Montaka Global Investments, an investment management company, released its third quarter 2024 investor letter. A copy of the letter can be downloaded here. The competitive advantages of the biggest investee companies in Montaka kept getting better, and their businesses were doing incredibly well. The companies in Montaka’s portfolio are far more valuable than what their stock prices suggest. This strengthens the emphasis of and lends greater credibility to Montaka’s investing strategy, which was updated and refined over four years ago. In addition, please check the fund’s top five holdings to know its best picks in 2024.
Montaka Global Investments highlighted stocks like KKR & Co. Inc. (NYSE:KKR) in the third quarter 2024 investor letter. KKR & Co. Inc. (NYSE:KKR) is an equity and real estate investment firm. The one-month return of KKR & Co. Inc. (NYSE:KKR) was -5.03%, and its shares gained 82.36% of their value over the last 52 weeks. On December 24, 2024, KKR & Co. Inc. (NYSE:KKR) stock closed at $152.58 per share with a market capitalization of $140.121 billion.
Montaka Global Investments stated the following regarding KKR & Co. Inc. (NYSE:KKR) in its Q3 2024 investor letter:
“Blackstone and KKR & Co. Inc. (NYSE:KKR) have been successfully investing their clients’ capital for nearly 40 years, and 50 years, respectively. With more than US$1.6 trillion in assets under management between them, world-leading brands, and long-term track records, these managers are uniquely advantaged in their access to talent, capital, and the best deals all around the world.
A modern looking financial adviser sitting in front of a trading monitor, gesturing to a group of investors.
KKR & Co. Inc. (NYSE:KKR) is not on our list of 31 Most Popular Stocks Among Hedge Funds. As per our database, 66 hedge fund portfolios held KKR & Co. Inc. (NYSE:KKR) at the end of the third quarter which was 75 in the previous quarter. While we acknowledge the potential of KKR & Co. Inc. (NYSE:KKR) 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.
