The London Company, an investment management company, released “The London Company SMID Cap Strategy” fourth quarter 2024 investor letter. A copy of the letter can be downloaded here. U.S. equities traded higher during the fourth quarter, with most of the major indices posting positive gains. Economic data released during the quarter was positive, though somewhat inconsistent. The portfolio returned 1.9% (1.7%, net) in the quarter compared to a 0.6% increase for the Russell 2500 Index. Both stock selection and sector exposure led the portfolio to outperform in the quarter. For more information on the fund’s top picks in 2024, please check its top five holdings.
In its fourth quarter 2024 investor letter, The London Company SMID Cap Strategy emphasized stocks such as CCC Intelligent Solutions Holdings Inc. (NASDAQ:CCCS). CCC Intelligent Solutions Holdings Inc. (NASDAQ:CCCS) is a software-as-a-service company for the P&C insurance economy. The one-month return of CCC Intelligent Solutions Holdings Inc. (NASDAQ:CCCS) was -7.46%, and its shares lost 11.21% of their value over the last 52 weeks. On February 25, 2025, CCC Intelligent Solutions Holdings Inc. (NASDAQ:CCCS) stock closed at $10.30 per share with a market capitalization of $6.76 billion.
The London Company SMID Cap Strategy stated the following regarding CCC Intelligent Solutions Holdings Inc. (NASDAQ:CCCS) in its Q4 2024 investor letter:
“Initiated: CCC Intelligent Solutions Holdings Inc. (NASDAQ:CCCS) – CCCS provides software solutions for the property and casualty insurance industry, with a focus on automotive claims. Its platform connects repair shops, parts suppliers, and insurers, processing over $100 billion in annual claims data. CCCS commands a dominant market share, handling over 80% of U.S. auto claims, and leverages scale, network effects, and high customer retention to maintain its competitive edge. With a SaaS-based model, CCCS drives durable growth, strong margins, and recurring revenues.”
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CCC Intelligent Solutions Holdings Inc. (NASDAQ:CCCS) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 26 hedge fund portfolios held CCC Intelligent Solutions Holdings Inc. (NASDAQ:CCCS) at the end of the fourth quarter compared to 20 in the third quarter. While we acknowledge the potential of CCC Intelligent Solutions Holdings Inc. (NASDAQ:CCCS) 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 CCC Intelligent Solutions Holdings Inc. (NASDAQ:CCCS) and shared AI headlines you shouldn’t miss. 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.