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Alluvium Global Fund's investment thesis on Universal Music Group N.V. ($UMGNF) — Q2 2023 | Buyside Digest

$UMGNFNASDAQUniversal Music Group N.V.

BULL

Alluvium Global Fund—UMGNF

Fund Letter

Q2 2023

Published July 11, 2023

$16.81USD

+0.9% vs last month

$23.65Pitched

-28.9% since pitch

Market Cap$32.6B

P/E (TTM)N/A

52-Wk RangeN/A

Div. YieldN/A

Universal Music Group's stock declined on minor advertising revenue weakness, which the manager believes was unjustified. While applying more...

— Stuart Pearce, Alexis Delloye

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