Latest news with #FactSetGlobalFinTechIndex
Yahoo
26-05-2025
- Business
- Yahoo
Apollo Global Management (APO) Slid on Uncertainty and Volatility
Baron Funds, an investment management company, released its 'Baron FinTech Fund' first quarter 2025 investor letter. A copy of the letter can be downloaded here. U.S. equities closed 5% lower in Q1, following a sharp decline in March. Markets started well with the S&P 500 Index reaching new highs. However, concerns about tariffs, inflation, and softer economic growth, along with concerns about AI secular growth, contributed to risk-off conditions. In the first quarter, the fund fell 1.31% (Institutional Shares) compared to a -7.52% return for the FactSet Global FinTech Index (Benchmark) and a -4.27% decline for the S&P 500 index. Since its inception, the fund has appreciated at an annualized rate of 11.27%, compared to a 2.22% return for the Benchmark. In addition, please check the fund's top five holdings to know its best picks in 2025. In its first-quarter 2025 investor letter, Baron FinTech Fund highlighted stocks such as Apollo Global Management, Inc. (NYSE:APO). Apollo Global Management, Inc. (NYSE:APO) is a private equity firm that specializes in investments in credit, private equity and real estate markets. The one-month return of Apollo Global Management, Inc. (NYSE:APO) was -1.90%, and its shares gained 13.29% of their value over the last 52 weeks. On May 23, 2025, Apollo Global Management, Inc. (NYSE:APO) stock closed at $130.87 per share with a market capitalization of $74.79 billion. Baron FinTech Fund stated the following regarding Apollo Global Management, Inc. (NYSE:APO) in its Q1 2025 investor letter: "Shares of alternative asset manager Apollo Global Management, Inc. (NYSE:APO) detracted in the first quarter, largely stemming from a reversal in sentiment on the economy and capital markets activity. As mentioned above, alternative asset manager stocks performed well last year, especially after the November elections, on expectations of a recovery in capital markets activity fueled by deregulation and economic growth. Those expectations waned in the first quarter due to uncertainty and volatility around the Trump administration's policy initiatives. As sentiment faded, alternative asset manager stocks gave back their post-election gains. We continue to own the stock due to Apollo's differentiated focus on credit and strong management team." A team of professional financial investors in a modern office analyzing Investment opportunities. Apollo Global Management, Inc. (NYSE:APO) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 85 hedge fund portfolios held Apollo Global Management, Inc. (NYSE:APO) at the end of the first quarter which was 90 in the previous quarter. While we acknowledge the potential of Apollo Global Management, Inc. (NYSE:APO) 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 Apollo Global Management, Inc. (NYSE:APO) and shared the list of large-cap stocks from which insiders and short sellers are pulling their investments. 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
Softer-than-Expected Guidance and Results Weighed on Block, Inc.'s (XYZ) Shares
Baron Funds, an investment management company, released its 'Baron FinTech Fund' first quarter 2025 investor letter. A copy of the letter can be downloaded here. U.S. equities closed 5% lower in Q1, following a sharp decline in March. Markets started well with the S&P 500 Index reaching new highs. However, concerns about tariffs, inflation, and softer economic growth, along with concerns about AI secular growth, contributed to risk-off conditions. In the first quarter, the fund fell 1.31% (Institutional Shares) compared to a -7.52% return for the FactSet Global FinTech Index (Benchmark) and a -4.27% decline for the S&P 500 index. Since its inception, the fund has appreciated at an annualized rate of 11.27%, compared to a 2.22% return for the Benchmark. In addition, please check the fund's top five holdings to know its best picks in 2025. In its first-quarter 2025 investor letter, Baron FinTech Fund highlighted stocks such as Block, Inc. (NYSE:XYZ). Block, Inc. (NYSE:XYZ) is a technology company that focuses on commerce and financial products and services. The one-month return of Block, Inc. (NYSE:XYZ) was 1.12%, and its shares lost 11.46% of their value over the last 52 weeks. On May 23, 2025, Block, Inc. (NYSE:XYZ) stock closed at $58.74 per share with a market capitalization of $36.126 billion. Baron FinTech Fund