Cooper Investors, an investment management firm, released its “Cooper Investors Global Equities Fund (Unhedged)” fourth quarter 2024 investor letter. A copy of the letter can be downloaded here. The fund returned 11.19% in the fourth quarter, compared to a 10.94% return for the MSCI AC World Index Net Divs in Australian benchmark. In addition, please check the fund’s top five holdings to know its best picks in 2024.
Cooper Investors Global Equities Fund highlighted stocks like Ryan Specialty Holdings, Inc. (NYSE:RYAN) in the fourth quarter 2024 investor letter. Ryan Specialty Holdings, Inc. (NYSE:RYAN) offers service provider of specialty products and solutions for insurance brokers, agents, and carriers. One-month return of Ryan Specialty Holdings, Inc. (NYSE:RYAN) was 3.49%, and its shares gained 50.62% of their value over the last 52 weeks. On January 21, 2025, Ryan Specialty Holdings, Inc. (NYSE:RYAN) stock closed at $66.74 per share with a market capitalization of $17.47 billion.
Cooper Investors Global Equities Fund stated the following regarding Ryan Specialty Holdings, Inc. (NYSE:RYAN) in its Q4 2024 investor letter:
“One of the Fund’s larger investments is in US based wholesale insurance broker Ryan Specialty Holdings, Inc. (NYSE:RYAN).
RYAN was founded in 2010 by Pat Ryan who is very familiar to us at Cooper Investors; the Global Fund was a long-term shareholder of another firm Pa founded, Aon Corporation.
Pat’s career started as offering insurance directly to customers of his father’s Ford dealership and by his mid-20s he had formed his own firm focusing on this endeavour. Within seven years had taken the company public and would ultimately grow it into one of the world’s leading insurance brokers being Aon.
Pat left Aon in 2008 and a couple of years later started RYAN. It was at this time that Pat convinced Tim Turner (who was running leading wholesale broker CRC at the time) to join him. Pat and Tim are a “dynamic duo” with deep domain expertise and passion for talent development, customer service and winning. Over the last decade or so together they have grown RYAN into the second largest wholesale insurance broker.
RYAN listed in 2021 and in October of this year Pat moved to the Executive Chairman role with Tim taking over as CEO. Pat and his family own roughly half of the company today…” (Click here to read the full text)
A portrait of a professional insurance broker at their desk, reviewing a policy.
Ryan Specialty Holdings, Inc. (NYSE:RYAN) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 29 hedge fund portfolios held Ryan Specialty Holdings, Inc. (NYSE:RYAN) at the end of the third quarter which was 20 in the previous quarter. In the third quarter, Ryan Specialty Holdings, Inc.’s (NYSE:RYAN) total revenue increased 20.5% period-over-period to $605 million. While we acknowledge the potential of Ryan Specialty Holdings, Inc. (NYSE:RYAN) 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 previously discussed Ryan Specialty Holdings, Inc. (NYSE:RYAN) in another article, where we shared the list of best insurance brokerage stocks to invest in. In addition, please check out our hedge fund investor letters Q4 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.