Cedar Creek Partners, an investment management company, released its fourth quarter 2024 investor letter. A copy of the letter can be downloaded here. In 2024, a few significant tech stocks and the NASDAQ remained at the top of the stock markets. The NASDAQ saw a gain of 28.6% for the year, while the S&P 500 (SPY) increased by 24.9%. Other monitored indices also delivered double-digit returns, with Cedar Creek achieving a 5.2% rise for the year, after accounting for fees and expenses. In addition, you can check the fund’s top 5 holdings to find out its best picks for 2024.
In its fourth quarter 2024 investor letter, Cedar Creek Partners emphasized stocks such as Solitron Devices, Inc. (OTC:SODI). Solitron Devices, Inc. (OTC:SODI) is a solid-state semiconductor components manufacturer. The one-month return of Solitron Devices, Inc. (OTC:SODI) was -3.48%, and its shares lost 18.45% of their value over the last 52 weeks. On February 26, 2025, Solitron Devices, Inc. (OTC:SODI) stock closed at $15.02 per share with a market capitalization of $31.77 million.
Cedar Creek Partners stated the following regarding Solitron Devices, Inc. (OTC:SODI) in its Q4 2024 investor letter:
“Solitron Devices, Inc. (OTC:SODI) – the bid price for shares increased from $15.25 per share to $15.85 per share during the year. As a reminder, I am CEO and a board member of Solitron. The fund owns 11.6% of Solitron’s outstanding shares. I own about 2.5% personally. During the quarter Solitron released fiscal second quarter results. Earnings were just $17,000 or $0.01 per share due to a supplier issue that resulted in both a loss of revenue and increased costs from scrapping of over 2,000 parts. We announced fiscal third quarter results in January. Earnings were $266,000, or $0.13 per share. Both quarters were negatively impacted by lower revenues due to decreased backlog at the beginning of the year. That is rapidly changing.
Solitron had its largest quarterly bookings (orders) in at least twenty years. Bookings were $8 million in the quarter, versus sales of $3.4 million. Bookings included a large two year order from L3Harris for HIMARS (High Mobility Artillery Rocket System) – our second largest defense program. We have been told to expect a $5 million order from our largest defense program, AMRAAM (Advanced Medium-Range Air-to-Air Missile) for RTX (formerly Raytheon) in the current quarter. The order is expected to include parts for two or three years of SM-6 missile production as well.”
Close-up of Silicon Die are being Extracted from Semiconductor Wafer and Attached to Substrate by Pick and Place Machine. Computer Chip Manufacturing at Fab. Semiconductor Packaging Process.
Solitron Devices, Inc. (OTC:SODI) is not on our list of 30 Most Popular Stocks Among Hedge Funds. While we acknowledge the potential of Solitron Devices, Inc. (OTC:SODI) 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.