Latest news with #GreensKeeperAssetManagement
Yahoo
10-04-2025
- Business
- Yahoo
Alphabet Inc. (GOOG) Fell Following Year-End Earnings Release
GreensKeeper Asset Management, an investment management company, released its first quarter 2025 investor letter. A copy of the letter can be downloaded here. Markets had a difficult start to 2025; with high levels of volatility in all of the main indices. The Value Fund finished the first quarter +3.0% net of fees and expenses net of fees and expenses. For the first quarter, the S&P/TSX retuned +1.5%, the S&P500 -4.2% and the Nasdaq –10.2%. The markets fell around 10% this past week as a result of President Trump's April 2 "Liberation Day" tariff announcement. In addition, you can check the fund's top 5 holdings to determine its best picks for 2025. In its first quarter 2025 investor letter, GreensKeeper Asset Management emphasized 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 -2.23%, and its shares gained 0.17% of their value over the last 52 weeks. On April 9, 2025, Alphabet Inc. (NASDAQ:GOOG) stock closed at $161.06 per share with a market capitalization of $1.77 trillion. GreensKeeper Asset Management stated the following regarding Alphabet Inc. (NASDAQ:GOOG) in its Q1 2025 investor letter: "Our biggest laggard in the first quarter was Alphabet Inc. (NASDAQ:GOOG) -18.3%. Shares sold off following the company's year-end earnings release in February, where it announced plans to increase capital expenditures by a substantial $23 billion in 2025. Recently, GOOG also announced its intention to acquire cybersecurity firm Wiz Inc. for $32 billion, aiming to strengthen its position in the cloud computing market. The scale of these investments is substantial, but we note that GOOG generated $116 billion in operating profits during 2024 and ended the year with $93 billion of excess cash on its balance sheet. In our opinion, the increased capital expenditures are necessary to maintain GOOG's position in its core search market. Beyond search, GOOG continues to build value across YouTube, Google Cloud, Waymo, and DeepMind, all of which leverage GOOG's enviable infrastructure." 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, 174 hedge fund portfolios held Alphabet Inc. (NASDAQ:GOOG) at the end of the fourth quarter which was 160 in the previous quarter. In 2024, Alphabet Inc. (NASDAQ: GOOG) achieved a revenue growth of 14% compared to 2023, reaching $350 billion. For the fourth quarter, the revenue was $96.5 billion, reflecting a 12% increase in both reported and 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 cheapest AI stock. We covered Alphabet Inc. (NASDAQ:GOOG) in another article, where we shared ClearBridge Large Cap Growth 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
10-04-2025
- Business
- Yahoo
GreensKeeper Value Fund Trimmed its Position in American Express (AXP) in Q1
GreensKeeper Asset Management, an investment management company, released its first quarter 2025 investor letter. A copy of the letter can be downloaded here. Markets had a difficult start to 2025; with high levels of volatility in all of the main indices. The Value Fund finished the first quarter +3.0% net of fees and expenses net of fees and expenses. For the first quarter, the S&P/TSX retuned +1.5%, the S&P500 -4.2% and the Nasdaq –10.2%. The markets fell around 10% this past week as a result of President Trump's April 2 "Liberation Day" tariff announcement. In addition, you can check the fund's top 5 holdings to determine its best picks for 2025. In its first quarter 2025 investor letter, GreensKeeper Asset Management emphasized stocks such as American Express Company (NYSE:AXP). American Express Company (NYSE:AXP) operates as an integrated payments company. The one-month return of American Express Company (NYSE:AXP) was -0.62%, and its shares gained 20.54% of their value over the last 52 weeks. On April 9, 2025, American Express Company (NYSE:AXP) stock closed at $262.36 per share with a market capitalization of $162.23 billion. GreensKeeper Asset Management stated the following regarding American Express Company (NYSE:AXP) in its Q1 2025 investor letter: "Our second largest contractor in the quarter was American Express Company (NYSE:AXP). AXP finished 2024 on a strong note, with earnings growing 23% for the year. While provisions for credit losses increased, reflecting a more cautious credit outlook, net write-off rates remained below historical averages, indicating strength in the underlying credit quality. AXP remains well-capitalized, and its affluent customer base is expected to fare better than the general economy in the coming months. However, the stock was not cheap, and we trimmed our position in Q1." A close-up view of a payment terminal, capturing the sophistication of a payment network. American Express Company (NYSE:AXP) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 71 hedge fund portfolios held American Express Company (NYSE:AXP) at the end of the fourth quarter which was 62 in the previous quarter. In 2024, American Express Company (NYSE:AXP) reported a record revenue of $66 billion, up 10% on an FX adjusted basis. While we acknowledge the potential of American Express Company (NYSE:AXP) 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 American Express Company (NYSE:AXP) in another article, where we shared the list of best very cheap 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.
