Polen Global Growth Strategy Sold LVMH Moët Hennessy – Louis Vuitton, Société Européenne (LVMUY) as its Business Momentum Started to Revert

Polen Capital, an investment management company, released its “Polen Global Growth Strategy” fourth-quarter 2024 investor letter. A copy of the letter can be downloaded here. Over the past two years, global equities (2023-2024) showed a historic +45% cumulative return as per the MSCI ACWI Index (the “Index”), emphasizing market unpredictability and the futility of macroeconomic projections. The Strategy returned 2.58% gross (2.27% net) in the quarter compared to the MSCI ACW Index’s -0.99% return. In addition, please check the fund’s top five holdings to know its best picks in 2024.

In its fourth quarter 2024 investor letter, Polen Global Growth Strategy emphasized stocks such as LVMH Moët Hennessy – Louis Vuitton, Société Européenne (OTC:LVMUY). LVMH Moët Hennessy – Louis Vuitton, Société Européenne (OTC:LVMUY) is a luxury goods company. The one-month return of LVMH Moët Hennessy – Louis Vuitton, Société Européenne (OTC:LVMUY) was -9.22%, and its shares lost 25.51% of their value over the last 52 weeks.  On March 18, 2025, LVMH Moët Hennessy – Louis Vuitton, Société Européenne (OTC:LVMUY) stock closed at $133.66 per share with a market capitalization of $333.595 billion.

Polen Global Growth Strategy stated the following regarding LVMH Moët Hennessy – Louis Vuitton, Société Européenne (OTC:LVMUY) in its Q4 2024 investor letter:

“By contrast, we eliminated our positions in LVMH Moët Hennessy – Louis Vuitton, Société Européenne (OTC:LVMUY) and CSL. After several banner years, LVMH’s business momentum is starting to revert, with sales growth declining for the first time since COVID. With large exposure to consumer discretionary spending and a weakening Chinese consumer, we felt it best to move to the sidelines for now after trimming back the position earlier in the year. LVMH remains a high-quality, global leader across the luxury space, and we will continue to watch the business closely.”

A stunning jewelry display with diamonds and gold, highlighting the company’s commitment to quality.

LVMH Moët Hennessy – Louis Vuitton, Société Européenne (OTC:LVMUY) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 2 hedge fund portfolios held LVMH Moët Hennessy – Louis Vuitton, Société Européenne (OTC:LVMUY) at the end of the fourth quarter which was 1 in the previous quarter. While we acknowledge the potential of LVMH Moët Hennessy – Louis Vuitton, Société Européenne (OTC:LVMUY) 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 Q4 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.