Underweight Tesla (TSLA) Exposure Impacted Aristotle Atlantic Large Cap Growth Strategy’s Performance

Aristotle Atlantic Partners, LLC, an investment advisor, released its “Large Cap Growth Strategy” fourth quarter 2024 investor letter. A copy of the letter can be downloaded here. The U.S. stock market wrapped up the year positively, as the S&P 500 Index increased by 2.41% in the quarter while the Bloomberg U.S. Aggregate Bond Index declined, falling 3.06% for the quarter. In the fourth quarter, Aristotle Atlantic’s Large Cap Growth Strategy delivered 6.29% gross of fees (6.15% net of fees) underperforming the Russell 1000 Growth Index’s 7.07% return. Both Security selection and...