Latest news with #RiverRoadLargeCapValueSelectFund
Yahoo
29-03-2025
- Business
- Yahoo
Lennar Corporation (LEN) Trader Lower Due to a Severe Housing Supply Deficit
River Road Asset Management, an investment management company released its 'River Road Large Cap Value Select Fund' Q4 2024 investor letter. A copy of the letter can be downloaded here. In the fourth quarter, AMG River Road Large Cap Value Select Fund returned 0.43% compared to (1.98%) return for the Russell 1000® Value Index. For the year 2024, the fund returned 24.59% significantly outperforming Index return of 14.37%. Stocks rallied in November after a Republican victory but declined sharply following hawkish Fed comments. Shorter duration stocks, including small caps and value, lost most of their post-election gains by the end of December. For more information on the fund's best picks in 2024, please check its top five holdings. In its fourth quarter 2024 investor letter, River Road Large Cap Value Select Fund emphasized stocks such as Lennar Corporation (NYSE:LEN). Lennar Corporation (NYSE:LEN) is a US-based homebuilder that operates primarily under the Lennar brand. The one-month return Lennar Corporation (NYSE:LEN) was -1.38%, and its shares lost 28.61% of their value over the last 52 weeks. On March 27, 2025, Lennar Corporation (NYSE:LEN) stock closed at $117.98 per share with a market capitalization of $31 billion. River Road Large Cap Value Select Fund stated the following regarding Lennar Corporation (NYSE:LEN) in its Q4 2024 investor letter: "Lennar Corporation (NYSE:LEN), one of the largest U.S. homebuilders, was the lowest contributor to active return in Q4 despite strong long-term fundamentals driven by a severe housing supply deficit of approximately two million units. The company has demonstrated remarkable market dominance, expanding its market share from under 8% pre-pandemic to 11.4% currently, powered by its differentiators in financing, land acquisition, and operational scale. This growth trajectory is particularly impressive given the challenging high-interest rate environment, where Lennar's in-house mortgage division enables it to offer more attractive financing terms than smaller competitors. The company's strategic evolution continues with the planned Millrose real estate investment trust (REIT) spinoff, streamlining operations toward an asset-light model that could drive higher valuation multiples. A construction crew installing roof tiles on a newly built row home. Lennar Corporation (NYSE:LEN) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 70 hedge fund portfolios held Lennar Corporation (NYSE:LEN) at the end of the fourth quarter which was 68 in the previous quarter. While we acknowledge the potential of Lennar Corporation (NYSE:LEN) 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 Lennar Corporation (NYSE:LEN) in another article, where we shared Hardman Johnston Global Equity Strategy's views on the company. In addition, please check out our hedge fund investor letters Q4 2024 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
29-03-2025
- Business
- Yahoo
Here's What Positions Becton, Dickinson and Company (BDX) Favorably in the Health Care Sector
River Road Asset Management, an investment management company released its 'River Road Large Cap Value Select Fund' Q4 2024 investor letter. A copy of the letter can be downloaded here. In the fourth quarter, AMG River Road Large Cap Value Select Fund returned 0.43% compared to (1.98%) return for the Russell 1000® Value Index. For the year 2024, the fund returned 24.59% significantly outperforming Index return of 14.37%. Stocks rallied in November after a Republican victory but declined sharply following hawkish Fed comments. Shorter duration stocks, including small caps and value, lost most of their post-election gains by the end of December. For more information on the fund's best picks in 2024, please check its top five holdings. In its fourth quarter 2024 investor letter, River Road Large Cap Value Select Fund emphasized stocks such as Becton, Dickinson and Company (NYSE:BDX). Becton, Dickinson and Company (NYSE:BDX) is a medical technology company that develops and manufactures medical supplies, devices, laboratory equipment, and diagnostic products. The one-month return of Becton, Dickinson and Company (NYSE:BDX) was 1.41%, and its shares lost 7.57% of their value over the last 52 weeks. On March 27, 2025, Becton, Dickinson and Company (NYSE:BDX) stock closed at $228.71 per share with a market capitalization of $65.671 billion. River Road Large Cap Value Select Fund stated the following regarding Becton, Dickinson and Company (NYSE:BDX) in its Q4 2024 investor letter: "As of December 31, the portfolio held 29 positions, up four positions from Q3. During Q4, the largest sector increase was 736 bps within industrials, while the largest decrease was -276 bps within consumer discretionary. We established five new positions and eliminated one position A surgeon performing a procedure in an operating room using a medical device supplied by the company. Becton, Dickinson and Company (NYSE:BDX) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 56 hedge fund portfolios held Becton, Dickinson and Company (NYSE:BDX) at the end of the fourth quarter compared to 52 in the third quarter. While we acknowledge the potential of Becton, Dickinson and Company (NYSE:BDX) 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 Becton, Dickinson and Company (NYSE:BDX) in another article, where we shared Oakmark Global Fund's views on the company. In addition, please check out our hedge fund investor letters Q4 2024 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
29-03-2025
- Business
- Yahoo
CSX Corp. (CSX) Positioned for Growth Amid Positive Market Trends
River Road Asset Management, an investment management company released its 'River Road Large Cap Value Select Fund' Q4 2024 investor letter. A copy of the letter can be downloaded here. In the fourth quarter, AMG River Road Large Cap Value Select Fund returned 0.43% compared to (1.98%) return for the Russell 1000® Value Index. For the year 2024, the fund returned 24.59% significantly outperforming Index return of 14.37%. Stocks rallied in November after a Republican victory but declined sharply following hawkish Fed comments. Shorter duration stocks, including small caps and value, lost most of their post-election gains by the end of December. For more information on the fund's best picks in 2024, please check its top five holdings. In its fourth quarter 2024 investor letter, River Road Large Cap Value Select Fund emphasized stocks such as CSX Corporation (NASDAQ:CSX). CSX Corporation (NASDAQ:CSX) is a company that offers rail-based freight transportation services. The one-month return of CSX Corporation (NASDAQ:CSX) was -6.53%, and its shares lost 19.29% of their value over the last 52 weeks. On March 27, 2025, CSX Corporation (NASDAQ:CSX) stock closed at $29.92 per share with a market capitalization of $56.392 billion. River Road Large Cap Value Select Fund stated the following regarding CSX Corporation (NASDAQ:CSX) in its Q4 2024 investor letter: "As of December 31, the portfolio held 29 positions, up four positions from Q3. During Q4, the largest sector increase was 736 bps within industrials, while the largest decrease was -276 bps within consumer discretionary. We established five new positions and eliminated one position A freight train moving through a rural landscape, its engine and numerous rail cars carrying the company's cargo. CSX Corporation (NASDAQ:CSX) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 63 hedge fund portfolios held CSX Corporation (NASDAQ:CSX) at the end of the fourth quarter compared to 51 in the third quarter. While we acknowledge the potential of CSX Corporation (NASDAQ:CSX) 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 CSX Corporation (NASDAQ:CSX) in another article, where we shared the list of best affordable stocks to buy according to hedge funds. In addition, please check out our hedge fund investor letters Q4 2024 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
29-03-2025
- Business
- Yahoo
Several Headwinds Dragged Nestlé S.A. (NSRGY) in Q4
River Road Asset Management, an investment management company released its 'River Road Large Cap Value Select Fund' Q4 2024 investor letter. A copy of the letter can be downloaded here. In the fourth quarter, AMG River Road Large Cap Value Select Fund returned 0.43% compared to (1.98%) return for the Russell 1000® Value Index. For the year 2024, the fund returned 24.59% significantly outperforming Index return of 14.37%. Stocks rallied in November after a Republican victory but declined sharply following hawkish Fed comments. Shorter duration stocks, including small caps and value, lost most of their post-election gains by the end of December. For more information on the fund's best picks in 2024, please check its top five holdings. In its fourth quarter 2024 investor letter, River Road Large Cap Value Select Fund emphasized stocks such as Nestlé S.A. (OTC:NSRGY). Headquartered in Vevey, Switzerland Nestlé S.A. (OTC:NSRGY) is a food and beverage company. The one-month return of Nestlé S.A. (OTC:NSRGY) was 5.50%, and its shares lost 4.13% of their value over the last 52 weeks. On