Latest news with #GivernyCapitalAssetManagement
Yahoo
19-04-2025
- Business
- Yahoo
Here's Why Giverny Capital Asset Management Exited its Position in Five Below (FIVE)
Giverny Capital Asset Management, LLC, an investment management company, recently published its first-quarter 2025 investor letter. A copy of the letter can be downloaded here. The portfolio returned -3.39% in the quarter, compared to a -4.27% return for the S&P 500 Total Return Index. For the year ended March 31, 2025, the fund returned 1.75% compared to an 8.25% return for the Index during the same period. For more information on the fund's best picks in 2025, please check its top five holdings. In its first quarter 2025 investor letter, Giverny Capital Asset Management highlighted stocks such as Five Below, Inc. (NASDAQ:FIVE). Five Below, Inc. (NASDAQ:FIVE) is a US-based specialty value retailer. The one-month return of Five Below, Inc. (NASDAQ:FIVE) was -11.30%, and its shares lost 55.59% of their value over the last 52 weeks. On April 17, 2025, Five Below, Inc. (NASDAQ:FIVE) stock closed at $67.51 per share with a market capitalization of $3.716 billion. Giverny Capital Asset Management stated the following regarding Five Below, Inc. (NASDAQ:FIVE) in its Q1 2025 investor letter: "We also exited Five Below, Inc. (NASDAQ:FIVE), our lamented value retailer. Five Below has one of the better retail store models I have ever seen. Unfortunately, prior management decided to move away from a successful value proposition where all merchandise in the store was priced below $5, and to introduce higher-priced items. I wasn't skeptical enough of this move. Customers walk into Five Below expecting to find fun and interesting low-priced items, not $20 roll-aboard suitcases. On a simple level, when you sell trendy $2 and $3 items to kids, there is not much competition. When you start selling $15 and $20 items to adults, you find yourself competing with Walmart and Target. That's a harder game to play. A family happily shopping for everyday items in a specialty retail store. Five Below, Inc. (NASDAQ:FIVE) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 48 hedge fund portfolios held Five Below, Inc. (NASDAQ:FIVE) at the end of the fourth quarter which was 36 in the previous quarter. While we acknowledge the potential of Five Below, Inc. (NASDAQ:FIVE) 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. We covered Five Below, Inc. (NASDAQ:FIVE) in another article, and shared the list of best department store stocks to invest in. 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
19-04-2025
- Business
- Yahoo
What Makes AAON (AAON) an Investment Bet?
Giverny Capital Asset Management, LLC, an investment management company, recently published its first-quarter 2025 investor letter. A copy of the letter can be downloaded here. The portfolio returned -3.39% in the quarter, compared to a -4.27% return for the S&P 500 Total Return Index. For the year ended March 31, 2025, the fund returned 1.75% compared to an 8.25% return for the Index during the same period. For more information on the fund's best picks in 2025, please check its top five holdings. In its first-quarter 2025 investor letter, Giverny Capital Asset Management highlighted stocks such as AAON, Inc. (NASDAQ:AAON). AAON, Inc. (NASDAQ:AAON), with a market capitalization of $6.705 billion, engages in engineering, manufacturing, marketing, and selling air conditioning and heating equipment. The one-month return of AAON, Inc. (NASDAQ:AAON) was -3.83%, and its shares lost 3.26% of their value over the last 52 weeks. On April 17, 2025, AAON, Inc. (NASDAQ:AAON) stock closed at $82.46 per share. Giverny Capital Asset Management stated the following regarding AAON, Inc. (NASDAQ:AAON) in its Q1 2025 investor letter: "In March, we built a position AAON, Inc. (NASDAQ:AAON), an Oklahoma-based manufacturer of semi-custom heating, ventilation and air conditioning (HVAC) systems for commercial buildings. We've been following Aaon for some time, and pounced after an earnings miss caused the stock to plunge. A technician surrounded by complex chillers and data center cooling solutions. AAON, Inc. (NASDAQ:AAON) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 29 hedge fund portfolios held AAON, Inc. (NASDAQ:AAON) at the end of the fourth quarter which was 18 in the previous quarter. While we acknowledge the potential of AAON, Inc. (NASDAQ:AAON) 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 covered AAON, Inc. (NASDAQ:AAON) and discussed the decline of construction stocks in 2025, outlining the key reasons behind their plunge. 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
19-04-2025
- Business
- Yahoo
Giverny Capital Asset Management Added Arista Networks Inc (ANET) on a Dip
Giverny Capital Asset Management, LLC, an investment management company, recently published its first-quarter 2025 investor letter. A copy of the letter can be downloaded here. The portfolio returned -3.39% in the quarter, compared to a -4.27% return for the S&P 500 Total Return Index. For the year ended March 31, 2025, the fund returned 1.75% compared to an 8.25% return for the Index during the same period. For more information on the fund's best picks in 2025, please check its top five holdings. In its first quarter 2025 investor letter, Giverny Capital Asset Management highlighted stocks such as Arista Networks, Inc. (NYSE:ANET). Arista Networks, Inc. (NYSE:ANET) is a technology company that engages in the development and distribution of data-driven, client-to-cloud networking solutions. The one-month return of Arista Networks Inc (NYSE:ANET) was -14.19%, and its shares gained 10.74% of their value over the last 52 weeks. On April 17, 2025, Arista Networks Inc (NYSE:ANET) stock closed at $71.20 per share with a market capitalization of $89.401 