Yahoo
10-04-2025
- Business
- Yahoo
Intercontinental Exchange (ICE) Benefited as Volatility Hits The Markets
GreensKeeper Asset Management, an investment management company, released its first quarter 2025 investor letter. A copy of the letter can be downloaded here. Markets had a difficult start to 2025; with high levels of volatility in all of the main indices. The Value Fund finished the first quarter +3.0% net of fees and expenses net of fees and expenses. For the first quarter, the S&P/TSX retuned +1.5%, the S&P500 -4.2% and the Nasdaq –10.2%. The markets fell around 10% this past week as a result of President Trump's April 2 "Liberation Day" tariff announcement. In addition, you can check the fund's top 5 holdings to determine its best picks for 2025. In its first quarter 2025 investor letter, GreensKeeper Asset Management emphasized stocks such as Intercontinental Exchange, Inc. (NYSE:ICE). Intercontinental Exchange, Inc. (NYSE:ICE) offers market infrastructure, data services, and technology solutions for financial institutions, corporations, and government entities. The one-month return of Intercontinental Exchange, Inc. (NYSE:ICE) was -7.29%, and its shares gained 17.48% of their value over the last 52 weeks. On April 9, 2025, Intercontinental Exchange, Inc. (NYSE:ICE) stock closed at $156.81 per share with a market capitalization of $90.087 billion. GreensKeeper Asset Management stated the following regarding Intercontinental Exchange, Inc. (NYSE:ICE) in its Q1 2025 investor letter: "Rounding out our top 5 performers in Q1 were Elevance Health (ELV) +17.9% and Intercontinental Exchange, Inc. (NYSE:ICE) + 15.8%. As mentioned in the last Scorecard, we believe the sell-off in ELV over the past year has been overdone, and the stock is trading at a significant discount to our estimate of its intrinsic value. The recent rebound reflects a partial correction of that mispricing. ICE continues to perform well as a significant portion of its earnings is driven by transaction volume on its exchanges and increasing demand for financial data, both of which generally increase when panic-induced volatility hits the markets." A financial trader monitoring a stock index board in an office lobby. Intercontinental Exchange, Inc. (NYSE:ICE) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 91 hedge fund portfolios held Intercontinental Exchange, Inc. (NYSE:ICE) at the end of the fourth quarter compared to 84 in the third quarter. While we acknowledge the potential of Intercontinental Exchange, Inc. (NYSE:ICE) 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 Intercontinental Exchange, Inc. (NYSE:ICE) in another article, where we shared the list of ClearBridge Large Cap Growth 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
10-04-2025
- Business
- Yahoo
What Makes Icon PLC (ICLR) an Investment Bet?