March 27, 2025, Nestlé S.A. (OTC:NSRGY) stock closed at $101.81 per share with a market capitalization of $261.929 billion. River Road Large Cap Value Select Fund stated the following regarding Nestlé S.A. (OTC:NSRGY) in its Q4 2024 investor letter: "Nestlé S.A. (OTC:NSRGY), the world's largest food and beverage company, was also a significant underperformer in the portfolio. The company's foundation rests on its dominant market position, with over 40% of sales coming from high-growth Emerging Markets. Its strategic focus on premium segments including coffee, pet care, infant nutrition, Nestle Professional, and confectionery— which generate more than half of company profits—demonstrates strong portfolio management. Under former CEO Mark Schneider's leadership (2017-2024), the company achieved significant operational improvements through enhanced margins, strategic acquisitions and divestitures, increased dividends, and share repurchases, though his departure appears linked to cultural tensions with the company's traditional approach. Nestlé S.A. (OTC:NSRGY) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 4 hedge fund portfolios held Nestlé S.A. (OTC:NSRGY) at the end of the fourth quarter compared to 4 in the third quarter. While we acknowledge the potential of Nestlé S.A. (OTC:NSRGY) 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 addition, please check out our hedge fund investor letters Q4 2024 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
29-03-2025
- Business
- Yahoo
Fairfax Financial Holdings Limited (FRFHF) Reported an Exceptional Quarter
River Road Asset Management, an investment management company released its 'River Road Large Cap Value Select Fund' Q4 2024 investor letter. A copy of the letter can be downloaded here. In the fourth quarter, AMG River Road Large Cap Value Select Fund returned 0.43% compared to (1.98%) return for the Russell 1000® Value Index. For the year 2024, the fund returned 24.59% significantly outperforming Index return of 14.37%. Stocks rallied in November after a Republican victory but declined sharply following hawkish Fed comments. Shorter duration stocks, including small caps and value, lost most of their post-election gains by the end of December. For more information on the fund's best picks in 2024, please check its top five holdings. In its fourth quarter 2024 investor letter, River Road Large Cap Value Select Fund emphasized stocks such as Fairfax Financial Holdings Limited (OTC:FRFHF). Fairfax Financial Holdings Limited (OTC:FRFHF) offers property and casualty insurance and reinsurance, and investment management services. The one-month return of Fairfax Financial Holdings Limited (OTC:FRFHF) was -0.46%, and its shares gained 32.67% of their value over the last 52 weeks. On March 27, 2025, Fairfax Financial Holdings Limited (OTC:FRFHF) stock closed at $1,431.62 per share with a market capitalization of $32.072 billion. River Road Large Cap Value Select Fund stated the following regarding Fairfax Financial Holdings Limited (OTC:FRFHF) in its Q4 2024 investor letter: "Another top contributor during the quarter was Fairfax Financial Holdings Limited (OTC:FRFHF), a Canadian holding company focused on property and casualty (P&C) insurance and reinsurance. Like the more famous Berkshire Hathaway, FRFHF follows a disciplined approach to underwriting insurance—the company has not chased market share and focuses on writing profitable insurance policies in addition to generating attractive investment returns with the float. Chairman and CEO Prem Watsa has a 9.1% economic interest and controls 44% of the vote (opportunistically purchasing an additional $149MM at $308/share in 2020) and has a track record of opportunistic company share buybacks, including a -7% share reduction in 2021 at highly attractive prices. Despite compounding book value at ~18% over the past 39 years (since Watsa took over the Canadian operations of Markel), the stock ended the quarter trading at 1.3x, which we believe is an understated book value and a significant discount to its peer group. A woman in a business suit in an insurance office, analyzing a policy. Fairfax Financial Holdings Limited (OTC:FRFHF) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 1 hedge fund portfolios held Fairfax Financial Holdings Limited (OTC:FRFHF) at the end of the fourth quarter compared to 1 in the third quarter. While we acknowledge the potential of Fairfax Financial Holdings Limited (OTC:FRFHF) 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 addition, please check out our hedge fund investor letters Q4 2024 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
