O’keefe Stevens Advisory, an investment advisory firm, released its fourth-quarter 2024 investor letter. A copy of the letter can be downloaded here. 2024 was an eventful year for the fund, and its largest position, Nvidia (NVDA), grew over 170% as business remained robust. The 2024 results were satisfactory, with Nvidia and Fannie Mae (FNMA & FNMAS) showing positive performance, while Warner Brothers Discovery (WBD), Graftech (EAF), and GreenFirst Forest Products (ICLTF) significantly underperformed. In addition, please check the top 5 holdings of the strategy to know its best pick in 2024.
In its fourth quarter 2024 investor letter, O’keefe Stevens Advisory emphasized stocks such as Donnelley Financial Solutions, Inc. (NYSE:DFIN). Donnelley Financial Solutions, Inc. (NYSE:DFIN) is a technology company that offers innovative software and technology-enabled financial regulatory and compliance solutions. The one-month return Donnelley Financial Solutions, Inc. (NYSE:DFIN) was 16.95%, and its shares gained 4.99% of their value over the last 52 weeks. On February 6, 2024, Donnelley Financial Solutions, Inc. (NYSE:DFIN) stock closed at $69.18 per share, with a market capitalization of $2 billion.
O’keefe Stevens Advisory stated the following regarding Donnelley Financial Solutions, Inc. (NYSE:DFIN) in its Q4 2024 investor letter:
“Donnelley Financial Solutions, Inc. (NYSE:DFIN) is a market leader providing compliance, regulatory, and transaction-related solutions to corporations and investment companies. It operates two main segments:
Capital Markets (68% of TTM revenue) – Services include IPO filings, M&A support, and ongoing compliance solutions.
Investment Companies (32% of TTM revenue) – Aids investment management firms (mutual funds, ETFs, and alternative investments) with ongoing regulatory filing requirements.
Unlike competitors offering only partial services, DFIN stands out as an end-to-end provider with solutions encompassing a business’s lifecycle…” (Click here to read the full text)
A woman in a suit and tie on a platform, speaking to shareholders about the latest contract analysis and SEC compliance solutions.
Donnelley Financial Solutions, Inc. (NYSE:DFIN) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 23 hedge fund portfolios held Donnelley Financial Solutions, Inc. (NYSE:DFIN) at the end of the third quarter which was 24 in the previous quarter. While we acknowledge the potential of Donnelley Financial Solutions, Inc. (NYSE:DFIN) 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 Donnelley Financial Solutions, Inc. (NYSE:DFIN) and shared the list of most profitable small-cap stocks to invest in. 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.