Sands Capital, an investment management company, released its “Sands Capital Technology Innovators Fund” Q4 2024 investor letter. A copy of the same can be downloaded here. Technology Innovators focus on pioneering businesses worldwide that serve as key drivers or beneficiaries of significant long-term changes driven by technology. The fund returned 5.5% (net) in the fourth quarter compared to 4.4% return for the benchmark, MSCI ACWI Info Tech and Communication Services Index. The fund returned 37.7% over the one year period compared to 31.6 % return for the Index. You can check the fund’s top 5 holdings to know more about its best picks for 2024.
In its fourth quarter 2024 investor letter, Sands Capital Select Technology Innovators Fund emphasized stocks such as CrowdStrike Holdings, Inc. (NASDAQ:CRWD). CrowdStrike Holdings, Inc. (NASDAQ:CRWD) is a global cyber security solutions provider. The one-month return of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) was -0.84%, and its shares gained 13.23% of their value over the last 52 weeks. On April 1, 2025, CrowdStrike Holdings, Inc. (NASDAQ:CRWD) stock closed at $362.38 per share with a market capitalization of $89.824 billion.
Sands Capital Technology Innovators Fund stated the following regarding CrowdStrike Holdings, Inc. (NASDAQ:CRWD) in its Q4 2024 investor letter:
“CrowdStrike Holdings, Inc. (NASDAQ:CRWD) is the market-share leading provider of cloud-native cybersecurity tools. The business was founded in 2011 as an endpoint detection response vendor and disrupted a group of incumbents, often owned by private equity or large conglomerates, that failed to innovate. It has since grown its cloud-native set of endpoint security solutions to include antivirus software, threat detection, and device management and patching tools. We view endpoint security as an attractive market, due to its mission-critical nature, large size, and accelerating growth, enabled by the emergence of modern cloud based solutions. Over our five-year horizon, we expect Crowdstrike to sustain above-average earnings growth as it seeks to displace legacy endpoint security vendors to gain share, expands its product offerings with existing customers, and gains traction in newer and emerging capabilities.”
Security personnel at their consoles, monitoring a global network of threats in real-time.
CrowdStrike Holdings, Inc. (NASDAQ:CRWD) is in not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 77 hedge fund portfolios held CrowdStrike Holdings, Inc. (NASDAQ:CRWD) at the end of the fourth quarter which was 74 in the previous quarter. In the third quarter of fiscal 2025, CrowdStrike Holdings, Inc.’s (NASDAQ:CRWD) subscription revenue grew 31% year-over-year and total revenue exceeded $1 billion. While we acknowledge the potential of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) 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.
We covered CrowdStrike Holdings, Inc. (NASDAQ:CRWD) in another article, where we shared the list of AI stocks dominating the news this week. 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.