Rogue Funds, an investment management company, released its fourth quarter 2024 investor letter. A copy of the letter can be downloaded here. The fund returned 8.59% net of fees in the quarter. This quarter, the Fund’s volatility has increased significantly, and the firm anticipates that it will continue to do so. 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, Rogue Funds emphasized stocks such as RADCOM Ltd. (NASDAQ:RDCM). RADCOM Ltd. (NASDAQ:RDCM) offers 5G ready cloud-native, network intelligence, and service assurance solutions. The one-month return of RADCOM Ltd. (NASDAQ:RDCM) was -4.16%, and its shares gained 32.38% of their value over the last 52 weeks. On February 14, 2025, RADCOM Ltd. (NASDAQ:RDCM) stock closed at $13.49 per share with a market capitalization of $211.28 million.
Rogue Funds stated the following regarding RADCOM Ltd. (NASDAQ:RDCM) in its Q4 2024 investor letter:
“RADCOM Ltd. (NASDAQ:RDCM) risk factors include a new CEO risk and a pile of cash that I believe will be spent on an acquisition (or acquisitions) leading to an increase in execution risk. These in combination will decide the fate of the company in the future. I believe that RADCOM could be an interesting opportunity to go forward but despite this, we mainly sold for the opportunity cost of new positions. This position was essentially flat when we sold it and there was no upside or downside to selling when we did. This is a position we might take on again in the future depending on the performance of the CEO and the new acquisition/s. They continue to snatch large contracts but none of that matters much until they get rid of their pile of cash. Their valuation is still very friendly in my eyes.”
A professional technician using specialized tools to maintain a modern 5G cell tower.
RADCOM Ltd. (NASDAQ:RDCM) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 7 hedge fund portfolios held RADCOM Ltd. (NASDAQ:RDCM) at the end of the third quarter which was 5 in the previous quarter. While we acknowledge the potential of RADCOM Ltd. (NASDAQ:RDCM) 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 RADCOM Ltd. (NASDAQ:RDCM) and shared the list of latest AI news and ratings on investors’ radar. Despite a change in leadership, Rogue Funds expressed its positive outlook on RADCOM Ltd. (NASDAQ:RDCM) in the previous quarter investor letter. 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.