Published on 17 Apr 2024 on Insider Monkey via Yahoo Finance
Strong Q4 FY23 Numbers and Guidance Pushed CRH plc (CRH) in Q1
L1 Capital, an investment management firm, released its “L1 Long Short Fund” first quarter 2024 investor letter, a copy of the same can be downloaded here. As U.S. economic data continued to surprise to the upside in comparison to market expectations, equity markets saw a gain throughout the March quarter. The portfolio returned 7.4% for the quarter compared to 5.3% for S&P/ASX 200 AI. Over the past three years, the portfolio return was 14.8% p.a compared to 9.6% p.a. for the index. Please check the top five holdings of the fund to know its best picks in 2024.
L1 Long Short Fund featured stocks like CRH plc (NYSE:CRH) in the first quarter 2024 investor letter. Headquartered in Dublin, Ireland, CRH plc (NYSE:CRH) is a building materials manufacturer and distributor. On April 16, 2024, CRH plc (NYSE:CRH) stock closed at $79.17 per share. One-month return of CRH plc (NYSE:CRH) was -7.12%, and its shares gained 59.91% of their value over the last 52 weeks. CRH plc (NYSE:CRH) has a market capitalization of $54.899 billion.