Here’s Why Upslope Capital Management Exited its Stake in AptarGroup (ATR)

Upslope Capital Management, an investment management firm, released its first-quarter 2025 investor letter. A copy of the letter can be downloaded here. The First quarter was challenging for the fund. However, the world has transformed in the two weeks since March 31, due to a drastic realignment of international trade rules. As a result, markets are now more in line with Upslope’s strategy and portfolio. The fund returned -5.1% (net) in Q1 compared to -6.1% and +0.2% for the S&P Midcap 400 ETF (MDY) and HFRX Equity Hedge Index, respectively. In addition, you can check the fund’s top 5 holdings to determine its best picks for 2025.

In its first-quarter 2025 investor letter, Upslope Capital Management highlighted stocks such as AptarGroup, Inc. (NYSE:ATR). AptarGroup, Inc. (NYSE:ATR) manufactures a range of drug delivery, consumer product dispensing, and active material science solutions and services. The one-month return of AptarGroup, Inc. (NYSE:ATR) was -3.15%, and its shares gained 1.73% of their value over the last 52 weeks. On April 21, 2025, AptarGroup, Inc. (NYSE:ATR) stock closed at $142.58 per share with a market capitalization of $9.488 billion.

Upslope Capital Management stated the following regarding AptarGroup, Inc. (NYSE:ATR) in its Q1 2025 investor letter:

“AptarGroup, Inc. (NYSE:ATR) (ATR, specialty pharmaceutical and food/bev packaging business) – the Fund exited Aptar after owning shares nearly since inception. This wasn’t a hard thesis break, but I sold due to continued management malaise and significantly better opportunities elsewhere due to recent market dislocations.”

A close-up of a technician inspecting and testing a dispensing closure component.

AptarGroup, Inc. (NYSE:ATR) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 29 hedge fund portfolios held AptarGroup, Inc. (NYSE:ATR) at the end of the fourth quarter which was 23 in the previous quarter. While we acknowledge the potential of AptarGroup, Inc. (NYSE:ATR) 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 covered AptarGroup, Inc. (NYSE:ATR) and shared the list of best boring stocks to buy. In addition, please check out our hedge fund investor letters Q1 2025 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.