Maran Capital Management: Investors Are Still Getting a Handle on Horizon Kinetics Holding Corporation (HKHC)

Investment management company Maran Capital Management recently released its fourth-quarter 2024 investor letter. A copy of the letter can be downloaded here.  Maran Partners Fund returned +6.4% net of all fees and expenses in the fourth quarter, which makes the yearly returns +16.0% net. The partnership compounded at a rate greater than 14% annually net, over the past five years, just slightly less than a “five-year double.” In addition, you can check the fund’s top 5 holdings to determine its best picks for 2024.

Maran Capital Management highlighted stocks like Horizon Kinetics Holding Corporation (OTC:HKHC), in the fourth quarter 2024 investor letter. Horizon Kinetics Holding Corporation (OTC:HKHC) is an employee-owned investment manager. The one-month return of Horizon Kinetics Holding Corporation (OTC:HKHC) was 4.52%, and its shares gained 105.56% of their value over the last 52 weeks. On January 29, 2024, Horizon Kinetics Holding Corporation (OTC:HKHC) stock closed at $37.00 per share with a market capitalization of $689.469 million.

Maran Capital Management stated the following regarding Horizon Kinetics Holding Corporation (OTC:HKHC) in its Q4 2024 investor letter:

“Horizon Kinetics Holding Corporation (OTC:HKHC) is fairly new to the public markets, so investors are still getting a handle on the business. It hosted its first quarterly public call in November, a replay of which can be found here. The company will continue to share its story and strategy this year via quarterly calls and other investor touchpoints.

Horizon’s policy is one of transparency. As CEO Murray Stahl stated on the last investor call, “When we answer questions, what I propose to do is we’re going to answer every question that we get. So if you are wondering about something, don’t hesitate to ask it.” You are all welcome to join the next HKHC call and ask any questions you have. The more the merrier.”

Horizon Kinetics Holding Corporation (OTC:HKHC) is not on our list of 30 Most Popular Stocks Among Hedge Funds. While we acknowledge the potential of Horizon Kinetics Holding Corporation (OTC:HKHC) 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 Q3 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.