LVS Advisory, a New York City-based full-service investment firm, recently released its first-quarter 2025 investor letter. A copy of the letter can be downloaded here. In the first quarter of 2025, the LVS Event-Driven portfolio returned 0.8% (net of fees) and the LVS Growth Portfolio delivered 0.3%, net of all fees and expenses. This compared to 0.9% return for the high-yield bond index and 4.3% decline for the S&P 500 index. For more information on the fund’s top picks in 2025, please check its top five holdings.
In its first quarter 2025 investor letter, LVS Advisory emphasized stocks such as Howard Hughes Holdings Inc. (NYSE:HHH). Headquartered in The Woodlands, Texas, Howard Hughes Holdings Inc. (NYSE:HHH) develops and manages commercial, residential, and mixed-use real estate. The one-month return of Howard Hughes Holdings Inc. (NYSE:HHH) was -0.05%, and its shares gained 16.51% of their value over the last 52 weeks. On April 2, 2025, Howard Hughes Holdings Inc. (NYSE:HHH) stock closed at $74.81 per share with a market capitalization of $3.771 billion.
LVS Advisory stated the following regarding Howard Hughes Holdings Inc. (NYSE:HHH) in its Q1 2025 investor letter:
Howard Hughes Corp (NYSE:HHH) is a real estate holding company that owns several master planned communities (“MPCs”) across the United States. Master planned communities are large-scale residential developments designed to integrate commercial spaces (stores, offices) and recreational facilities (parks, golf courses). In other words, MPCs are mini-cities within cities that cater to upper-middle class families. The flagship MPC in Howard Hughes’s portfolio is The Woodlands located in Houston, Texas.
I became interested in Howard Hughes last summer after the company divested the South Street Seaport. The Seaport had been a disaster project for the company, incinerating cash, and made the rest of the business difficult for analysts to value. After conducting research on the remaining assets, we learned that the MPC portfolio consisted of high-quality real estate assets and we believed that the stock implied a significant discount to the net asset value. Furthermore, the stock was poised to be re-valued higher as the financials improve post-Seaport spin off. We purchased shares of Howard Hughes in August 2024 for ~$74.55 per share…” (Click here to read the full text)
An aerial view of a master-planned community with its wide streets and amenities.
Howard Hughes Holdings Inc. (NYSE:HHH) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 39 hedge fund portfolios held Howard Hughes Holdings Inc. (NYSE:HHH) at the end of the fourth quarter which was 39 in the previous quarter. While we acknowledge the potential of Howard Hughes Holdings Inc. (NYSE:HHH) 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 Howard Hughes Holdings Inc. (NYSE:HHH) in another article, where we shared the list of stocks Jim Cramer recently discussed. In addition, please check out our hedge fund investor letters Q1 2025 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.