Latest news with #WeitzInvestmentManagement
Yahoo
26-05-2025
- Business
- Yahoo
Perimeter Solutions (PRM) Declined in Q1 Despite Strong Results
Weitz Investment Management, an investment management firm, released its 'Multi-Cap Equity Fund' first-quarter 2025 investor letter. A copy of the letter can be downloaded here. The fund's Institutional Class returned +0.81% in the first quarter compared to -4.72% for the Russell 3000. In late January, the 'AI Trade' faced a challenge when the Chinese company DeepSeek revealed that it had created an advanced AI model significantly lower cost than its U.S. counterparts. This announcement resulted in increased scrutiny from investors regarding the spending strategies of US firms. Investors' and corporate leaders' confidence is challenged by uncertainties related to trade and tariffs, which causes equities to decline as the quarter draws to a close. In addition, you can check the fund's top 5 holdings to find out its best picks for 2025. In its first-quarter 2025 investor letter, Weitz Multi-Cap Equity Fund highlighted stocks such as Perimeter Solutions, Inc. (NYSE:PRM). Founded in 1963, Perimeter Solutions, Inc. (NYSE:PRM) manufactures and distributes firefighting products and lubricant additives. The one-month return of Perimeter Solutions, Inc. (NYSE:PRM) was 15.00%, and its shares gained 54.75% of their value over the last 52 weeks. On May 23, 2025, Perimeter Solutions, Inc. (NYSE:PRM) stock closed at $11.73 per share with a market capitalization of $1.733 billion. Weitz Multi-Cap Equity Fund stated the following regarding Perimeter Solutions, Inc. (NYSE:PRM) in its Q1 2025 investor letter: "Perimeter Solutions, Inc. (NYSE:PRM) reported a strong fourth quarter, capping an above-average fire season, yet shares were down in 1Q. Investors are likely anticipating a reduced wildfire experience in 2025 and are expressing some skepticism over the announced, modest-sized acquisition of IMS Corp, a maker of niche printed circuit boards. While far afield of Perimeter's core business, management has long articulated a 'platform' approach to acquisitions, pursuing different business lines that meet their criteria and provide additional verticals for organic growth and bolt-on acquisitions." A close-up of a firefighter in full gear, monitoring a fire safety drill. Perimeter Solutions, Inc. (NYSE:PRM) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 37 hedge fund portfolios held Perimeter Solutions, Inc. (NYSE:PRM) at the end of the first quarter which was 31 in the previous quarter. Perimeter Solutions, Inc.'s (NYSE:PRM) first quarter consolidated sales increased 22% to $72 million. While we acknowledge the potential of Perimeter Solutions, Inc. (NYSE:PRM) 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 another article, we covered Perimeter Solutions, Inc. (NYSE:PRM) and shared the list of best small-cap chemical stocks to buy according to hedge funds. In addition, please check out our hedge fund investor letters Q1 2025 page for more investor letters from hedge funds and other leading investors. READ NEXT: Michael Burry Is Selling These Stocks and A New Dawn Is Coming to US Stocks. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
26-05-2025
- Business
- Yahoo
Perimeter Solutions (PRM) Declined Despite Strong Results
Weitz Investment Management, an investment management firm, released its 'Multi-Cap Equity Fund' first-quarter 2025 investor letter. A copy of the letter can be downloaded here. The fund's Institutional Class returned +0.81% in the first quarter compared to -4.72% for the Russell 3000. In late January, the 'AI Trade' faced a challenge when the Chinese company DeepSeek revealed that it had created an advanced AI model significantly lower cost than its U.S. counterparts. This announcement resulted in increased scrutiny from investors regarding the spending strategies of US firms. Investors' and corporate leaders' confidence is challenged by uncertainties related to trade and tariffs, which causes equities to decline as the quarter draws to a close. In addition, you can check the fund's top 5 holdings to find out its best picks for 2025. In its first-quarter 2025 investor letter, Weitz Multi-Cap Equity Fund highlighted stocks such as Perimeter Solutions, Inc. (NYSE:PRM). Founded in 1963, Perimeter Solutions, Inc. (NYSE:PRM) manufactures and distributes firefighting products and lubricant additives. The one-month return of Perimeter Solutions, Inc. (NYSE:PRM) was 15.00%, and its shares gained 54.75% of their value over the last 52 weeks. On May 23, 2025, Perimeter Solutions, Inc. (NYSE:PRM) stock closed at $11.73 per share with a market capitalization of $1.733 billion. Weitz Multi-Cap Equity Fund stated the following regarding Perimeter Solutions, Inc. (NYSE:PRM) in its Q1 2025 investor letter: "Perimeter Solutions, Inc. (NYSE:PRM) reported a strong fourth quarter, capping an above-average fire season, yet shares were down in 1Q. Investors are likely anticipating a reduced wildfire experience in 2025 and are expressing some skepticism over the announced, modest-sized acquisition of IMS Corp, a maker of niche printed circuit boards. While far afield of Perimeter's core business, management has long articulated a 'platform' approach to acquisitions, pursuing different business lines that meet their criteria and provide additional verticals for organic growth and bolt-on acquisitions." A close-up of a firefighter in full gear, monitoring a fire safety drill. Perimeter Solutions, Inc. (NYSE:PRM) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 37 hedge fund portfolios held Perimeter Solutions, Inc. (NYSE:PRM) at the end of the first quarter which was 31 in the previous quarter. Perimeter Solutions, Inc.'s (NYSE:PRM) first quarter consolidated sales increased 22% to $72 million. While we acknowledge the potential of Perimeter Solutions, Inc. (NYSE:PRM) 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 another article, we covered Perimeter Solutions, Inc. (NYSE:PRM) and shared the list of best small-cap chemical stocks to buy according to hedge funds. In addition, please check out our hedge fund investor letters Q1 2025 page for more investor letters from hedge funds and other leading investors. READ NEXT: Michael Burry Is Selling These Stocks and A New Dawn Is Coming to US Stocks. Disclosure: None. This article is originally published at Insider Monkey.
