Aristotle Capital Boston, LLC, an investment advisor, released its “Small Cap Equity Strategy” fourth quarter 2024 investor letter. A copy of the letter can be downloaded here. The volatility that was seen in 2024 persisted into the fourth quarter. From style perspective, value companies underperformed their growth counterparts during the quarter, with the Russell 2000 Value Index returning -1.06% while the Russell 2000 Growth Index returned 1.70%. In the fourth quarter, the strategy delivered a return of -0.46% net of fees (-0.31% gross of fees) underperforming the Russell 2000 Index’s 0.33% total return. Security selection drove the underperformance of the strategy in the quarter. For more information on the fund’s best picks in 2024, please check its top five holdings.
Aristotle Small Cap Equity Strategy highlighted stocks like Americold Realty Trust, Inc. (NYSE:COLD), in the fourth quarter 2024 investor letter. Americold Realty Trust, Inc. (NYSE:COLD) provides temperature-controlled logistics real estate and value-added services. The one-month return of Americold Realty Trust, Inc. (NYSE:COLD) was 2.00%, and its shares lost 27.16% of their value over the last 52 weeks. On January 17, 2025, Americold Realty Trust, Inc. (NYSE:COLD) stock closed at $21.40 per share with a market capitalization of $6.105 billion.
Aristotle Small Cap Equity Strategy stated the following regarding Americold Realty Trust, Inc. (NYSE:COLD) in its Q4 2024 investor letter:
“Americold Realty Trust, Inc. (NYSE:COLD), a global leader in temperature-controlled logistics, offering innovative technology-oriented supply chain and cold storage solutions to food producers, processors, distributors, and retailers was added to the portfolio. We believe that company-specific productivity initiatives coupled with strong industry dynamics are underappreciated by the market and not reflected in our estimate of the current valuation.”
An interior of a modern temperature-controlled warehouse with industrial shelving units and workers in motion.
Americold Realty Trust, Inc. (NYSE:COLD) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 28 hedge fund portfolios held Americold Realty Trust, Inc. (NYSE:COLD) at the end of the third quarter which was 36 in the previous quarter. While we acknowledge the potential of Americold Realty Trust, Inc. (NYSE:COLD) 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 Americold Realty Trust, Inc. (NYSE:COLD) and shared the list of best warehouse and self-storage stocks to buy. 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.