Latest news with #LoomisSayles
Yahoo
27-05-2025
- Automotive
- Yahoo
Does Tesla (TSLA) Offer a Compelling Reward-To-Risk Opportunity?
Loomis Sayles, an investment management company, released its 'Global Growth Fund' first quarter 2025 investor letter. A copy of the letter can be downloaded here. In the first quarter, the fund returned -3.35% compared to -1.32% for the MSCI ACWI Net Index. Stock selection in consumer staples, communication services, and healthcare sectors, and allocations to the information technology and healthcare sectors positively impacted the fund's relative performance. In addition, please check the fund's top five holdings to know its best picks in 2025. In its first-quarter 2025 investor letter, Loomis Sayles Global Growth Fund highlighted stocks such as Tesla, Inc. (NASDAQ:TSLA). Tesla, Inc. (NASDAQ:TSLA) designs, develops, manufactures, leases, and sells electric vehicles, as well as energy generation and storage systems. The one-month return of Tesla, Inc. (NASDAQ:TSLA) was 18.70%, and its shares gained 89.32% of their value over the last 52 weeks. On May 23, 2025, Tesla, Inc. (NASDAQ:TSLA) stock closed at $339.34 per share with a market capitalization of $1.09 trillion. Loomis Sayles Global Growth Fund stated the following regarding Tesla, Inc. (NASDAQ:TSLA) in its Q1 2025 investor letter: "Founded in 2003, Tesla, Inc. (NASDAQ:TSLA) is a global leader in the design, manufacturing, and sales of high performance fully electric (battery) vehicles (EVs). The company's automotive unit sells its products directly to customers through its website and retail locations and continues to grow its customer-facing infrastructure through a global network of vehicle service centers, mobile service technicians, body shops, Supercharger stations, and Destination Chargers to accelerate widespread adoption of its products. Tesla also designs, manufactures, sells, and installs solar energy generation and energy storage products to residential, commercial, and industrial clients through its energy generation and storage unit. The company generated approximately 90% of its sales from its automotive segment and 10% from its energy generation and storage segment in its 2024 fiscal year. From a geographic standpoint, the US and China are the company's two largest markets and accounted for approximately 49% and 21% of 2024 sales, respectively, while the rest of the world collectively accounts for approximately 30%. Tesla, Inc. (NASDAQ:TSLA) is in 23rd position on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 104 hedge fund portfolios held Tesla, Inc. (NASDAQ:TSLA) at the end of the first quarter, which was 126 in the previous quarter. While we acknowledge the potential of Tesla, Inc. (NASDAQ:TSLA) 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 Tesla, Inc. (NASDAQ:TSLA) and shared the list of AI stocks on latest news and ratings. Baron Focused Growth Fund also talked about Tesla, Inc. (NASDAQ:TSLA) in its Q1 2025 investor letter. 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
19-05-2025
- Business
- Yahoo
Loomis Sayles Announces Changes to Disciplined Alpha Team
Lynne Royer will retire as co-head and portfolio manager for the firm's Disciplined Alpha Team at the end of 2025. Longtime portfolio manager Brad Stevens, CFA, has been promoted to co-head of the team alongside Seth Timen. BOSTON, May 19, 2025--(BUSINESS WIRE)--Loomis, Sayles & Company, the global investment manager with nearly $390 billion in assets under management as of 31 March 2025, has announced that Lynne Royer, co-head and portfolio manager of the Disciplined Alpha Team, will retire at the end of 2025 following a remarkable investment career spanning four decades. Additionally, longtime portfolio manager Brad Stevens, CFA, has been promoted to co-head of the team alongside Lynne and Seth Timen, who has co-led the team since 2021. Known for an intense focus on relative value investing and a proprietary risk-adjusted framework for making security selection decisions, the Disciplined Alpha Team manages over $22 billion in assets as of 31 March 2025. Lynne will step down from her portfolio management and team co-head roles in October 2025 and will serve as senior advisor to the team through the end of December. Brad and Seth will work closely together on the oversight of Disciplined Alpha portfolios, as well as management of the team, leveraging Seth's extensive fixed income trading experience and Brad's fundamental research roots. Since joining Loomis Sayles in 2010 as a credit analyst, Brad has consistently demonstrated leadership, investment excellence and a deep