Latest news with #WedgewoodPartners
Yahoo
24-07-2025
- Business
- Yahoo
Analyst Explains Why He's Bullish on Microsoft (MSFT) Amid ‘AI Eating Software' Trend
Microsoft Corp (NASDAQ:MSFT) is one of the . Ben Reitzes, Melius Research managing director, said in a recent program on CNBC that SaaS companies are under threat amid the rise of AI agents. He named Microsoft Corp (NASDAQ:MSFT) among the companies set to thrive under the AI revolution. 'We just put out a piece raising our targets again on Microsoft and Oracle, and you might be like, 'Oh, that's great news, Ben.' Well, I mean, obviously we've been saying it for a long time, but their revenues are accelerating while all the SaaS guys are decelerating. This is not that hard. You know, I was there when hardware stocks went to eight times earnings because the cloud ate their lunch. It can always software. It can always get worse. This is a complete reversal of Andreessen and 'software eating the world,' and AI is eating software.' Photo by Kaleidico on Unsplash Wedgewood Partners stated the following regarding Microsoft Corporation (NASDAQ:MSFT) in its second quarter 2025 investor letter: 'Microsoft Corporation (NASDAQ:MSFT) was also a top contributor to portfolio performance during the quarter. The Company showed continued terrific organic revenue growth of +15% and +19% growth in operating income (foreign exchange-neutral, respectively), helped by continued seat growth in Office365. It also showed a key acceleration in its Azure cloud infrastructure business, driven by demand for AI-compute capacity. We added to our position before the strong rally, given that valuations had contracted to levels that were starting to discount away upside from Microsoft's solid positioning in AI.' While we acknowledge the potential of MSFT as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the . READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. 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
21-07-2025
- Business
- Yahoo
Here's Wedgewood Partners' Investment Thesis for Zoetis (ZTS)
Wedgewood Partners, an investment management company, released its second-quarter 2025 investor letter. A copy of the letter can be downloaded here. In the second quarter, Wedgewood Composite's net return was 7.1% compared to the Standard & Poor's 10.9%, the Russell 1000 Growth Index's 17.8%, and the Russell 1000 Value Index's 3.8% return for the same period. In addition, you can check the fund's best 5 holdings to know its best picks in 2025. In its second quarter 2025 investor letter, Wedgewood Partners highlighted stocks such as Zoetis Inc. (NYSE:ZTS). Zoetis Inc. (NYSE: ZTS) is involved in the research, development, manufacturing, and sale of animal health medications, vaccines, and diagnostic products and services. The one-month return of Zoetis Inc. (NYSE:ZTS) was -5.55%, and its shares lost 17.79% of their value over the last 52 weeks. On July 18, 2025, Zoetis Inc. (NYSE:ZTS) stock closed at $148.60 per share, with a market capitalization of $66.158 billion. Wedgewood Partners stated the following regarding Zoetis Inc. (NYSE:ZTS) in its second quarter 2025 investor letter: "We recently initiated a position in Zoetis Inc. (NYSE:ZTS), the global leader in animal healthcare. The Company provides a range of products from medicines and vaccines to diagnostic testing, plus a variety of related products and services for pets and livestock in over 100 countries. In the U.S., where the Company generates roughly 55% of its revenue, its business skews heavily toward pets. In the rest of the world, the Company's business skews more heavily toward livestock, particularly in developing markets. Globally, the split between animal types falls roughly 70% pet and 30% livestock. A veterinarian administering a vaccine to a herd of cattle in a farm. Zoetis Inc. (NYSE:ZTS) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 74 hedge fund portfolios held Zoetis Inc. (NYSE:ZTS) at the end of the first quarter, compared to 76 in the previous quarter. In the first quarter of 2025, Zoetis Inc. (NYSE:ZTS) posted $2.2 billion in revenue, growing 1% on a reported basis and 9% on an organic operational basis. While we acknowledge the potential of ZTS 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. In another article, we covered Zoetis Inc. (NYSE:ZTS) and shared the list of best dividend stocks in the pharma sector. In addition, please check out our hedge fund investor letters Q2 2025 page for more investor letters from hedge funds and other leading investors. 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
19-07-2025
- Business
- Yahoo
Wedgewood Partners Continues to Hold Copart (CPRT)
Wedgewood Partners, an investment management company, released its second-quarter 2025 investor letter. A copy of the letter can be downloaded here. In the second quarter, Wedgewood Composite's net return was 7.1% compared to the Standard & Poor's 10.9%, the Russell 1000 Growth Index's 17.8%, and the Russell 1000 Value Index's 3.8% return for the same period. In addition, you can check the fund's best 5 holdings to know its best picks in 2025. In its second quarter 2025 investor letter, Wedgewood Partners highlighted stocks such as Copart, Inc. (NASDAQ:CPRT). Copart, Inc. (NASDAQ:CPRT) is an online auction and vehicle remarketing services providing company. The one-month return of Copart, Inc. (NASDAQ:CPRT) was -4.16%, and its shares lost 11.15% of their value over the last 52 weeks. On July 17, 2025, Copart, Inc. (NASDAQ:CPRT) stock closed at $45.89 per share, with a market capitalization of $44.373 billion. Wedgewood Partners stated the following regarding Copart, Inc. (NASDAQ:CPRT) in its second quarter 2025 investor letter: "Copart, Inc. (NASDAQ:CPRT) detracted from performance during the quarter. Adjusted volumes were flat (up +1%), which was a bit weaker than expected. Copart continues to have dominant market share in the salvage resale market. However, their primary competitor, IAA, recently bid aggressively for market share at a large insurance carrier customer (likely Progressive). While disruptive in the near-term, we believe this shift in volume is not sustainable because Copart's service offering is superior to IAA's. We continue to hold Copart as a core weighting in portfolios." A busy car auction being held at a leading car dealership, buyers and sellers engaging in active bidding. Copart, Inc. (NASDAQ:CPRT) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 57 hedge fund portfolios held Copart, Inc. (NASDAQ:CPRT) at the end of the first quarter, which was 53 in the previous quarter. While we acknowledge the potential of CPRT 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. In another article, we covered Copart, Inc. (NASDAQ:CPRT) and shared SVN Capital Fund's views on the company. In addition, please check out our hedge fund investor letters Q2 2025 page for more investor letters from hedge funds and other leading investors. 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. Inicia sesión para acceder a tu cartera de valores
