Mairs & Energy, an funding advisor, launched “Mairs & Energy Small Cap Fund” second quarter 2023 investor letter. A replica of the identical could be downloaded right here. The Mairs & Energy Small Cap Fund has gained 6.43% for year-to-date 2023, whereas the S&P Small Cap 600 TR benchmark has gained 6.03% and the Morningstar U.S. Fund Small Mix has gained 7.42% for a similar interval. As well as, please test the fund’s high 5 holdings to know its finest picks in 2023.
Mairs & Energy Small Cap Fund highlighted shares like Altair Engineering Inc. (NASDAQ:ALTR) within the second quarter 2023 investor letter. Altair Engineering Inc. (NASDAQ:ALTR) is a software program and cloud options supplier headquartered in Troy, Michigan. On August 24, 2023, Altair Engineering Inc. (NASDAQ:ALTR) inventory closed at $62.91 per share. One-month return of Altair Engineering Inc. (NASDAQ:ALTR) was -14.05%, and its shares gained 13.60% of their worth during the last 52 weeks. Altair Engineering Inc. (NASDAQ:ALTR) has a market capitalization of $5.111 billion.
Mairs & Energy Small Cap Fund made the next remark about Altair Engineering Inc. (NASDAQ:ALTR) in its second quarter 2023 investor letter:
“Taking a look at particular person shares, year-to-date relative outperformance got here from Altair Engineering Inc. (NASDAQ:ALTR) in Know-how, a supplier of software program utilized in design, simulation, and information evaluation that’s exhibiting development and margin growth as their software program helps firms speed up product improvement whereas lowering labor and supplies prices.”
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Altair Engineering Inc. (NASDAQ:ALTR) shouldn’t be on our listing of 30 Most Common Shares Amongst Hedge Funds. As per our database, 16 hedge fund portfolios held Altair Engineering Inc. (NASDAQ:ALTR) on the finish of second quarter which was 21 within the earlier quarter.
We mentioned Altair Engineering Inc. (NASDAQ:ALTR) in one other article and shared Mairs & Energy Small Cap Fund’s views on the corporate within the earlier quarter. As well as, please try our hedge fund investor letters Q2 2023 web page for extra investor letters from hedge funds and different main buyers.
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Disclosure: None. This text is initially revealed at Insider Monkey.