Published on 22 Aug 2023 on Insider Monkey via Yahoo Finance
What Makes World Wrestling Entertainment (WWE) an Attractive Investment?
Baron Funds, an investment management company, released its “Baron Opportunity Fund” second quarter 2023 investor letter. A copy of the same can be downloaded here. In the second quarter, the fund increased by 16.31% (Institutional Shares) outperforming the broader market including the Russell 3000 Growth Index and the S&P 500 Index, which gained 12.47% and 8.74% respectively. The Fund was up 37.21% year to date and 27.86% for the trailing 12 months, respectively, outperforming both indices. In addition, please check the fund’s top five holdings to know its best picks in 2023.
Baron Opportunity Fund highlighted stocks like World Wrestling Entertainment, Inc. (NYSE:WWE) in the second quarter 2023 investor letter. Headquartered in Stamford, Connecticut, World Wrestling Entertainment, Inc. (NYSE:WWE) is a media and entertainment company. On August 21, 2023, World Wrestling Entertainment, Inc. (NYSE:WWE) stock closed at $113.88 per share. One-month return of World Wrestling Entertainment, Inc. (NYSE:WWE) was 7.42%, and its shares gained 65.43% of their value over the last 52 weeks. World Wrestling Entertainment, Inc. (NYSE:WWE) has a market capitalization of $9.47 billion.
Baron Opportunity Fund made the following comment about World Wrestling Entertainment, Inc. (NYSE:WWE) in its second quarter 2023 investor letter: