1. Invesco Ltd. (NYSE:IVZ)
Number of Hedge Fund Holders as of Q4: 39
Zweig-DiMenna Associates’ Equity Stake: $153.37 Million
Founded in 1935, Invesco Ltd. (NYSE:IVZ) is an independent investment management firm headquartered in Atlanta, Georgia, with a global presence in over 20 countries. The company operates under the Invesco, Invesco Perpetual, and PowerShares brands, offering a diverse range of financial services. The company is a recent addition to Joe DiMenna’s portfolio, with the hedge fund acquiring shares for the first time in Q4 2024. Despite being a new holding, Zweig-DiMenna Associates invested significantly, purchasing 300,000 shares valued at $153.37 million, making it the most valuable position in the fund’s 13F holdings for the quarter ending in December 2024.
On February 20, 2025, Invesco Ltd. (NYSE:IVZ) introduced the Invesco SteelPath MLP & Energy Infrastructure ETF (PIPE), an actively managed fund providing exposure to energy infrastructure equities and midstream Master Limited Partnerships (MLPs). PIPE aims to capitalize on growing global energy demand by investing in companies involved in gathering, processing, transporting, and storing hydrocarbons, benefiting from a fee-based revenue model with strong distribution potential. According to Brian Hartigan, Global Head of ETFs & Index Investments, the fund leverages Invesco’s expertise to expand its high-demand offerings. With a strong track record in midstream investments since 2004, Invesco continues to develop innovative strategies tailored to evolving market trends, reinforcing its commitment to delivering unique investment opportunities.
In the fourth quarter of 2024, Invesco Ltd. (NYSE:IVZ) reported robust financial growth, with revenue climbing 12.7% year-over-year to $1.59 billion. Net income experienced a substantial rise, reaching $268.5 million, an increase of 139.31% compared to the same period in 2023. Operating profit improved by 86.76%, totaling $311.7 million, reflecting enhanced efficiency and higher margins. Additionally, the company announced earnings per share (EPS) of $0.52, exceeding analyst expectations of $0.48 by 8.6%. Invesco’s strong financial performance highlights its operational efficiency and profitability.
Overall, Invesco Ltd. (NYSE:IVZ) ranks first on our list of the top 10 stocks to buy according to Zweig-DiMenna Associates. While we acknowledge the potential for IVZ as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than IVZ but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
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