VGI Partners Global Investments Limited, an investment management company, released its 2022 annual investor letter. A copy of the same can be downloaded here. The firm returned -22.3% (net) for the year ended 31st December 2022. 2022 was a challenging year for the global equity market, the S&P 500 declined -19% during the period, the NASDAQ Composite retreated -33%, and the MSCI World Index fell -19% in the same period. In addition, please check the fund’s top five holdings to know its best picks in 2022.

VGI Partners highlighted stocks like Maxar Technologies Inc. (NYSE:MAXR) in the 2022 annual investor letter. Headquartered in Westminster, Colorado, Maxar Technologies Inc. (NYSE:MAXR) is a space solutions provider that provides secure, precise and geospatial intelligence solutions. On April 3, 2023, Maxar Technologies Inc. (NYSE:MAXR) stock closed at $51.30 per share. One-month return of Maxar Technologies Inc. (NYSE:MAXR) was 0.21%, and its shares gained 32.18% of their value over the last 52 weeks. Maxar Technologies Inc. (NYSE:MAXR) has a market capitalization of $3.876 billion.

VGI Partners made the following comment about Maxar Technologies Inc. (NYSE:MAXR) in its 2022 annual investor letter:

“Similar to enterprise software, we have seen acquisitions in the defence sector at significant premiums to public market valuations – one such example was Maxar Technologies Inc. (NYSE:MAXR), which received a private equity takeover proposal in December 2022 at a 129% premium to the last traded price. Again, this highlights the dislocation between public market prices and those that an informed, private buyer is prepared to pay given a 5-year view. We find this encouraging.”

Maxar Technologies Inc. (NYSE:MAXR) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 39 hedge fund portfolios held Maxar Technologies Inc. (NYSE:MAXR) at the end of the fourth quarter which was 16 in the previous quarter.

We discussed Maxar Technologies Inc. (NYSE:MAXR) in another article and shared the list of best space stocks to invest in according to hedge funds. In addition, please check out our hedge fund investor letters Q4 2022 page for more investor letters from hedge funds and other leading investors.

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Disclosure: None. This article is originally published at Insider Monkey.