Yahoo
19-07-2025
- Business
- Yahoo
Booking Holdings (BKNG) Benefited from Strong Travel Spending and Share Buybacks
Wedgewood Partners, an investment management company, released its second-quarter 2025 investor letter. A copy of the letter can be downloaded here. In the second quarter, Wedgewood Composite's net return was 7.1% compared to the Standard & Poor's 10.9%, the Russell 1000 Growth Index's 17.8%, and the Russell 1000 Value Index's 3.8% return for the same period. In addition, you can check the fund's best 5 holdings to know its best picks in 2025. In its second quarter 2025 investor letter, Wedgewood Partners highlighted stocks such as Booking Holdings Inc. (NASDAQ:BKNG). Headquartered in Norwalk, Connecticut, Booking Holdings Inc. (NASDAQ:BKNG) provides online travel and restaurant booking services. The one-month return of Booking Holdings Inc. (NASDAQ:BKNG) was 7.16%, and its shares gained 43.27% of their value over the last 52 weeks. On July 17, 2025, Booking Holdings Inc. (NASDAQ:BKNG) stock closed at $5,683.94 per share with a market capitalization of $184.957 billion. Wedgewood Partners stated the following regarding Booking Holdings Inc. (NASDAQ:BKNG) in its second quarter 2025 investor letter: "Booking Holdings Inc. (NASDAQ:BKNG) contributed to performance as travel spending across the Company's core ex-U.S. markets, particularly Europe, remained healthy. The Company also continues to take share in alternative accommodations. The Company is on track to expand margins after a few years of reinvestment. Over the past several years, Booking has been aggressively reducing its share count at what we think have been attractive multiples, helping compound earnings at a solid, double-digit clip." A fast-paced travel agent making a bookings for a family vacation package. Booking Holdings Inc. (NASDAQ:BKNG) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 102 hedge fund portfolios held Booking Holdings Inc. (NASDAQ:BKNG) at the end of the first quarter, which was 99 in the previous quarter. In the first quarter Booking Holdings Inc.'s (NASDAQ:BKNG) revenue increased 8% to $4.8 billion. While we acknowledge the potential of BKNG 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. In another article, we covered Booking Holdings Inc. (NASDAQ:BKNG) and shared the list of best large cap stocks to buy. In addition, please check out our hedge fund investor letters Q2 2025 page for more investor letters from hedge funds and other leading investors. 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
19-07-2025
- Business
- Yahoo
Tractor Supply (TSCO) Traded Down Due to Unfavorable Weather
Wedgewood Partners, an investment management company, released its second-quarter 2025 investor letter. A copy of the letter can be downloaded here. In the second quarter, Wedgewood Composite's net return was 7.1% compared to the Standard & Poor's 10.9%, the Russell 1000 Growth Index's 17.8%, and the Russell 1000 Value Index's 3.8% return for the same period. In addition, you can check the fund's best 5 holdings to know its best picks in 2025. In its second quarter 2025 investor letter, Wedgewood Partners highlighted stocks such as Tractor Supply Company (NASDAQ:TSCO). Tractor Supply Company (NASDAQ:TSCO) is a rural lifestyle retailer in the United States. The one-month return of Tractor Supply Company (NASDAQ:TSCO) was 8.21%, and its shares gained 5.85% of their value over the last 52 weeks. On July 17, 2025, Tractor Supply Company (NASDAQ:TSCO) stock closed at $56.83 per share with a market capitalization of $30.131 billion. Wedgewood Partners stated the following regarding Tractor Supply Company (NASDAQ:TSCO) in its second quarter 2025 investor letter: "Tractor Supply Company (NASDAQ:TSCO) detracted from portfolio performance during the quarter after posting a modest decline in earnings on slightly negative sales driven by unfavorable weather during the spring selling season. The vagaries of inclement seasonal weather, be what they may, Tractor Supply continues to be a best-in-class retailer that focuses on serving their niche customers living in and maintaining rural homes and homesteads, with higher-than-average incomes. During the height of COVID-19 in the U.S., the Company grew substantially faster than their historical rates. Since then, and as consumer spending patterns have over corrected back towards services, we have seen growth normalize. However, Tractor Supply continues to exhibit excellent returns on capital and has ample addressable market to continue driving double-digit earnings growth through 2030." An equestrian rider proudly leading a horse around a competition course. Tractor Supply Company (NASDAQ:TSCO) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 37 hedge fund portfolios held Tractor Supply Company (NASDAQ:TSCO) at the end of the first quarter, which was 40 in the previous quarter. In the first quarter of 2025, Tractor Supply Company (NASDAQ:TSCO) reported revenue of $3.47 billion, an increase of 2.1% year-over-year. While we acknowledge the potential of TSCO 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. In another article, we covered Tractor Supply Company (NASDAQ:TSCO) and shared the list of the next generation dividend aristocrat stocks. In addition, please check out our hedge fund investor letters Q2 2025 page for more investor letters from hedge funds and other leading investors. 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. Sign in to access your portfolio
