Nightview Capital, an investment management company that concentrates exclusively on publicly traded equity strategies released its fourth quarter 2024 investor letter. A copy of the letter can be downloaded here. This letter highlights five transformative trends that the firm is observing for 2025 and beyond, along with a review of key companies in the portfolio and how the portfolio is evolving in response to these trends. For more information on the fund’s top picks in 2024, please check its top five holdings.
In its fourth quarter 2024 investor letter, Nightview Capital emphasized stocks such as Goldman Sachs Group, Inc. (NYSE:GS). Founded in 1869, The Goldman Sachs Group, Inc. (NYSE:GS) is a financial institution that operates through Global Banking & Markets, Asset & Wealth Management, and Platform Solutions segments. The one-month return of The Goldman Sachs Group, Inc. (NYSE:GS) was -5.61%, and its shares gained 37.40% of their value over the last 52 weeks. On March 26, 2025, The Goldman Sachs Group, Inc. (NYSE:GS) stock closed at $573.92 per share with a market capitalization of $178.369 billion.
Nightview Capital stated the following regarding The Goldman Sachs Group, Inc. (NYSE:GS) in its Q4 2024 investor letter:
“Finance is transforming. Technology is democratizing access, reshaping wealth management, and enabling entirely new models of investing. From algorithmic trading to digital-first advisory platforms, the sector is evolving rapidly. Investors demand smarter, more sustainable options. The potential is significant, and we are focused on companies shaping how people save, invest, and transact in the years to come.
The Goldman Sachs Group, Inc. (NYSE:GS): Core Opportunity: Goldman Sachs continues to lead investment banking while growing in asset and wealth management. Its adaptability and focus on core strengths position it for sustained growth.
Key Highlights: Resilient Revenue: Q3 2023 revenue reached $12.7 billion (+7% YoY), driven by the Global Banking & Markets division, which contributed $8.6 billion (+7% YoY).
Investment Banking Leadership: Fees rose 20% YoY, maintaining Goldman’s #1 position in M&A and stock offerings.
Asset & Wealth Management Growth: Revenue climbed 16% YoY to $3.75 billion, with assets under supervision at $3 trillion.
Investment Case: Goldman’s pivot away from consumer products and focus on higher-margin businesses creates a more sustainable growth trajectory. With strong shareholder returns and potential upside in investment banking, Goldman retains their status as the top tier financial institution.”
An iconic image of a modern financial institution’s office, with prestigious experts discussing stock market fluctuations.
The Goldman Sachs Group, Inc. (NYSE:GS) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 81 hedge fund portfolios held The Goldman Sachs Group, Inc. (NYSE:GS) at the end of the fourth quarter compared to 72 in the third quarter. The Goldman Sachs Group, Inc. (NYSE:GS) reported net revenues of $13.9 billion EPS of $11.95, and ROE of 14.6% and ROTE of 15.5% in the fourth quarter of 2024. While we acknowledge the potential of The Goldman Sachs Group, Inc. (NYSE:GS) 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.
We covered The Goldman Sachs Group, Inc. (NYSE:GS) in another article and shared the list of best bank stocks to buy according to billionaires. 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.