stated the following regarding Block, Inc. (NYSE:XYZ) in its Q1 2025 investor letter: "Block, Inc. (NYSE:XYZ) provides point-of-sale technology to small businesses and operates the Cash App ecosystem of financial services for individuals. Shares fell after the company reported quarterly results and near-term guidance that were softer than expected. In the fourth quarter, gross profit growth of 14% and EPS growth of 51% were strong overall but missed Street expectations. Also, investors took a skeptical view of the 15% gross profit growth guidance for 2025 since it implies acceleration throughout the year in an uncertain macroeconomic environment. Nevertheless, management reiterated their expectation of achieving the 'Rule of 40' investment framework in 2026 with mid-teens gross profit growth and a mid-20% operating margin. We continue to own the stock due to Block's long runway for growth, sustainable competitive advantages, and innovative product offering." A business person using a mobile point of sale device outside of a retail store. Block, Inc. (NYSE:XYZ) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 76 hedge fund portfolios held Block, Inc. (NYSE:XYZ) at the end of the first quarter which was 81 in the previous quarter. While we acknowledge the potential of Block, Inc. (NYSE:XYZ) 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 Block, Inc. (NYSE:XYZ) and shared billionaire Ken Griffin's midcap stock picks with huge upside potential. 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
Strong Volume Trends Lifted Tradeweb Markets (TW) in Q1
Baron Funds, an investment management company, released its 'Baron FinTech Fund' first quarter 2025 investor letter. A copy of the letter can be downloaded here. U.S. equities closed 5% lower in Q1, following a sharp decline in March. Markets started well with the S&P 500 Index reaching new highs. However, concerns about tariffs, inflation, and softer economic growth, along with concerns about AI secular growth, contributed to risk-off conditions. In the first quarter, the fund fell 1.31% (Institutional Shares) compared to a -7.52% return for the FactSet Global FinTech Index (Benchmark) and a -4.27% decline for the S&P 500 index. Since its inception, the fund has appreciated at an annualized rate of 11.27%, compared to a 2.22% return for the Benchmark. In addition, please check the fund's top five holdings to know its best picks in 2025. In its first-quarter 2025 investor letter, Baron FinTech Fund highlighted stocks such as Tradeweb Markets Inc. (NASDAQ:TW). Tradeweb Markets Inc. (NASDAQ:TW) is a global financial technology company that builds and operates electronic marketplaces. The one-month return of Tradeweb Markets Inc. (NASDAQ:TW) was 7.64%, and its shares gained 29.73% of their value over the last 52 weeks. On May 23, 2025, Tradeweb Markets Inc. (NASDAQ:TW) stock closed at $145.62 per share with a market capitalization of $31.809 billion. Baron FinTech Fund stated the following regarding Tradeweb Markets Inc. (NASDAQ:TW) in its Q1 2025 investor letter: "Tradeweb Markets Inc. (NASDAQ:TW) operates electronic marketplaces for fixed income securities. Shares rose during the quarter due to strong volume trends driven by favorable market conditions and share gains in key products. Credit products saw accelerating growth with trading volume up 39%, while rates products saw stable trends with 14% growth. In credit, Tradeweb continued to grow faster than the market and its primary electronic trading competitor. We believe Tradeweb can achieve solid growth in a variety of macroeconomic conditions and expect further market share gains to drive long-term upside. We continue to own the stock due to Tradeweb's strong network effects, long track record of innovation, and significant growth opportunities from the ongoing electronification of the capital markets." A commodities trader staring intently at an online trading platform, examining the trading opportunities. Tradeweb Markets Inc. (NASDAQ:TW) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 35 hedge fund portfolios held Tradeweb Markets Inc. (NASDAQ:TW) at the end of the first quarter which was 45 in the previous quarter. While we acknowledge the potential of Tradeweb Markets Inc. (NASDAQ:TW) 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 Tradeweb Markets Inc. (NASDAQ:TW) and shared Lakehouse Global Growth Fund'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
What is Contributing to Robinhood Markets' (HOOD) Strong Performance?
