Published on 15 Nov 2023 on Insider Monkey via Yahoo Finance

Here’s Headwaters Capital’s Perspective on Abcam plc (ABCM) Acquisition

Headwaters Capital Management, an investment management company, released its third-quarter 2023 investor letter. A copy of the same can be downloaded here. The fund declined -7.6% (-7.8% net) in the third quarter compared to a -4.7% return for the Russell Mid Cap Index. The YTD results stand at +14.2% (+13.5% net) compared to a +3.9% return for the index.  The firm remains optimistic about the prospects of the companies in its portfolio. In addition, you can check the top 5 holdings of the fund to know its best picks in 2023.

Headwaters Capital Management highlighted stocks like Abcam plc (NASDAQ:ABCM) in the third quarter 2023 investor letter. Headquartered in Cambridge, the United Kingdom, Abcam plc (NASDAQ:ABCM) is a global life science company that focuses on identifying, developing, and distributing reagents and tools. On November 14, 2023, Abcam plc (NASDAQ:ABCM) stock closed at $23.23 per share. One-month return of Abcam plc (NASDAQ:ABCM) was 1.57%, and its shares gained 37.46% of their value over the last 52 weeks. Abcam plc (NASDAQ:ABCM) has a market capitalization of $5.346 billion.

Headwaters Capital Management made the following comment about Abcam plc (NASDAQ:ABCM) in its Q3 2023 investor letter: