RS Concentrated All Cap Value Strategy’s Q3 2024 Investor Letter

RS Investments, an investment management company, released its “RS Concentrated All Cap Value Strategy” third quarter 2024 investor letter. During the third quarter, the rally of the year persisted, with the broad market, indicated by the S&P 500® Index, posting nearly a 6% return. This brings the total return to over 22% for the first three quarters of the year. However, there has been a shift in market breadth. In the third quarter, the strategy underperformed its benchmark Russell 3000® Value Index (the “Index”) and returned 7.4% net versus a return of 9.5% for the Index. The strong performance from stock selection in Consumer Staples and Financials aided relative performance in the quarter, while stock selection in Information Technology and Health Care detracted. In addition, you can check the fund’s top 5 holdings to determine its best picks for 2024.

A copy of RS Concentrated All Cap Value Strategy’s Q3 2024 investor letter can be downloaded here.