JDP Capital Management, an investment management company, released its fourth quarter 2024 investor letter. A copy of the letter can be downloaded here. 2024 proved to be an excellent year for the market and an even more impressive one for the fund. In the fourth quarter, the fund generated a gain of 10.4%, resulting in a total return of 47.9% for the year, net of fees for investors. In comparison, the S&P 500 recorded a 2.4% increase in the fourth quarter and a 25% rise for the entire year, assuming dividends were reinvested back into the index. For more information on the fund’s best picks in 2024, please check its top five holdings.
In its fourth quarter 2024 investor letter, JDP Capital Management emphasized stocks such as CrossingBridge Advisors, LLC (OTC:ENDI). CrossingBridge Advisors, LLC (OTC:ENDI) is an investment manager that offers services to investment companies. The one-month return of CrossingBridge Advisors, LLC (OTC:ENDI) was -0.78%, and its shares gained 160.78% of their value over the last 52 weeks. On March 31, 2025, CrossingBridge Advisors, LLC (OTC:ENDI) stock closed at $12.70 per share with a market capitalization of $66.935 million.
JDP Capital Management stated the following regarding CrossingBridge Advisors, LLC (OTC:ENDI) in its Q4 2024 investor letter:
We have a basket of small positions in stocks with very asymmetric upside potential if they work out. The companies are small, often unknown, and purchased on a deep value basis because execution risk is high. Our last big win from this group was Indivior PLC which was a multi-bagger we exited in 2022.
The idea in this basket that I am most excited about today is CrossingBridge Advisors, LLC (OTC:ENDI). It has been a while since I wrote about ENDI, but the company’s growth in 2024 is worth bringing up.
ENDI’s core business is an asset management firm managing a family of fixed income funds with $3.3 billion of assets under management (AUM). After the 2022 merger with CrossingBridge, ENDI is managed by its 50% shareholder David Sherman. Prior to founding CrossingBridge, David played an important role in the early days of the famous Leucadia National Corp, now Jefferies Financial. …” (Click here to read the full text)
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CrossingBridge Advisors, LLC (OTC:ENDI) is not on our list of 30 Most Popular Stocks Among Hedge Funds. While we acknowledge the potential of CrossingBridge Advisors, LLC (OTC:ENDI) 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 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.