Qualivian Investment Partners, an investment partnership focused on long-only public equities, released its Q3 2024 investor letter. A copy of the same can be downloaded here. The fund outperformed the iShares MSCI USA Quality Factor ETF (QUAL) by 38.6% and 33.2% on a gross and net basis since its inception through June 30, 2024. It also exceeded the S&P 500 by 14.8% and 9.4%, respectively, on a gross and net basis. In addition, please check the fund’s top five holdings to know its best picks in 2024.
Qualivian Investment Partners highlighted stocks like Visa Inc. (NYSE:V) in the third quarter 2024 investor letter. Visa Inc. (NYSE:V) is a payment technology company. The one-month return of Visa Inc. (NYSE:V) was 1.30%, and its shares gained 21.50% of their value over the last 52 weeks. On December 16, 2024, Visa Inc. (NYSE:V) stock closed at $315.89 per share with a market capitalization of $611.712 billion.
Qualivian Investment Partners stated the following regarding Visa Inc. (NYSE:V) in its Q3 2024 investor letter:
“Visa Inc. (NYSE:V): FQ3 2024 revenues and EPS came inline versus consensus estimates with revenue and EPS growing 10% and 12% respectively. Payment volume increased by 7% and the highly profitable cross border volume increased by 14%. Operating margins at 67.1% missed consensus expectations at 67.4%. Management’s commentary on consumer spending for the back half of 2024 suggested a cautious but stable backdrop. Similar to our thoughts on MA, while we do not view V as immune to the macro backdrop, we continue to expect that over the longer term, it will continue to drive and benefit from the digitization of payments globally.
A close-up of a modern payments terminal with a pile of credit cards on the side.
Visa Inc. (NYSE:V) is in 6th position on our list of 31 Most Popular Stocks Among Hedge Funds. As per our database, 165 hedge fund portfolios held Visa Inc. (NYSE:V) at the end of the third quarter which was 163 in the previous quarter. Visa Inc. (NYSE:V) delivered strong results in the fiscal fourth quarter 2024, with net revenue of $9.6 billion, up 12% year over year, and EPS rising by 16%. While we acknowledge the potential of Visa Inc. (NYSE:V) 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 Visa Inc. (NYSE:V) and shared the list of best digital currency and payments stocks to invest in. 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.