Bonsai Partners, an investment management company, released its second quarter 2022 investor letter. A copy of the same can be downloaded here. The fund declined by -17.4% net of fees in the second quarter and it returned -32% net return year to date. During the quarter, the S&P 500 Total Return Index declined by -16.1%. The fund’s net annualized return since inception is 29.4%, which indicates that it can deliver attractive returns in the long run. For more information on the fund’s top picks in 2022, please check its top five holdings.
In the letter, Bonsai Partners discussed the stocks like XPEL, Inc. (NASDAQ:XPEL). Headquartered in San Antonio, Texas, XPEL, Inc. (NASDAQ:XPEL) engages in the business of aftermarket automotive products including protective films and coatings. The stock of XPEL, Inc. (NASDAQ:XPEL) closed at $80.33 per share on August 11, 2022. One-month return of XPEL, Inc. (NASDAQ:XPEL) rose to 45.03% and its shares gained 6.33% of their value over the last 52 weeks. XPEL, Inc. (NASDAQ:XPEL) has a market capitalization of $2.218 billion.
Here is what Bonsai Partners specifically said about XPEL, Inc. (NASDAQ:XPEL):
“XPEL, Inc. (NASDAQ:XPEL) is a provider of high-performance automotive and architectural films. XPEL’s films protect painted automotive surfaces as well as add tint to automotive and architectural windows. Paint protection film (PPF) represents a majority of XPEL’s sales.
XPEL’s end customers buy paint protection film to protect their cars from chips and scuffs caused by rocks and other debris. Rather than repaint a car’s front end multiple times over its life, PPF offers an invisible layer of protection that absorbs these impacts to ensure a vehicle looks like new. Although customer awareness of PPF is still relatively low, the PPF market rapidly expanded over the past five years due to improved product performance and customer adoption reaching a tipping point.
Anyone who takes pride in the appearance of their vehicle is a potential customer of PPF. While protection film initially gained traction in high-end cars, today, some of XPEL’s most common installations include mass-market models such as Toyota Corolla and Ford F-150…(Click here to read more)”
PATIWIT HONGSANG/Shutterstock.com
XPEL, Inc. (NASDAQ:XPEL) is not on the list of 30 Most Popular Stocks Among Hedge Funds. As per our database, XPEL, Inc. (NASDAQ:XPEL) was held by 13 hedge fund portfolios at the end of the first quarter, which was 20 in the previous quarter.
We discussed XPEL, Inc. (NASDAQ:XPEL) in another article and shared Alta Fox Capital’s views about the company. You can check our hedge fund investor letters Q2 2022 page for more investor letters from hedge funds and other prominent investors.
Disclosure: None. This article is originally published at Insider Monkey.
When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.
Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.
At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.
Do the math. According to Musk, this technology could be worth $250 trillion by 2040.
Put another way, that’s roughly equal to:
175 Teslas
107 Amazons
140 Metas
84 Googles
65 Microsofts
And 55 Nvidias
And here’s the wild part — this $250 trillion wave isn’t tied to one company, but to an entire ecosystem of AI innovators set to reshape the global economy.
It’s a leap so massive, it could reshape how businesses, governments, and consumers operate worldwide.
Even if that $250 trillion figure sounds ambitious, major firms like PwC and McKinsey still see AI unlocking multi-trillion-dollar potential.
How could anything be worth that much?
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In fact, Verge argues this company’s supercheap AI technology should concern rivals.
Before I reveal the details, let’s talk about how some of the richest people on the planet are positioning themselves.
Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.
When billionaires from Silicon Valley to Wall Street line up behind the same idea — you know it’s worth paying attention to.
Even as we admire what Tesla, Nvidia, Alphabet, and Microsoft have built, we believe an even greater opportunity lies elsewhere…
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