GreensKeeper Asset Management, an investment management company, released its first quarter 2025 investor letter. A copy of the letter can be downloaded here. Markets had a difficult start to 2025; with high levels of volatility in all of the main indices. The Value Fund finished the first quarter +3.0% net of fees and expenses net of fees and expenses. For the first quarter, the S&P/TSX retuned +1.5%, the S&P500 -4.2% and the Nasdaq –10.2%. The markets fell around 10% this past week as a result of President Trump's April 2 "Liberation Day" tariff announcement. In addition, you can check the fund's top 5 holdings to determine its best picks for 2025. In its first quarter 2025 investor letter, GreensKeeper Asset Management emphasized stocks such as ICON Public Limited Company (NASDAQ:ICLR). Headquartered in Dublin, Ireland, ICON Public Limited Company (NASDAQ:ICLR) is a clinical research organization. The one-month return of ICON Public Limited Company (NASDAQ:ICLR) was -13.11%, and its shares lost 50.23% of their value over the last 52 weeks. On April 9, 2025, ICON Public Limited Company (NASDAQ:ICLR) stock closed at $155.49 per share with a market capitalization of $12.567 billion. GreensKeeper Asset Management stated the following regarding ICON Public Limited Company (NASDAQ:ICLR) in its Q1 2025 investor letter: "We made one new purchase in the quarter: ICON Public Limited Company (NASDAQ:ICLR). ICLR is a leading contract research organization (CRO) based in Ireland that manages clinical trials for pharmaceutical and biotechnology companies worldwide. Despite some uncertainty driven by recent personnel changes at the Food and Drug Administration (FDA) and the Centers for Disease Control and Prevention (CDC), we believe that new drugs and medical devices will continue to be developed, and scientific progress will continue. New drugs require rigorous clinical testing before reaching the market. As a leading CRO, ICLR will capture its fair share of clinical trials once the dust settles." A laboratory setting with a team of scientists working on a clinical trial. ICON Public Limited Company (NASDAQ:ICLR) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 46 hedge fund portfolios held ICON Public Limited Company (NASDAQ:ICLR) at the end of the fourth quarter which was 48 in the previous quarter. ICON Public Limited Company's (NASDAQ:ICLR) fourth quarter revenue was $2.04 billion, represents a year-on-year decrease of 1.2%. While we acknowledge the potential of ICON Public Limited Company (NASDAQ:ICLR) 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 ICON Public Limited Company (NASDAQ:ICLR) in another article, where we shared LVS Advisory'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.
Yahoo
10-04-2025
- Business
- Yahoo
Here's What Boosted Check Point Software Technologies (CHKP) in Q1
GreensKeeper Asset Management, an investment management company, released its first quarter 2025 investor letter. A copy of the letter can be downloaded here. Markets had a difficult start to 2025; with high levels of volatility in all of the main indices. The Value Fund finished the first quarter +3.0% net of fees and expenses net of fees and expenses. For the first quarter, the S&P/TSX retuned +1.5%, the S&P500 -4.2% and the Nasdaq –10.2%. The markets fell around 10% this past week as a result of President Trump's April 2 "Liberation Day" tariff announcement. In addition, you can check the fund's top 5 holdings to determine its best picks for 2025. In its first quarter 2025 investor letter, GreensKeeper Asset Management emphasized stocks such as Check Point Software Technologies Ltd. (NASDAQ:CHKP). Check Point Software Technologies Ltd. (NASDAQ:CHKP) develops, markets, and supports products and services for IT security. The one-month return of Check Point Software Technologies Ltd. (NASDAQ:CHKP) was 2.10%, and its shares gained 34.49% of their value over the last 52 weeks. On April 9, 2025, Check Point Software Technologies Ltd. (NASDAQ:CHKP) stock closed at $219.41 per share with a market capitalization of $23.777 billion. GreensKeeper Asset Management stated the following regarding Check Point Software Technologies Ltd. (NASDAQ:CHKP) in its Q1 2025 investor letter: "Our third top performer in the quarter was Check Point Software Technologies Ltd. (NASDAQ:CHKP) +22.1%. CHKP's enterprise cyber security solutions continue to gain traction in the market, supported by growing demand for advanced network security. Recently appointed CEO Nadav Zafrir, a pioneer in the Israeli cyber-security market, has bolstered the company's executive sales force in efforts to accelerate growth. CHKP is well-capitalized, with over $2.5 billion of excess cash on the balance sheet, and continues to actively repurchase its own shares." An engineer typing on a computer, developing the latest cybersecurity application. Check Point Software Technologies Ltd. (NASDAQ:CHKP) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 40 hedge fund portfolios held Check Point Software Technologies Ltd. (NASDAQ:CHKP) at the end of the fourth quarter compared to 32 in the third quarter. The fourth quarter revenue of Check Point Software Technologies Ltd.'s (NASDAQ:CHKP) revenue reached $704 million, which was above the mid-point of guidance range. While we acknowledge the potential of Check Point Software Technologies Ltd. (NASDAQ:CHKP) 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 Check Point Software Technologies Ltd. (NASDAQ:CHKP) in another article, where we shared AI news updates on Wall Street's radar. 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
