Parnassus Growth Equity Fund Sold Its Stake in Adyen N.V. (ADYEY)
In its first-quarter 2025 investor letter, Parnassus Growth Equity Fund highlighted stocks such as Adyen N.V. (OTC:ADYEY). Based in Amsterdam, the Netherlands, Adyen N.V. (OTC:ADYEY) is a payments platform. The one-month return of Adyen N.V. (OTC:ADYEY) was -2.90%, and its shares gained 53.88% of their value over the last 52 weeks. On June 27, 2025, Adyen N.V. (OTC:ADYEY) stock closed at $18.38 per share, with a market capitalization of $58.18 billion.
Parnassus Growth Equity Fund stated the following regarding Adyen N.V. (OTC:ADYEY) in its Q1 2025 investor letter:
"We remain overweight in Financials despite selling two positions—MSCI and Adyen N.V. (OTC:ADYEY)—and deploying the proceeds to higher-conviction ideas. Adyen stock had risen since our 2023 purchase, but with no significant improvement in competition, we expect future upside to be limited. We sold the profitable position and redeployed capital to Brown & Brown for its defensive characteristics."
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Adyen N.V. (OTC:ADYEY) is not on our list of 30 Most Popular Stocks Among Hedge Funds. While we acknowledge the potential of Adyen N.V. (OTC:ADYEY) 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 undervalued AI stock set for massive gains.
In addition, please check out our hedge fund investor letters Q1 2025 page for more investor letters from hedge funds and other leading investors. While we acknowledge the potential of ADYEY as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money.
Disclosure: None. This article is originally published at Insider Monkey.
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