Alphyn Capital Management, an investment management firm, released its fourth-quarter 2024 investor letter. A copy of the letter can be downloaded here. The Master Account of the fund returned 2.6% net in the fourth quarter compared to 2.4% for the S&P500 Index. As of fourth quarter 2024, the top ten holdings accounted for approximately 67% of the portfolio, and approximately 9% of the portfolio was held in cash. Despite the market cooling in December, the fund ended the year with a decent overall performance. In addition, please check the fund’s top five holdings to know its best picks in 2024.
Alphyn Capital Management highlighted stocks like Fairfax Financial Holdings Limited (OTC:FRFHF) in the fourth quarter 2024 investor letter. Fairfax Financial Holdings Limited (OTC:FRFHF) provides property and casualty insurance and reinsurance, and investment management services. The one-month return of Fairfax Financial Holdings Limited (OTC:FRFHF) was -3.85%, and its shares gained 44.43% of their value over the last 52 weeks. On January 10, 2025, Fairfax Financial Holdings Limited (OTC:FRFHF) stock closed at $1,347.27 per share with a market capitalization of $30.884 billion.
Alphyn Capital Management stated the following regarding Fairfax Financial Holdings Limited (OTC:FRFHF) in its Q4 2024 investor letter:
“Fairfax Financial Holdings Limited (OTC:FRFHF) has continued to deliver exceptional results over the past year and a half, closely mirroring the investment thesis that initially guided my decision. Robust underwriting profitability and astute capital allocation have driven growth in insurance operations, while improvements in the investment portfolio have further solidified its position as a standout holding.
While I have previously discussed Fairfax in detail, it remains a prime example of the high-quality, long-term investments I seek. Notably, a growing proportion of Fairfax’s value now derives from its core insurance operations and privately held businesses, making it increasingly resilient to short-term market volatility. Fairfax remains a core holding, and I am confident in its ability to generate sustained value for shareholders over the long term.”
Insurance house, car and family health live concept. The insurance agent presents the toys that symbolize the coverage.
Fairfax Financial Holdings Limited (OTC:FRFHF) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 1 hedge fund portfolios held Fairfax Financial Holdings Limited (OTC:FRFHF) at the end of the third quarter which was 1 in the previous quarter. While we acknowledge the potential of Fairfax Financial Holdings Limited (OTC:FRFHF) 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 Q4 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.