Here’s Why You Should Be Confident With Your Aris Water Solutions (ARIS) Stake
Long Cast Advisers, LLC, an independent registered investment adviser, investing on behalf of individuals, family offices, and endowments, published its third quarter 2022 investor letter – a copy of which can be downloaded here. For the 3Q22 quarter (ended Sept 30, 2022), cumulative net returns increased by 14%. YTD returns are down 16%. Since inception in November 2015 through quarter end 3Q22, LCA has returned a cumulative 130% net of fees, or 13% CAGR. Try to spare some time to check the fund's top 5 holdings for you to have an idea about their best stock picks this 2022.
In its Q3 2022 investor letter, Long Cast Advisers mentioned Aris Water Solutions, Inc. (NYSE:ARIS) and explained its insights for the company. Founded in 2015, Aris Water Solutions, Inc. (NYSE:ARIS) is a Houston, Texas-based environmental infrastructure and solutions company with a $1.2 billion market capitalization. Aris Water Solutions, Inc. (NYSE:ARIS) delivered a -10.69% return and it closed at $14.20 per share on October 13, 2022.
Here is what Long Cast Advisers has to say about Aris Water Solutions, Inc. (NYSE:ARIS) in its Q3 2022 investor letter:
"Investing in “platform” businesses can offer wonderful returns, but many small companies often fail in their efforts to achieve “platform status”. I’ve had mixed results investing in the theme. We did well with ARIS) (dealer management software; lots of niche disaggregated small businesses) and I’m confident that the payments systems and exchanges we own are terrific businesses."
Photo by Silvan Schuppisser on Unsplash
Our calculations show that Aris Water Solutions, Inc. (NYSE:ARIS) fell short and didn’t make it on our list of the 30 Most Popular Stocks Among Hedge Funds. Aris Water Solutions, Inc. (NYSE:ARIS) was in 14 hedge fund portfolios at the end of the second quarter of 2022, compared to 10 funds in the previous quarter. Aris Water Solutions, Inc. (NYSE:ARIS) delivered a -13.73% return in the past 3 months.
In March 2022, we published an article that includes Aris Water Solutions, Inc. (NYSE:ARIS) in 5 Recycling Stocks to Buy Now. You can find other investor letters from hedge funds and prominent investors on our hedge fund investor letters 2022 Q3 page.
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Disclosure: None. This article is originally published at Insider Monkey.
