“CSL’s core business continues to enjoy significant competitive advantages”

Polen Capital, an investment management firm, has released its Q2 2022 Investor Letter “Polen Global Growth Fund” – a copy of which can be downloaded here. During the second quarter of 2022, the Global Growth Composite Portfolio (the “Portfolio”) declined -18.08% and -18.34% gross and net of fees, respectively, compared to a decline of -15.65% for the MSCI ACWI (the “Index”). Since inception, the portfolio has compounded at an annualized rate of 11.04% and 10.12%, gross and net of fees, versus 6.88% for the index. Review the fund’s top 5 positions to get an overview of its top picks for 2022.

In its letter to investors for the second quarter of 2022, Polen Global Growth mentions Carlisle Companies Incorporated (NYSE:CSL) and explained his ideas for the company. Founded in 1917, Carlisle Companies Incorporated (NYSE: CSL) is a Scottsdale, Arizona-based manufacturing company with a market capitalization of $15.4 billion. Carlisle Companies Incorporated (NYSE: CSL) has returned 20.28% year-to-date, while its 12-month returns have risen 45.23%. The stock closed at $298.43 per share on October 06, 2022.

Here’s what Polen Global Growth has to say about Carlisle Companies Incorporated (NYSE:CSL) in its Q2 2022 Letter to Investors:

CSLThe recent update from said the worst impacts of COVID-19 on the business have likely passed, with plasma drives now resuming. We believe CSL’s core business continues to enjoy significant competitive advantages, and as collected plasma is processed into finished products, we believe sales will return to pre-COVID-19 levels. It will take time for this to materialize, but it is a welcome improvement. Most of the other segments of the business are doing well, and continued demand for CSL’s products, which are less economically sensitive, has likely contributed to stock stability recently. »

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Our calculations show that Carlisle Companies Incorporated (NYSE:CSL) fell short and did not make it to our list of 30 most popular stocks among hedge funds. Carlisle Companies Incorporated (NYSE:CSL) was in 30 hedge fund portfolios at the end of the second quarter of 2022, up from 29 funds in the prior quarter. Carlisle Companies Incorporated (NYSE: CSL) has returned 19.59% over the past 3 months.

In August 2022, we also shared another hedge fund’s perspective on Carlisle Companies Incorporated (NYSE: CSL) in 10 big dividend increases to watch in August. You can find other letters from hedge fund investors and leading investors on our letters to hedge fund investors 2022 Q2 page.

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Disclosure: none. This article originally appeared on Insider Monkey.

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