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Investment management company Maran Capital Management recently released its fourth-quarter 2022 investor letter. A copy of the same can be downloaded here. Maran Partners Fund returned 1.6%, net of all fees and expenses in the fourth quarter, taking the yearly performance to -24.2%. The fund compounded at the rate of 11% every year over the last five years. In addition, you can check the top 5 holdings of the fund to know its best picks in 2022.
Maran Capital Management highlighted stocks like Clarus Corporation (NASDAQ:CLAR) in the Q4 2022 investor letter. Headquartered in Salt Lake City, Utah, Clarus Corporation (NASDAQ:CLAR) is an outdoor equipment and lifestyle products manufacturer. On February 14, 2023, Clarus Corporation (NASDAQ:CLAR) stock closed at $9.97 per share. One-month return of Clarus Corporation (NASDAQ:CLAR) was 6.63%, and its shares lost 55.90% of their value over the last 52 weeks. Clarus Corporation (NASDAQ:CLAR) has a market capitalization of $369.254 million.
Maran Capital Management made the following comment about Clarus Corporation (NASDAQ:CLAR) in its Q4 2022 investor letter:
“While Clarus Corporation (NASDAQ:CLAR) wound up being a meaningful detractor to performance last year, it could have been much worse. We have held Clarus in various position sizes for seven years, and the company has performed well for us. With this history, it would have been easy to fall in love with the stock. But I try to remain rational and level-headed with respect to all of our positions, even those that we have grown to know very well.