Investment management company Vulcan Value Partners recently released its third-quarter 2024 investor letter. A copy of the letter can be downloaded here. Although the firm is pleased with the results, the quarterly results were mixed during the quarter. The firm capitalized on stock price volatility by allocating capital to companies with better price-to-value ratios. In the quarter, the fund’s Large Cap Composite returned 8.2% net of fees and expenses, the Small Cap Composite returned 9.1% net, the Focus Composite returned 5.6% net, the Focus Plus composite returned 5.9% and the All-Cap Composite returned 8.1% net. For more information on the fund’s best picks in 2024, please check its top five holdings.
Vulcan Value Partners highlighted stocks like Dun & Bradstreet Holdings, Inc. (NYSE:DNB), in the third quarter 2024 investor letter. Dun & Bradstreet Holdings, Inc. (NYSE:DNB) provides business-to-business data and analytics. The one-month return of Dun & Bradstreet Holdings, Inc. (NYSE:DNB) was 0.17%, and its shares gained 18.18% of their value over the last 52 weeks. On October 16, 2024, Dun & Bradstreet Holdings, Inc. (NYSE:DNB) stock closed at $11.44 per share with a market capitalization of $5.054 billion.
Vulcan Value Partners stated the following regarding Dun & Bradstreet Holdings, Inc. (NYSE:DNB) in its Q3 2024 investor letter:
“During the quarter, rumors began to circulate that Dun & d Holdings, Inc. (NYSE:DNB) was subject to a possible buyout. The company engaged Bank of America to assist with those third-party inquiries. Our value remains stable. We will continue to monitor Dun & Bradstreet’s operating results and external interest in the company. We will follow our discipline as we receive more information.”
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Dun & Bradstreet Holdings, Inc. (NYSE:DNB) is not on our list of 31 Most Popular Stocks Among Hedge Funds. As per our database, 32 hedge fund portfolios held Dun & Bradstreet Holdings, Inc. (NYSE:DNB) at the end of the second quarter which was 34 in the previous quarter. Dun & Bradstreet Holdings, Inc.’s (NYSE:DNB) second quarter revenue increased 3.9% year-over-year to $576 million. While we acknowledge the potential of Dun & Bradstreet Holdings, Inc. (NYSE:DNB) 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 Dun & Bradstreet Holdings, Inc. (NYSE:DNB) and shared Ariel Small Cap Value Strategy’s views on the company in the previous quarter. 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.