Latest news with #NightWatchInvestmentManagement
Yahoo
8 hours ago
- Business
- Yahoo
Here's Why Night Watch Investment Management Sold Its Stake in Remitly (RELY) in Q2
Night Watch Investment Management, an investment management firm, released its second-quarter 2025 investor letter. A copy of the letter can be downloaded here. In the second quarter, the fund LP appreciated by 23.31% net of fees, and YTD, its performance stood at 20.71%. The portfolio demonstrated resilience in the quarter, despite volatility in March and April. In addition, please check the fund's top five holdings to know its best picks in 2025. In its second-quarter 2025 investor letter, Night Watch Investment Management highlighted stocks such as Remitly Global, Inc. (NASDAQ:RELY). Remitly Global, Inc. (NASDAQ:RELY) offers digital financial services for immigrants, their families, and other citizens. The one-month return of Remitly Global, Inc. (NASDAQ:RELY) was -11.40%, and its shares gained 48.59% of their value over the last 52 weeks. On July 3, 2025, Remitly Global, Inc. (NASDAQ:RELY) stock closed at $18.50 per share, with a market capitalization of $3.771 billion. Night Watch Investment Management stated the following regarding Remitly Global, Inc. (NASDAQ:RELY) in its Q2 2025 investor letter: "We follow a diverse set of industries and are able to rapidly reposition in case an external factor such as politics changes the winners and the losers. The proposed tariffs, as well as the tax legislation that is currently being negotiated by the US Senate, will impact some industries and we have repositioned accordingly. A senior banker shaking hands with migrant customers in a corporate boardroom. Remitly Global, Inc. (NASDAQ:RELY) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 46 hedge fund portfolios held Remitly Global, Inc. (NASDAQ:RELY) at the end of the first quarter, which was 35 in the previous quarter. The first quarter revenue of Remitly Global, Inc. (NASDAQ:RELY) increased 34% year-over-year to $361.6 million. While we acknowledge the potential of Remitly Global, Inc. (NASDAQ:RELY) 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 Remitly Global, Inc. (NASDAQ:RELY) and shared the list of stocks expected to beat the market by 20 Percentage points this year. In addition, please check out our hedge fund investor letters Q1 2025 page for more investor letters from hedge funds and other leading investors. While we acknowledge the potential of RELY as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. 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
8 hours ago
- Business
- Yahoo
Marex Group plc (MRX) is in the Counter Cyclical Basket of Night Watch Investment Management
Night Watch Investment Management, an investment management firm, released its second-quarter 2025 investor letter. A copy of the letter can be downloaded here. In the second quarter, the fund LP appreciated by 23.31% net of fees, and YTD, its performance stood at 20.71%. The portfolio demonstrated resilience in the quarter, despite volatility in March and April. In addition, please check the fund's top five holdings to know its best picks in 2025. In its second-quarter 2025 investor letter, Night Watch Investment Management highlighted stocks such as Marex Group plc (NASDAQ:MRX). Marex Group plc (NASDAQ:MRX) provides a financial services platform to clients in the energy, commodities, and financial markets. The one-month return of Marex Group plc (NASDAQ:MRX) was -8.29%, and its shares gained 102.50% of their value over the last 52 weeks. On July 3, 2025, Marex Group plc (NASDAQ:MRX) stock closed at $38.92 per share, with a market capitalization of $2.832 billion. Night Watch Investment Management stated the following regarding Marex Group plc (NASDAQ:MRX) in its Q2 2025 investor letter: "Since inception of the fund in January 2024, we have always sought to allocate to several counter-cyclical companies. The idea is that even in the event of a recession, part of our portfolio would still perform well. Currently, our countercyclical basket is predominantly made up of Marex Group plc (NASDAQ:MRX), a company we first acquired in May of 2024 at $19, versus $39 today. A close up of a laptop screen with a user engaging in the platform's features. Marex Group plc (NASDAQ:MRX) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 22 hedge fund portfolios held Marex Group plc (NASDAQ:MRX) at the end of the first quarter, which was 26 in the previous quarter. While we acknowledge the potential of Marex Group plc (NASDAQ:MRX) 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 addition, please check out our hedge fund investor letters Q1 2025 page for more investor letters from hedge funds and other leading investors. While we acknowledge the potential of MRX as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None. This article is originally published at Insider Monkey.
Yahoo
8 hours ago
- Business
- Yahoo
Here's How Camping World (CWH) Benefits from New Legislation
Night Watch Investment Management, an investment management firm, released its second-quarter 2025 investor letter. A copy of the letter can be downloaded here. In the second quarter, the fund LP appreciated by 23.31% net of fees, and YTD, its performance stood at 20.71%. The portfolio demonstrated resilience in the quarter, despite volatility in March and April. In addition, please check the fund's top five holdings to know its best picks in 2025. In its second-quarter 2025 investor letter, Night Watch Investment Management highlighted stocks such as Camping World Holdings, Inc. (NYSE:CWH). Camping World Holdings, Inc. (NYSE:CWH) is a US-based retailer of recreational vehicles (RVs) and related products and services. The one-month return of Camping World Holdings, Inc. (NYSE:CWH) was 3.66%, and its shares gained 1.38% of their value over the last 52 weeks. On July 3, 2025, Camping World Holdings, Inc. (NYSE:CWH) stock closed at $18.42 per share, with a market capitalization of $1.153 billion. Night Watch Investment Management stated the following regarding Camping World Holdings, Inc. (NYSE:CWH) in its Q2 2025 investor letter: "A potential beneficiary of the new legislation is Camping World Holdings, Inc. (NYSE:CWH), the largest RV dealer in the U.S. With a focus on affordable trailers, CWH continues to gain share in a domestically concentrated industry that's been in decline since 2022. Despite limited exposure to tariffs – most RVs are built in Elkhart, Indiana – RV stocks sold off in April. The new bill proposes to make RV mortgage interest and trailer floorplan financing fully tax deductible, cutting monthly costs for customers by ~10%. We've owned CWH since inception for its share gains and valuation, but it lacked a catalyst. The recent dip, paired with this legislative tailwind, prompted us to add to the position." A well lit Airstream RV parked in the outdoors, highlighting the recreational vehicles offered by the company. Camping World Holdings, Inc. (NYSE:CWH) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 32 hedge fund portfolios held Camping World Holdings, Inc. (NYSE:CWH) at the end of the first quarter, which was 36 in the previous quarter. In the first quarter of 2025, Camping World Holdings, Inc. (NYSE:CWH) reported revenue of $1.4 billion, up 4% year-over-year. While we acknowledge the potential of Camping World Holdings, Inc. (NYSE:CWH) 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 Camping World Holdings, Inc. (NYSE:CWH) and shared the list of top falling stocks with unusual volume. In addition, please check out our hedge fund investor letters Q1 2025 page for more investor letters from hedge funds and other leading investors. While we acknowledge the potential of CWH as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None. This article is originally published at Insider Monkey.
