Published on 13 Feb 2024 on Insider Monkey via Yahoo Finance
The Liberty SiriusXM Group (LSXMK) Surged in 2023
Weitz Investment Management, an investment management firm, released its “Partners III Opportunity Fund” fourth-quarter 2023 investor letter. A copy of the same can be downloaded here. In the fourth quarter, the fund’s Institutional Class returned +5.98% compared to a +12.07% return for the Russell 3000 Index. Further, the fund returned +17.32%, compared to +25.96% for the index during the Calander year. An already successful year was capped off by strong performance across risk assets in the fourth quarter. In addition, you can check the top 5 holdings of the fund to know its best picks in 2023.
Weitz Investment Management Partners III Opportunity Fund featured stocks such as The Liberty SiriusXM Group (NASDAQ:LSXMK) in the fourth quarter 2023 investor letter. Headquartered in Englewood, Colorado, The Liberty SiriusXM Group (NASDAQ:LSXMK) engages in the entertainment business. On February 12, 2024, The Liberty SiriusXM Group (NASDAQ:LSXMK) stock closed at $30.65 per share. One-month return of The Liberty SiriusXM Group (NASDAQ:LSXMK) was 0.82%, and YTD its shares gained 6.50% of their value. The Liberty SiriusXM Group (NASDAQ:LSXMK) has a market capitalization of $10.025 billion.
Partners III Opportunity Fund stated the following regarding The Liberty SiriusXM Group (NASDAQ:LSXMK) in its fourth quarter 2023 investor letter: