Aristotle Atlantic Partners, LLC, an investment advisor, released its “Focus Growth Strategy” fourth quarter 2024 investor letter. A copy of the letter can be downloaded here. The U.S. equity market finished the year strongly, with the S&P 500 Index rising 2.41% in Q4. The Bloomberg U.S. Aggregate Bond Index, on the other hand, fell 3.06% during the quarter. Aristotle Atlantic’s Focus Growth strategy returned 5.05% gross of fees (5.03% net of fees) in the quarter underperforming the Russell 1000 Growth Index’s 7.07% total return. A combination of allocation effects and security selection drove the underperformance of the portfolio in the quarter. In addition, you can check the fund’s top 5 holdings to determine its best picks for 2024.
Aristotle Atlantic Focus Growth Strategy highlighted stocks like Expedia Group, Inc. (NASDAQ:EXPE), in the fourth quarter 2024 investor letter. Expedia Group, Inc. (NASDAQ:EXPE) is an online travel company with a market capitalization of $21.601 billion. The one-month return of Expedia Group, Inc. (NASDAQ:EXPE) was -6.97%, and its shares gained 10.36% of their value over the last 52 weeks. On February 3, 2024, Expedia Group, Inc. (NASDAQ:EXPE) stock closed at $169.62 per share.
Aristotle Atlantic Focus Growth Strategy stated the following regarding Expedia Group, Inc. (NASDAQ:EXPE) in its Q4 2024 investor letter:
“ExpediaExpedia Group, Inc. (NASDAQ:EXPE) contributed to performance in the fourth quarter of 2024. In early November, the company reported better-than-expected EBITDA and EPS for the third quarter. Full-year guidance for 2024 was increased. The vacation rental business, Vrbo, returned to modest growth after a few quarters of decline. The balance sheet is close to target leverage ratio. There is a share repurchase authorization for approximately 13% of outstanding shares.”
A busy airport terminal with a family eagerly waiting for their business trip.
Expedia Group, Inc. (NASDAQ:EXPE) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 52 hedge fund portfolios held Expedia Group, Inc. (NASDAQ:EXPE) at the end of the third quarter which was 66 in the previous quarter. The third quarter revenue of Expedia Group, Inc. (NASDAQ:EXPE) grew 3% year-over-year to $4.1 billion. While we acknowledge the potential of Expedia Group, Inc. (NASDAQ:EXPE) 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 another article, we discussed Expedia Group, Inc. (NASDAQ:EXPE) and shared the list of undervalued cyclical stocks to buy. 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.