Aristotle Capital Boston, LLC, an investment advisor, released its “Small Cap Equity Strategy” second quarter 2024 investor letter. A copy of the letter can be downloaded here. In the second quarter, the fund delivered a return of -1.56% net of fees (-1.41% gross of fees) outperforming the Russell 2000 Index’s -3.28% total return. Security selection drove the outperformance while allocation effects also contributed. For more information on the fund’s best picks in 2024, please check its top five holdings.
Aristotle Small Cap Equity Strategy highlighted stocks like Littelfuse, Inc. (NASDAQ:LFUS) in its Q2 2024 investor letter. Littelfuse, Inc. (NASDAQ:LFUS) designs, manufactures, and sells electronic components, modules, and subassemblies. The one-month return of Littelfuse, Inc. (NASDAQ:LFUS) was 1.73%, and its shares lost 13.72% of their value over the last 52 weeks. On July 26, 2024, Littelfuse, Inc. (NASDAQ:LFUS) stock closed at $260.01 per share with a market capitalization of $6.444 billion.
Aristotle Small Cap Equity Strategy stated the following regarding Littelfuse, Inc. (NASDAQ:LFUS) in its Q2 2024 investor letter:
“Littelfuse, Inc. (NASDAQ:LFUS), a designer and manufacturer of circuit protection, power control, and sensing products for the automotive, industrial, medical, and consumer end markets, was added to the portfolio. We believe the company’s dominant position in circuit protection and growing presence in automotive sensors and power semiconductors/components should benefit from ongoing efforts to solve power control and connection problems between the digital and physical worlds.”
A close-up of a technician’s hands installing a circuit protection device.
Littelfuse, Inc. (NASDAQ:LFUS) is not on our list of 31 Most Popular Stocks Among Hedge Funds. As per our database, 36 hedge fund portfolios held Littelfuse, Inc. (NASDAQ:LFUS) at the end of the first quarter which was 22 in the previous quarter. In the quarter, Littelfuse, Inc.’s (NASDAQ:LFUS) revenue amounted to $535 million, marking a 12% decline from the previous year in both total and organic terms. While we acknowledge the potential of Littelfuse, Inc. (NASDAQ:LFUS) 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 Littelfuse, Inc. (NASDAQ:LFUS) and shared the list of best under-the-radar AI stocks hedge funds are buying. In addition, please check out our hedge fund investor letters Q2 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.