Yahoo
26-05-2025
- Business
- Yahoo
Alphabet (GOOG): Weitz Multi-Cap Equity Fund's Top Q1 Detractor
Weitz Investment Management, an investment management firm, released its 'Multi-Cap Equity Fund' first-quarter 2025 investor letter. A copy of the letter can be downloaded here. The fund's Institutional Class returned +0.81% in the first quarter compared to -4.72% for the Russell 3000. In late January, the 'AI Trade' faced a challenge when the Chinese company DeepSeek revealed that it had created an advanced AI model significantly lower cost than its U.S. counterparts. This announcement resulted in increased scrutiny from investors regarding the spending strategies of US firms. Investors' and corporate leaders' confidence is challenged by uncertainties related to trade and tariffs, which causes equities to decline as the quarter draws to a close. In addition, you can check the fund's top 5 holdings to find out its best picks for 2025. In its first-quarter 2025 investor letter, Weitz Multi-Cap Equity Fund highlighted stocks such as Alphabet Inc. (NASDAQ:GOOG). Alphabet Inc. (NASDAQ:GOOG), the parent company of Google, offers various platforms and services operating through Google Services, Google Cloud, and Other Bets segments. The one-month return of Alphabet Inc. (NASDAQ:GOOG) was 3.50%, and its shares lost 3.82% of their value over the last 52 weeks. On May 23, 2025, Alphabet Inc. (NASDAQ:GOOG) stock closed at $169.59 per share with a market capitalization of $2.05 trillion. Weitz Multi-Cap Equity Fund stated the following regarding Alphabet Inc. (NASDAQ:GOOG) in its Q1 2025 investor letter: "On the negative side of the ledger, Alphabet Inc. (NASDAQ:GOOG) was the Fund's top detractor. The company's Google unit is on the front lines of the 'Traditional Search vs. GenAI' battle. With its own GenAI capabilities embedded in Google Search results, it's helpful that Alphabet has a foot in each camp. Nevertheless, investors fear a significant shift of search share in favor of competitors, specifically ChatGPT. We believe the debate is far from settled and has overshadowed other strong businesses inside Alphabet (YouTube, to name one). We elected to reduce our position size early in the quarter to reflect the heightened competitive pressures." A laptop and phone open to Google's services in an everyday setting. Alphabet Inc. (NASDAQ:GOOG) is in 7th position on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 164 hedge fund portfolios held Alphabet Inc. (NASDAQ:GOOG) at the end of the first quarter which was 174 in the previous quarter. In the first quarter of 2025, Alphabet Inc. (NASDAQ: GOOG) achieved a revenue of $90.2 billion, representing an increase of 12% or 14% in constant currency. While we acknowledge the potential of Alphabet Inc. (NASDAQ:GOOG) 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 another article, we covered Alphabet Inc. (NASDAQ:GOOG) and shared ClearBridge Large Cap Value Strategy's views on the company. In addition, please check out our hedge fund investor letters Q1 2025 page for more investor letters from hedge funds and other leading investors. READ NEXT: Michael Burry Is Selling These Stocks and A New Dawn Is Coming to US Stocks. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Yahoo
26-05-2025
- Business
- Yahoo
Standout Earnings Lifted HEICO (HEI) in Q1
Weitz Investment Management, an investment management firm, released its 'Multi-Cap Equity Fund' first-quarter 2025 investor letter. A copy of the letter can be downloaded here. The fund's Institutional Class returned +0.81% in the first quarter compared to -4.72% for the Russell 3000. In late January, the 'AI Trade' faced a challenge when the Chinese company DeepSeek revealed that it had created an advanced AI model significantly lower cost than its U.S. counterparts. This announcement resulted in increased scrutiny from investors regarding the spending strategies of US firms. Investors' and corporate leaders' confidence is challenged by uncertainties related to trade and tariffs, which causes equities to decline as the quarter draws to a close. In addition, you can check the fund's top 5 holdings to find out its best picks for 2025. In its first-quarter 2025 investor letter, Weitz Multi-Cap Equity Fund highlighted stocks such as HEICO Corporation (NYSE:HEI). HEICO Corporation (NYSE:HEI-A) engages in the design