billion. Giverny Capital Asset Management stated the following regarding Arista Networks Inc (NYSE:ANET) in its Q1 2025 investor letter: "During the quarter we added modestly to our holding in Arista Networks Inc (NYSE:ANET) after a substantial drop in its stock price. Arista makes high-end computer networking equipment used in hyperscale cloud computing and Artificial Intelligence (AI) data centers. Arista's stock price rose roughly 10 times from our inception in April 2020 through January, but subsequently has been cut by about 40%. This is mainly due to skepticism about whether AI data centers can generate good enough economic returns to justify a multi-year build-out." A technician in a server room managing a large-scale network of computers. Arista Networks Inc (NYSE:ANET) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 78 hedge fund portfolios held Arista Networks Inc (NYSE:ANET) at the end of the fourth quarter which was 70 in the previous quarter. While we acknowledge the potential of Arista Networks Inc (NYSE:ANET) 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 covered Arista Networks Inc (NYSE:ANET) and discussed the list of best hardware stocks to buy. 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
19-04-2025
- Business
- Yahoo
Giverny Capital Asset Management Trimmed Progressive (PGR) on Share Price Appreciation
Giverny Capital Asset Management, LLC, an investment management company, recently published its first-quarter 2025 investor letter. A copy of the letter can be downloaded here. The portfolio returned -3.39% in the quarter, compared to a -4.27% return for the S&P 500 Total Return Index. For the year ended March 31, 2025, the fund returned 1.75% compared to an 8.25% return for the Index during the same period. For more information on the fund's best picks in 2025, please check its top five holdings. In its first-quarter 2025 investor letter, Giverny Capital Asset Management highlighted stocks such as The Progressive Corporation (NYSE:PGR). The Progressive Corporation (NYSE:PGR) is a US-based insurance company. The one-month return of The Progressive Corporation (NYSE:PGR) was -3.34%, and its shares gained 26.56% of their value over the last 52 weeks. On April 17, 2025, The Progressive Corporation (NYSE:PGR) stock closed at $265.45 per share with a market capitalization of $155.616 billion. Giverny Capital Asset Management stated the following regarding The Progressive Corporation (NYSE:PGR) in its Q1 2025 investor letter: We trimmed The Progressive Corporation (NYSE:PGR) after a big run-up in the stock price. As of March 31st, Progressive was up 273% since our inception five years ago, including 17% in the first quarter (vs. -4.3% for the Index). Progressive remains a top five holding. A team of accountants in a boardroom, discussing strategic moves of an insurance company. The Progressive Corporation (NYSE:PGR) is in 30th position on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 100 hedge fund portfolios held The Progressive Corporation (NYSE:PGR) at the end of the fourth quarter compared to 95 in the third quarter. While we acknowledge the potential of The Progressive Corporation (NYSE:PGR) 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. We covered The Progressive Corporation (NYSE:PGR) in another article, where we shared Middle Coast Investing'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
19-04-2025
- Automotive
- Yahoo
Giverny Capital Asset Management Sold Carmax (KMX) Amid Difficult Competitive Environment
Giverny Capital Asset Management, LLC, an investment management company, recently published its first-quarter 2025 investor letter. A copy of the letter can be downloaded here. The portfolio returned -3.39% in the quarter, compared to a -4.27% return for the S&P 500 Total Return Index. For the year ended March 31, 2025, the fund returned 1.75% compared to an 8.25% return for the Index during the same period. For more information on the fund's best picks in 2025, please check its top five holdings. In its first quarter 2025 investor letter, Giverny Capital Asset Management highlighted stocks such as CarMax, Inc. (NYSE:KMX). CarMax, Inc. (NYSE:KMX) is a used vehicle retailer headquartered in Richmond, Virginia. The one-month return of CarMax, Inc. (NYSE:KMX) was -9.90%, and its shares lost 4.89% of their value over the last 52 weeks. On April 17, 2025, CarMax, Inc. (NYSE:KMX) stock closed at $64.59 per share with a market capitalization of $9.862 billion. Giverny Capital Asset Management stated the following regarding CarMax, Inc. (NYSE:KMX) in its Q1 2025 investor letter: "We trimmed CarMax, Inc. (NYSE:KMX) during the quarter – it has been a rough few years for the used car retailer. I believe the customer friendly business model remains attractive, but a lot of Wall Street capital has flowed to Carvana, creating a more difficult competitive environment. In early April, Carmax reported encouraging operating results. Yet despite heavy investment in online selling capabilities, Carmax is not gaining market share. We adjusted the position size to acknowledge that fact." A happy customer inspecting a newly purchased used car with the help of a sales assistant. CarMax, Inc. (NYSE:KMX) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 57 hedge fund portfolios held CarMax, Inc. (NYSE:KMX) at the end of the fourth quarter compared to 44 in the third quarter. In the fourth quarter of financial year 2025, CarMax, Inc. (NYSE:KMX) reported total sales of $6 billion, up 7% from prior year's quarter. While we acknowledge the potential of CarMax, Inc. (NYSE:KMX) 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. We covered CarMax, Inc. (NYSE:KMX) in another article, where we shared top stock picks from Diamond Hill Capital. 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.
