Vltava Fund, an investment management company, recently released its fourth-quarter 2024 investor letter. A copy of the letter can be downloaded here. It has been 16 years since the fund transitioned from its initial investment strategy to the current one. Throughout this entire time, the fund has achieved an average annual return of 12%. The letter discussed about the book Hidden Investment Treasures by Daniel Gladiš. The investment cases outlined in Hidden Investment Treasures account for over 80% of Vltava Fund’s current portfolio. This document offers a thorough and detailed overview of the fund’s joint holdings and the reasons behind investment choices. In addition, please check the fund’s top five holdings to know its best picks in 2024.
Vltava Fund highlighted stocks like Williams-Sonoma, Inc. (NYSE:WSM), in the fourth quarter 2024 investor letter. Williams-Sonoma, Inc. (NYSE:WSM) is an omni-channel specialty retailer of various products for home. The one-month return of Williams-Sonoma, Inc. (NYSE:WSM) was 4.62%, and its shares lost 96.63% of their value over the last 52 weeks. On January 7, 2025, Williams-Sonoma, Inc. (NYSE:WSM) stock closed at $195.37 per share with a market capitalization of $24.05 billion.
Vltava Fund stated the following regarding Williams-Sonoma, Inc. (NYSE:WSM) in its Q4 2024 investor letter:
“Other transactions in our portfolio include sale of the majority of Williams-Sonoma, Inc. (NYSE:WSM) shares. Their price has more than tripled since the summer of 2023 and we therefore decided to take away a large profit. Thanks to this sale, we also have cash ready to invest into other investment opportunities that this year will bring. Our cash position is in fact even larger than it would appear when looking at our portfolio if one addsin also the large amount of cash held inside our biggest long-term position, that of Berkshire Hathaway. It constitutes about 30% of the company’s total assets. At the same time, it reduces this investment’s risk and increases the capacity to take advantage of good investment opportunities during market downturns. We like this combination very much.”
An interior of a modern home with a wide selection of cookware, tools and cutlery on display.
Williams-Sonoma, Inc. (NYSE:WSM) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 35 hedge fund portfolios held Williams-Sonoma, Inc. (NYSE:WSM) at the end of the third quarter which was 39 in the previous quarter. In the third quarter, Williams-Sonoma, Inc. (NYSE:WSM) generated $1.8 billion in revenues, which was above the guidance range. While we acknowledge the potential of Williams-Sonoma, Inc. (NYSE:WSM) 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 another article, we discussed Williams-Sonoma, Inc. (NYSE:WSM) and shared the list of best dividend stocks to buy in January. 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.