Aoris Investment Management, a specialist international equity manager, released its Q4 2024 investor letter. A copy of the letter can be downloaded here. In 2024, Portfolio’s Class A (Unhedged) returned 22.9% after fees compared to 29.8% return for the benchmark. The fund’s Class C (Hedged) returned -12.3% compared to a 19.7% return for the benchmark. In addition, you can check the fund’s top 5 holdings to determine its best picks for 2024.
In its fourth quarter 2024 investor letter, Aoris Investment Management emphasized stocks such as LVMH Moët Hennessy – Louis Vuitton, Société Européenne (OTC:LVMUY). LVMH Moët Hennessy – Louis Vuitton, Société Européenne (OTC:LVMUY) is a luxury goods company. The one-month return of LVMH Moët Hennessy – Louis Vuitton, Société Européenne (OTC:LVMUY) was 5.31%, and its shares lost 14.68% of their value over the last 52 weeks. On February 14, 2025, LVMH Moët Hennessy – Louis Vuitton, Société Européenne (OTC:LVMUY) stock closed at $149.62 per share with a market capitalization of $373.592 billion.
Aoris Investment Management stated the following regarding LVMH Moët Hennessy – Louis Vuitton, Société Européenne (OTC:LVMUY) in its Q4 2024 investor letter:
“In judging LVMH Moët Hennessy – Louis Vuitton, Société Européenne’s (OTC:LVMUY) 2023 earnings to be significantly above normal, we made a commensurately large change to what we felt the business to be worth. Often as investors it feels more comfortable to make incremental changes to our estimate of earnings and fair value of a business, or to our assessment of its management quality and competitive strengths. We tiptoe to a change in view. Sometimes, though, we need to take a ‘logical leap’ and make a more profound change in our appraisal, and we did that with LVMH.
We exited LVMH in May after concluding that 2023 earnings were materially above normal. Over 2021 to 2023, LVMH benefited from a period of unusually strong demand for its luxury wares. The boost to LVMH’s earnings from this top-line growth was amplified by significant expansion in its profit margin, such that 2023 earnings were more than double what it earned in 2019.”
A stunning jewelry display with diamonds and gold, highlighting the company’s commitment to quality.
LVMH Moët Hennessy – Louis Vuitton, Société Européenne (OTC:LVMUY) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 1 hedge fund portfolios held LVMH Moët Hennessy – Louis Vuitton, Société Européenne (OTC:LVMUY) at the end of the third quarter which was 1 in the previous quarter. While we acknowledge the potential of LVMH Moët Hennessy – Louis Vuitton, Société Européenne (OTC:LVMUY) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is as promising as NVIDIA but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
In addition, please check out our hedge fund investor letters Q3 2024 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.