commitment to Disciplined Alpha's distinct investment philosophy. Following a promotion to senior credit analyst, in 2018 he was named a credit portfolio manager responsible for idea generation and security selection, a role he will retain for select industries while transferring some sector coverage to others. "Among Lynne's many contributions to Loomis Sayles was effectively building a deep bench of investment professionals for the Disciplined Alpha Team together with Seth," said David Waldman, chief investment officer of Loomis Sayles. "Brad's promotion is well-earned and represents a natural next step for the team, which is positioned to continue delivering strong results for clients under his and Seth's leadership." Lynne began her investment career in 1985 and joined Loomis Sayles as the co-head and co-founder of the Disciplined Alpha platform in 2010. In addition to shaping the team's investment philosophy and approach, Lynne contributed significantly to Loomis Sayles' culture as co-founder of the firm's first employee resource group, Women@Work. "Over the last 15 years, Lynne's leadership has been a driving force behind the growth of the Disciplined Alpha Team's best-in-class product platform," said Kevin Charleston, chief executive officer of Loomis Sayles. "We are immensely grateful for Lynne's dedication to both clients and colleagues and wish her the best as she pursues her passions in retirement." ABOUT BRADLEY STEVENS, CFA Brad Stevens is a portfolio manager and co-head of the Disciplined Alpha Team at Loomis, Sayles & Company. Prior to being named co-head of the team in 2025, Brad was a credit portfolio manager on the team, responsible for idea generation and security selection within his sectors. Brad began his investment industry career in 2000. Prior to joining Loomis Sayles in 2010, he worked at the California Public Employees' Retirement System as an investment officer in credit. Prior to this, Brad traded equity options at Timber Hill LLC. He earned a BA in economics from Denison University and an MBA from Columbia Business School. Brad is a CFA® charterholder. ABOUT SETH TIMEN Seth Timen is a portfolio manager and co-head of the Disciplined Alpha Team at Loomis, Sayles & Company. Seth was named co-head of the team in 2020. He began his investment industry career in 2001 and joined Loomis Sayles in 2010 from Pequot Capital Management, where he was responsible for trading fixed income risk across investment grade, high yield, and structured products. Previously, Seth was an associate at Credit Suisse, where he assisted with corporate bond investment and strategy execution for institutional clients. He earned a BA from the University of Michigan. ABOUT LOOMIS SAYLES Since 1926, Loomis, Sayles & Company has helped fulfill the investment needs of institutional and mutual fund clients worldwide. The firm's performance-driven investors integrate deep proprietary research and risk analysis to make informed, judicious decisions. Teams of portfolio managers, strategists, research analysts and traders collaborate to assess market sectors and identify investment opportunities wherever they may lie, within traditional asset classes or among a range of alternative investments. Loomis Sayles has the resources, foresight and the flexibility to look far and wide for value in broad and narrow markets in its commitment to deliver attractive, risk-adjusted returns for clients. This rich tradition has earned Loomis Sayles the trust and respect of clients worldwide, for whom it manages $390.1 billion* in assets (as of 31 March 2025). *Includes the assets of both Loomis, Sayles & Co., LP, and Loomis Sayles Trust Company, LLC. ($33.9 billion for the Loomis Sayles Trust Company). Loomis Sayles Trust Company is a wholly owned subsidiary of Loomis, Sayles & Company, L.P. SAIFiitxkace View source version on Contacts Kate Sheehan(617) 960-4447ksheehan@
Business Wire
19-05-2025
- Business
- Business Wire
Loomis Sayles Announces Changes to Disciplined Alpha Team