and manufacturing of aerospace, defense, and electronic-related products and services. The one-month return of HEICO Corporation (NYSE:HEI) was 8.96%, and its shares gained 23.35% of their value over the last 52 weeks. On May 23, 2025, HEICO Corporation (NYSE:HEI) stock closed at $268.05 per share with a market capitalization of $32.496 billion. Weitz Multi-Cap Equity Fund stated the following regarding HEICO Corporation (NYSE:HEI) in its Q1 2025 investor letter: "Aerospace parts and services provider HEICO Corporation (NYSE:HEI) delivered standout earnings, featuring stronger-than-expected growth in both of its segments. HEICO's value proposition of saving customers money by adopting their cost-effective, alternative parts remains as relevant as ever, and we believe it will drive growth into the future." A fighter jet in formation, revealing the prowess of the companies defense arm. HEICO Corporation (NYSE:HEI) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 65 hedge fund portfolios held HEICO Corporation (NYSE:HEI) at the end of the first quarter which was 67 in the previous quarter. While we acknowledge the potential of HEICO Corporation (NYSE:HEI) 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. READ NEXT: Michael Burry Is Selling These Stocks and A New Dawn Is Coming to US Stocks. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Yahoo
28-02-2025
- Business
- Yahoo
Weitz Partners III Opportunity Fund Exited Old Dominion Freight Lines (ODFL) in 2024 on Share Price Appreciation
Weitz Investment Management, an investment management firm, released its 'Partners III Opportunity Fund' fourth-quarter 2024 investor letter. A copy of the letter can be downloaded here. The fund's Institutional Class returned +1.21% in the fourth quarter bringing the yearly returns to +16.25 compared to +2.63% and +23.8 returns for the Russell 3000 for both the periods. The firm started 2024 with modest expectations, but the year saw a double-digit gain for the Fund. The benchmark outperformed, fueled by strong investor interest in Artificial Intelligence and gains from mega-cap tech companies. In addition, you can check the fund's top 5 holdings to find out its best picks for 2024. In its fourth quarter 2024 investor letter, Weitz Partners III Opportunity Fund emphasized stocks such as Old Dominion Freight Line, Inc. (NASDAQ:ODFL). Old Dominion Freight Line, Inc. (NASDAQ:ODFL) is a less-than-truckload motor carrier that provides regional, inter-regional, and national less-than-truckload services, as well as expedited transportation. The one-month return of Old Dominion Freight Line, Inc. (NASDAQ:ODFL) was -5.84%, and its shares gained 21.32% of their value over the last 52 weeks. On February 27, 2025, Old Dominion Freight Line, Inc. (NASDAQ:ODFL) stock closed at $174.77 per share with a market capitalization of $37.15 billion. Weitz Partners III Opportunity Fund stated the following regarding Old Dominion Freight Line, Inc. (NASDAQ:ODFL) in its Q4 2024 investor letter: "Old Dominion Freight Line, Inc. (NASDAQ:ODFL) was another portfolio exit during the quarter. We began building an initial position in ODFL during the second quarter of this year, but early stock price appreciation short-stopped the position building process. As a result, this quarter we elected to realize gains on our small position." A large fleet of freight trucks travelling down an interstate highway. Old Dominion Freight Line, Inc. (NASDAQ:ODFL) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 50 hedge fund portfolios held Old Dominion Freight Line, Inc. (NASDAQ:ODFL) at the end of the fourth quarter compared to 38 in the third quarter. Old Dominion Freight Line, Inc.'s (NASDAQ:ODFL) revenue totaled $1.39 billion in the fourth quarter of 2024, a 7.3% decrease from the prior year quarter. While we acknowledge the potential of Old Dominion Freight Line, Inc. (NASDAQ:ODFL) 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 Old Dominion Freight Line, Inc. (NASDAQ:ODFL) and shared the list of transportation stocks that are skyrocketing so far in 2025. In addition, please check out our hedge fund investor letters Q4 2024 page for more investor letters from hedge funds and other leading investors. READ NEXT: Michael Burry Is Selling These Stocks and A New Dawn Is Coming to US Stocks. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
