Here’s Why Polen Capital Reduced its Goosehead Insurance (GSHD) Position

Polen Money, an investment decision management agency, published its “Polen U.S. Smaller Organization Growth” fourth quarter 2021 investor letter – a copy of which can be downloaded here. For the fourth quarter, the Polen U.S. Little Company Growth Composite Portfolio (the “Portfolio”) returned 1.59% gross and 1.34% web of costs, outperforming the .01% return for the Russell 2000 Development Index (the “Index”). The Portfolio also generated strong results around the entire 12 months, on both equally an complete basis and relative to the Index return of 2.83%. Spare some time to look at the fund’s major 5 holdings to have a clue about their best bets for 2022.

Polen U.S. Modest Company Development Fund, in its Q4 2021 trader letter, mentioned Goosehead Coverage, Inc (NASDAQ:GSHD) and talked over its stance on the agency. Started in 2003, Goosehead Insurance policies, Inc. (NASDAQ:GSHD) is a Westlake, Texas-dependent insurance plan firm with a $2.4 billion industry capitalization, and is at the moment spearheaded by its CEO, Mark E. Jones. Goosehead Insurance policy, Inc (NASDAQ:GSHD) shipped a -44.63% return since the starting of the year, even though its 12-thirty day period returns are down by -45.18%. The inventory shut at $66.62 for every share on March 11, 2022.

Here is what Polen U.S. Compact Corporation Advancement Fund has to say about Goosehead Insurance coverage, Inc in its Q4 2021 trader letter:

“All our Portfolio corporations, detractors provided, are delivering on our extended-time period expectations and continue on to have powerful growth prospects… We also minimized our posture in Goosehead Insurance plan. This was purely a risk administration decision, as we are continue to incredibly positive on each and every firm and its prospects.”

Our calculations clearly show that Goosehead Insurance policy, Inc (NASDAQ:GSHD) failed to obtain a mark on our list of the 30 Most Popular Shares Amid Hedge Cash. Goosehead Insurance policy, Inc (NASDAQ:GSHD) was in 17 hedge fund portfolios at the stop of the fourth quarter of 2021, in comparison to 13 resources in the earlier quarter. Goosehead Insurance, Inc (NASDAQ:GSHD) delivered a -46.19% return in the earlier 3 months.

In November 2021, we also shared an additional hedge fund’s views on Goosehead Insurance policy, Inc (NASDAQ:GSHD) in an additional post. You can discover other letters from hedge cash and notable investors on our hedge fund trader letters 2021 Q4 page.

Disclosure: None. This short article is initially printed at Insider Monkey.