BOSTON--(BUSINESS WIRE)--Loomis, Sayles & Company, the global investment manager with nearly $390 billion in assets under management as of 31 March 2025, has announced that Lynne Royer, co-head and portfolio manager of the Disciplined Alpha Team, will retire at the end of 2025 following a remarkable investment career spanning four decades. Additionally, longtime portfolio manager Brad Stevens, CFA, has been promoted to co-head of the team alongside Lynne and Seth Timen, who has co-led the team since 2021. Known for an intense focus on relative value investing and a proprietary risk-adjusted framework for making security selection decisions, the Disciplined Alpha Team manages over $22 billion in assets as of 31 March 2025. Lynne will step down from her portfolio management and team co-head roles in October 2025 and will serve as senior advisor to the team through the end of December. Brad and Seth will work closely together on the oversight of Disciplined Alpha portfolios, as well as management of the team, leveraging Seth's extensive fixed income trading experience and Brad's fundamental research roots. Since joining Loomis Sayles in 2010 as a credit analyst, Brad has consistently demonstrated leadership, investment excellence and a deep commitment to Disciplined Alpha's distinct investment philosophy. Following a promotion to senior credit analyst, in 2018 he was named a credit portfolio manager responsible for idea generation and security selection, a role he will retain for select industries while transferring some sector coverage to others. 'Among Lynne's many contributions to Loomis Sayles was effectively building a deep bench of investment professionals for the Disciplined Alpha Team together with Seth,' said David Waldman, chief investment officer of Loomis Sayles. 'Brad's promotion is well-earned and represents a natural next step for the team, which is positioned to continue delivering strong results for clients under his and Seth's leadership.' Lynne began her investment career in 1985 and joined Loomis Sayles as the co-head and co-founder of the Disciplined Alpha platform in 2010. In addition to shaping the team's investment philosophy and approach, Lynne contributed significantly to Loomis Sayles' culture as co-founder of the firm's first employee resource group, Women@Work. 'Over the last 15 years, Lynne's leadership has been a driving force behind the growth of the Disciplined Alpha Team's best-in-class product platform,' said Kevin Charleston, chief executive officer of Loomis Sayles. 'We are immensely grateful for Lynne's dedication to both clients and colleagues and wish her the best as she pursues her passions in retirement.' ABOUT BRADLEY STEVENS, CFA Brad Stevens is a portfolio manager and co-head of the Disciplined Alpha Team at Loomis, Sayles & Company. Prior to being named co-head of the team in 2025, Brad was a credit portfolio manager on the team, responsible for idea generation and security selection within his sectors. Brad began his investment industry career in 2000. Prior to joining Loomis Sayles in 2010, he worked at the California Public Employees' Retirement System as an investment officer in credit. Prior to this, Brad traded equity options at Timber Hill LLC. He earned a BA in economics from Denison University and an MBA from Columbia Business School. Brad is a CFA ® charterholder. ABOUT SETH TIMEN Seth Timen is a portfolio manager and co-head of the Disciplined Alpha Team at Loomis, Sayles & Company. Seth was named co-head of the team in 2020. He began his investment industry career in 2001 and joined Loomis Sayles in 2010 from Pequot Capital Management, where he was responsible for trading fixed income risk across investment grade, high yield, and structured products. Previously, Seth was an associate at Credit Suisse, where he assisted with corporate bond investment and strategy execution for institutional clients. He earned a BA from the University of Michigan. ABOUT LOOMIS SAYLES Since 1926, Loomis, Sayles & Company has helped fulfill the investment needs of institutional and mutual fund clients worldwide. The firm's performance-driven investors integrate deep proprietary research and risk analysis to make informed, judicious decisions. Teams of portfolio managers, strategists, research analysts and traders collaborate to assess market sectors and identify investment opportunities wherever they may lie, within traditional asset classes or among a range of alternative investments. Loomis Sayles has the resources, foresight and the flexibility to look far and wide for value in broad and narrow markets in its commitment to deliver attractive, risk-adjusted returns for clients. This rich tradition has earned Loomis Sayles the trust and respect of clients worldwide, for whom it manages $390.1 billion* in assets (as of 31 March 2025). *Includes the assets of both Loomis, Sayles & Co., LP, and Loomis Sayles Trust Company, LLC. ($33.9 billion for the Loomis Sayles Trust Company). Loomis Sayles Trust Company is a wholly owned subsidiary of Loomis, Sayles & Company, L.P. SAIFiitxkace
Axios
11-04-2025
- Business
- Axios
When the world sells America
