Aoris Investment Management, a specialist international equity manager, released its Q4 2024 investor letter. A copy of the letter can be downloaded here. In 2024, Portfolio’s Class A (Unhedged) returned 22.9% after fees compared to 29.8% return for the benchmark. The fund’s Class C (Hedged) returned -12.3% compared to a 19.7% return for the benchmark. 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, Aoris Investment Management emphasized stocks such as CDW Corporation (NASDAQ:CDW). CDW Corporation (NASDAQ:CDW) is an information technology (IT) solutions provider. The one-month return of CDW Corporation (NASDAQ:CDW) was -0.11%, and its shares lost 22.72% of their value over the last 52 weeks. On February 13, 2025, CDW Corporation (NASDAQ:CDW) stock closed at $187.59 per share with a market capitalization of $24.999 billion.
Aoris Investment Management stated the following regarding CDW Corporation (NASDAQ:CDW) in its Q4 2024 investor letter:
“The two primary detractors from performance in 2024 were L’Oréal, which was held for the whole year and declined by 20%, and CDW Corporation (NASDAQ:CDW), whose share price was flat up until its sale from the Fund in October, underperforming our benchmark by 22%.
CDW is the largest IT reseller in the United States, helping more than 250,000 small to medium-sized organisations with their technology needs.
CDW enjoyed a period of strong growth over 2021 and 2022, as many of its customers invested in their IT infrastructure to support working from home, with this spend skewed towards hardware. This was particularly favourable for CDW as hardware accounts for over half of its profit, with software and services making up the balance…” (Click here to read the full text)
An IT Executive reviewing blueprints and schematics for a hardware solution.
CDW Corporation (NASDAQ:CDW) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 39 hedge fund portfolios held CDW Corporation (NASDAQ:CDW) at the end of the third quarter which was 32 in the previous quarter. While we acknowledge the potential of CDW Corporation (NASDAQ:CDW) 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 CDW Corporation (NASDAQ:CDW) and shared the list of mid-cap IT stocks outperforming the market in 2025. In addition, please check out our hedge fund investor letters Q3 2024 page for more investor letters from hedge funds and other leading investors.
READ NEXT: Michael Burry Is Selling These Stocks and A New Dawn Is Coming to US Stocks.
Disclosure: None. This article is originally published at Insider Monkey.