Delaware Funds by Macquarie, an investment management company, released its “Delaware Ivy Core Equity Fund” Q3 2024 investor letter. A copy of the letter can be downloaded here. The S&P 500® Index rose 5.9% in the third quarter, indicating continuing gains in the US large-cap equity market. Delaware Ivy Core Equity Fund Class I shares outperformed the Fund’s benchmark, the S&P 500 Index in the third quarter. Stock selection drove all of the relative outperformance compared with the Fund’s benchmark, while sector allocation was neutral to relative performance. In addition, please check the fund’s top five holdings to know its best picks in 2024.
Delaware Ivy Core Equity Fund highlighted stocks like Zebra Technologies Corporation (NASDAQ:ZBRA) in the third quarter 2024 investor letter. Zebra Technologies Corporation (NASDAQ:ZBRA) offers enterprise asset intelligence solutions in the automatic identification and data capture solutions industry. The one-month return of Zebra Technologies Corporation (NASDAQ:ZBRA) was -2.49%, and its shares gained 45.19% of their value over the last 52 weeks. On December 26, 2024, Zebra Technologies Corporation (NASDAQ:ZBRA) stock closed at $396.85 per share with a market capitalization of $20.47 billion.
Delaware Ivy Core Equity Fund stated the following regarding Zebra Technologies Corporation (NASDAQ:ZBRA) in its Q3 2024 investor letter:
“Zebra Technologies Corporation (NASDAQ:ZBRA) – After roughly two years of inventory digestion, large purchasers of the company’s handheld devices, used for inventory and logistics control, have seen an uptick in demand. The equity remains well below pre-pandemic levels.”
A tech-savvy employee testing a real-time location system in a warehouse.
Zebra Technologies Corporation (NASDAQ:ZBRA) is not on our list of 31 Most Popular Stocks Among Hedge Funds. As per our database, 42 hedge fund portfolios held Zebra Technologies Corporation (NASDAQ:ZBRA) at the end of the third quarter which was 35 in the previous quarter. While we acknowledge the potential of Zebra Technologies Corporation (NASDAQ:ZBRA) 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 Zebra Technologies Corporation (NASDAQ:ZBRA) and shared the list of the top stocks that are leading the market in investing in their growth according to Goldman Sachs. Zebra Technologies Corporation (NASDAQ:ZBRA) contributed to the performance of The London Company SMID Cap Strategy in Q3 2024. 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.