Greenhaven Road Capital, an investment management company, released its fourth-quarter 2024 investor letter. A copy of the letter can be downloaded here. The firm stated in its Q3 2024 letter that with a concentrated portfolio of idiosyncratic companies returns are expected to come in chunks, with progress being made and multiple multi-baggers holding potential. The expectation was paid off in Q4 with another chunk. The fund returned approximately 13% in the quarter bringing yearly returns to 27%. In addition, you can check the fund’s top 5 holdings to determine its best picks for 2024.
In its fourth quarter 2024 investor letter, Greenhaven Road Capital emphasized stocks such as MarketWise, Inc. (NASDAQ:MKTW). MarketWise, Inc. (NASDAQ:MKTW) provides content and technology multi-brand platform for self-directed investors. The one-month return of MarketWise, Inc. (NASDAQ:MKTW) was 33.39%, and its shares lost 61.44% of their value over the last 52 weeks. On March 6, 2025, MarketWise, Inc. (NASDAQ:MKTW) stock closed at $0.7634 per share with a market capitalization of $30.202 million.
Greenhaven Road Capital stated the following regarding MarketWise, Inc. (NASDAQ:MKTW) in its Q4 2024 investor letter:
“We sold almost all our MarketWise, Inc. (NASDAQ:MKTW) holdings during the quarter, nearly concluding our worst investment since the founding of the Partnership. In retrospect, I underestimated just how large of a beneficiary the company, a multi-brand content and technology platform for self-directed investors, was from Covid. I take some solace in that, during the entire IPO and subsequent 3+ years, insiders were net buyers of shares and the largest holders and board members never sold a share. I had high hopes for Porter Stansberry as CEO. He led the company for the 20 years before their IPO. His numbers were a thing of beauty. Profitable growth year after year after year. He left the company shortly before the IPO but returned in 2023. People matter and when he left the CEO role, I began to think about the exits. MarketWise built an incredible business with only $50K of invested capital, and they may in fact be able to rebuild the growth algorithm, but we are unlikely to be shareholders for that journey.”
A man wearing a suit, sitting in front of multiple computer monitors in a financial research office.
MarketWise, Inc. (NASDAQ:MKTW) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 7 hedge fund portfolios held MarketWise, Inc. (NASDAQ:MKTW) at the end of the fourth quarter compared to 8 in the third quarter. While we acknowledge the potential of MarketWise, Inc. (NASDAQ:MKTW) 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 MarketWise, Inc. (NASDAQ:MKTW) and shared the list of companies that just started paying dividends. 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.