Montaka Global Investments, an investment management company, released its fourth quarter 2024 investor letter. A copy of the letter can be downloaded here. All of the companies in Motaka’s portfolio have significant and growing competitive advantages, which aligns with the firm’s investment strategy. All of them are situated within advantageous tailwinds and structural changes. Furthermore, they continue to be substantially undervalued despite recent great stock price performance. Montaka’s investee companies account for 75% of Montaka’s total portfolio and yearly portfolio turnover is roughly 25% (representing ~4 year holding period, on average). In addition, please check the fund’s top five holdings to know its best picks in 2024.
Montaka Global Investments highlighted stocks like Blackstone Inc. (NYSE:BX), in the fourth quarter 2024 investor letter. Blackstone Inc. (NYSE:BX) is one of the largest alternative asset management firms specializing in real estate, private equity, hedge fund solutions, credit, secondary funds of funds, public debt and equity and multi-asset class strategies. The one-month return of Blackstone Inc. (NYSE:BX) was 3.58%, and its shares gained 48.00% of their value over the last 52 weeks. On January 22, 2024, Blackstone Inc. (NYSE:BX) stock closed at $182.77 per share with a market capitalization of $221.68 billion.
Montaka Global Investments stated the following regarding Blackstone Inc. (NYSE:BX) in its Q4 2024 investor letter:
“With a collective US$1.7 trillion in assets under management, and with access to the best talent, capital, and deals all around the world, Blackstone Inc. (NYSE:BX) and KKR, two of Montaka’s largest holdings, are highly advantaged alternative asset managers.
They are uniquely positioned to benefit from three structural tailwinds that have commenced:
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The structural growth in Asian wealth combined with increasing allocation to alts in the region;
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The structural growth in US$85 trillion global private wealth allocations to alts; and
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The increasing strategic partnerships between insurers and alts managers, which unlocks access to manage the US$30+ trillion assets of the insurance industry…” (Click here to read the full text)
A financial advisor discussing investment strategies with a client in a modern office setting.
Blackstone Inc. (NYSE:BX) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 50 hedge fund portfolios held Blackstone Inc. (NYSE:BX) at the end of the third quarter which was 58 in the previous quarter. While we acknowledge the potential of Blackstone Inc. (NYSE:BX) 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 Blackstone Inc. (NYSE:BX) and shared Jim Cramer’s bold predictions about financial stocks. In the Q3 2024 investor letter, Montaka Global Investments shared that it expects Blackstone Inc. (NYSE:BX) to benefit from the growing ‘alts’ space. 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.