Wedgewood Partners, an investment management company, released its fourth-quarter 2024 investor letter. A copy of the letter can be downloaded here. In the fourth quarter, Wedgewood Composite’s net return was 5.5% compared to the Standard & Poor’s 2.4%, the Russell 1000 Growth Index’s 7.1%, and the Russell 1000 Value Index’s -2.0% return for the same period. Year to date, the composite returned 29.1% compared to the 25.0%, 33.4%, and 14.4% returns for the indexes, respectively. In addition, you can check the fund’s top 5 holdings to know its best picks in 2024.
Wedgewood Partners highlighted stocks like S&P Global Inc. (NYSE:SPGI) in the Q4 2024 investor letter. S&P Global Inc. (NYSE:SPGI) offers credit ratings, benchmarks, analytics, and workflow solutions in the global capital, commodity, and automotive markets. The one-month return of S&P Global Inc. (NYSE:SPGI) was 2.05%, and its shares gained 12.95% of their value over the last 52 weeks. On January 15, 2025, S&P Global Inc. (NYSE:SPGI) stock closed at $496.52 per share with a market capitalization of $154.07 billion.
Wedgewood Partners stated the following regarding S&P Global Inc. (NYSE:SPGI) in its Q4 2024 investor letter:
“Wedgewood has owned S&P Global Inc. (NYSE:SPGI) for just over five years. It has been a somewhat unusual holding, in that we took an initial position of just 2.5% 7ive years ago in late 2019, and we have neither added to nor trimmed our position since. It is time to provide an update on the Company.
Many of you will remember S&P Global used to be known as Standard & Poor’s, long known originally as a credit ratings agency and a go-to source of 7inancial information. Founded in the 1960s by Henry Varnum Poor, the origin of the company was a series of books published by Poor providing 7inancial and operating statistics for U.S. railroads…” (Click here to read the full text)
A group of analysts studying data on a large monitor.
S&P Global Inc. (NYSE:SPGI) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 85 hedge fund portfolios held S&P Global Inc. (NYSE:SPGI) at the end of the third quarter which was 90 in the previous quarter. In the third quarter, S&P Global Inc. (NYSE: SPGI) reported a 16% year-over-year increase in total revenue, marking the third consecutive quarter of accelerating revenue growth. While we acknowledge the potential of S&P Global Inc. (NYSE:SPGI) 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 S&P Global Inc. (NYSE:SPGI) and shared the list of best financial services stocks to buy according to analysts. Montaka Global Investments discussed S&P Global Inc. (NYSE:SPGI) in its Q3 2024 investor letter highlighting its new, high-probability adjacent opportunities. 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.