When the rest of the world no longer finds U.S. assets attractive, it starts selling, not over a matter of days but over years. Why it matters: That's why the falls we've seen in the stock and bond markets, as well as the dollar, could be the start of a long-term trend. The big picture: What we're seeing in 2025 is setting itself up to be the Reagan revolution in reverse, says David Rolley, a portfolio manager at Loomis Sayles. President Reagan stimulated the economy with tax cuts, which attracted foreign investors who were broadly underweight the U.S. at the time. President Trump, by contrast, announced a massive tax hike (tariffs are taxes paid by U.S. importers), while foreign investors are now overweight in U.S. assets in the wake of a decades-long bull market in both bonds and stocks. Follow the money: In 2024, foreigners owned 17.8% of the shares traded on U.S. stock markets, per the Federal Reserve, an investment of $16.5 trillion. Compare that to 1980, when foreign shareholdings came to just $75 billion, or a mere 5% of the total market. Overall, foreign holdings of U.S. financial assets rose from 7.9% of the total in 1980 to 14.9% in 2024. Between the lines: Historically, America's greatest export has been its debt. U.S. corporations, alongside the U.S. Treasury, issue trillions of dollars of debt every year, much of which is snapped up by foreign investors at very attractive rates to the borrowers. That money is invested in the U.S. economy, where it generates returns far greater than the cost of servicing the debt. That is one of the main reasons the U.S. economy has outperformed the rest of the developed world over many decades. Economists call that flow of money into America the "capital account surplus." It's the mirror image of the trade deficit. If our trade deficit falls, our ability to get the rest of the world to finance our growth will also fall. How it works: Most of the time, tariffs tend to result in a stronger currency, as Axios' Emily Peck has explained, a result of fewer dollars being sold to buy foreign goods. Those trade flows, however, are much smaller than portfolio flows. So if international investors lose faith in the U.S., sell their American financial assets, and convert those dollars back to their local currency, the effect of that could easily dwarf the effects of tariffs. The bottom line: If the rest of the world loses faith in the U.S. as an attractive place to invest, that will drive down stock prices and the dollar, and drive up interest rates, including mortgage rates.
Axios
09-04-2025
- Business
- Axios
Two days of historic volatility roil the markets
The volatility we've seen in the markets this week is not unprecedented, but it's extremely rare, and has happened only four previous times since 1978. Why it matters: This kind of noise is a sign that we've now entered a world of radical uncertainty, and that the markets are finding it impossible to do their main job, which is price discovery. Flashback: Last Thursday, as the markets reacted to the tariffs unveiled the previous evening, the S&P 500's intraday trading range — the gap between the high and low points of the trading day — was a relatively modest 2%. Stocks opened down 3.1% and ground lower to close down 4.8%, in what looked like a large but orderly decline. Where it stands: This week's trading has been very different, marked by wild intraday swings. The S&P 500% rose 8.3% in a mere 34 minutes on Monday. On Tuesday it opened up 4% and closed down 3%. Between the lines: Stock market trading is increasingly dominated by multi-strategy "pod shops," and at the heart of most of them is "some sort of quant strategy," as hedge fund manager Krishna Kumar recently told the Odd Lots podcast. What that means in practice is a lot of short-term trades and a lot of leverage, both of which work to magnify both returns and volatility. Meanwhile, fundamentals-based long-term investors have essentially zero visibility into how the current tariff drama is going to play out. Without any strong conviction one way or the other, they're now hesitant to take losses or buy the dip, and they have therefore effectively ceded the role of price discovery to the algorithms. What's next: What we haven't yet seen, says David Rolley, co-head of fixed income at Loomis Sayles, is "capitulation" by those real-money investors. While Rolley does see international investors in particular rotating out of U.S. assets, he says that process is likely to take years rather than days. The bottom line: Previous bouts of massive volatility were associated with huge financial dislocations, or, in the case of the pandemic, the entire planet pretty much coming to a stop.