Baron Funds, an investment management company, released its 'Baron FinTech Fund' first quarter 2025 investor letter. A copy of the letter can be downloaded here. U.S. equities closed 5% lower in Q1, following a sharp decline in March. Markets started well with the S&P 500 Index reaching new highs. However, concerns about tariffs, inflation, and softer economic growth, along with concerns about AI secular growth, contributed to risk-off conditions. In the first quarter, the fund fell 1.31% (Institutional Shares) compared to a -7.52% return for the FactSet Global FinTech Index (Benchmark) and a -4.27% decline for the S&P 500 index. Since its inception, the fund has appreciated at an annualized rate of 11.27%, compared to a 2.22% return for the Benchmark. In addition, please check the fund's top five holdings to know its best picks in 2025. In its first-quarter 2025 investor letter, Baron FinTech Fund highlighted stocks such as Robinhood Markets, Inc. (NASDAQ:HOOD). Robinhood Markets, Inc. (NASDAQ:HOOD) is a financial services platform that allows users to invest in stocks, exchange-traded funds (ETFs), American depository receipts, options, gold, and cryptocurrencies. The one-month return of Robinhood Markets, Inc. (NASDAQ:HOOD) was 27.75%, and its shares gained 208.00% of their value over the last 52 weeks. On May 23, 2025, Robinhood Markets, Inc. (NASDAQ:HOOD) stock closed at $63.17 per share with a market capitalization of $55.75 billion. Baron FinTech Fund stated the following regarding Robinhood Markets, Inc. (NASDAQ:HOOD) in its Q1 2025 investor letter: "We added to our position in online broker Robinhood Markets, Inc. (NASDAQ:HOOD), which was a new purchase in the prior quarter. The company reported very strong financial results for the fourth quarter with elevated trading volumes and robust growth in accounts and deposits. Client trading activity has moderated since the start of the year but remains elevated overall and the number of Gold subscribers grew 20% in the first quarter alone. At its Gold Summit in March, the company released three new products, including a low-cost advisory service, an AI-powered research tool, and a digital banking service. Robinhood is building out new products at a rapid clip yet still has a long runway to reach parity with other brokers. Additional service offerings should support continued market share gains." A successful business person confidently managing their finances on a mobile device. Robinhood Markets, Inc. (NASDAQ:HOOD) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 76 hedge fund portfolios held Robinhood Markets, Inc. (NASDAQ:HOOD) at the end of the fourth quarter which was 79 in the previous quarter. In the first quarter, Robinhood Markets, Inc. (NASDAQ:HOOD) experienced a revenue increase of 50%, reaching $927 million compared to the prior year's quarter. While we acknowledge the potential of Robinhood Markets, Inc. (NASDAQ:HOOD) 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 Robinhood Markets, Inc. (NASDAQ:HOOD) and shared the list of best stocks to buy according to Jim Simons' Renaissance Technologies. 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
Is ServiceTitan (TTAN) Set for 20%-plus Growth?
Baron Funds, an investment management company, released its 'Baron FinTech Fund' first quarter 2025 investor letter. A copy of the letter can be downloaded here. U.S. equities closed 5% lower in Q1, following a sharp decline in March. Markets started well with the S&P 500 Index reaching new highs. However, concerns about tariffs, inflation, and softer economic growth, along with concerns about AI secular growth, contributed to risk-off conditions. In the first quarter, the fund fell 1.31% (Institutional Shares) compared to a -7.52% return for the FactSet Global FinTech Index (Benchmark) and a -4.27% decline for the S&P 500 index. Since its inception, the fund has appreciated at an annualized rate of 11.27%, compared to a 2.22% return for the Benchmark. In addition, please check the fund's top five holdings to know its best picks in 2025. In its first-quarter 2025 investor letter, Baron FinTech Fund highlighted stocks such as ServiceTitan, Inc. (NASDAQ:TTAN). ServiceTitan, Inc. (NASDAQ:TTAN) provides an end-to-end cloud-based software platform for activities required to install, maintain, and service the infrastructure and systems. The one-month return of ServiceTitan, Inc. (NASDAQ:TTAN) was -2.20%, and YTD its shares gained 19.19% of their value. On May 23, 2024, ServiceTitan, Inc. (NASDAQ:TTAN) stock closed at $122.61 per share with a market capitalization of $11.113 billion. Baron FinTech Fund stated the following regarding ServiceTitan, Inc. (NASDAQ:TTAN) in its Q1 2025 investor letter: "We also added to our position in ServiceTitan, Inc. (NASDAQ:TTAN), a provider of business management software for the field service industry, which was another new purchase in the prior quarter. The company reported strong financial results with 29% revenue growth and solid margin expansion in the recent quarter. Management provided guidance for this year that exceeded Street expectations yet still leaves room for upside. Key focus areas include targeting enterprise customers (especially private equity-backed consolidators), upselling higher-value services, and expanding in the commercial and roofing markets. We expect the company to continue growing 20%-plus with significant margin expansion and free cash flow growth over time." yuttana Contributor Studio/ ServiceTitan, Inc. (NASDAQ:TTAN) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 25 hedge fund portfolios held ServiceTitan, Inc. (NASDAQ:TTAN) at the end of the first quarter which was 43 in the previous quarter. While we acknowledge the potential of ServiceTitan, Inc. (NASDAQ:TTAN) 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 ServiceTitan, Inc. (NASDAQ:TTAN) and shared the list of best new stocks to buy according to billionaires. 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
