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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
