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Investor Letter

All articles tagged with #investor letter

finance1 year ago

"Tesla (TSLA) Stock Drops as Q3 Results Disappoint Investors"

Fred Alger Management's "Alger Spectra Fund" outperformed the Russell 3000 Growth Index in Q4 2023, with Tesla, Inc. (NASDAQ:TSLA) being one of its featured stocks. Despite Tesla's weaker-than-expected Q3 earnings due to factory downtime and production ramp-up, the company remains confident in its full self-driving capabilities. With 82 hedge fund portfolios holding Tesla at the end of Q4, the stock closed at $202.64 per share on March 1, 2024, showing a 11.92% one-month return.

via Yahoo Finance|
#electric-vehicles#finance#hedge-funds
finance1 year ago

Lattice Semiconductor (LSCC) Faces Stock Decline Amid Disappointing Q4 Results

Carillon Tower Advisers' fourth quarter 2023 investor letter highlighted the performance of small-cap stocks, including Lattice Semiconductor Corporation (NASDAQ:LSCC), which saw a 7.05% one-month return but lost 13.96% over the last 52 weeks. The letter expressed disappointment in the company's growth trajectory but noted its potential to gain market share with current products and new announcements. Lattice Semiconductor Corporation is not among the 30 most popular stocks among hedge funds, and 25 hedge fund portfolios held the stock at the end of the third quarter.

via Yahoo Finance|
#carillon-eagle-small-cap-growth-fund#finance#investor-letter
business2 years ago

"Money Managers Pen Fiery Letter Amidst Tesla's Nordic Dispute"

A group of pension funds and asset managers managing a total of $1 trillion in assets have sent a letter to Tesla CEO Elon Musk, expressing their concerns about the company's attitude towards worker rights in Sweden. The investors, including Denmark's Velliv Pension & Livsforsikring A/S and AkademikerPension, are demanding that Tesla accept collective bargaining agreements for its staff and adhere to the "Nordic Model." The investors highlighted Tesla's sustainability credentials and its significant market share in the region, while also mentioning that Danish fund PensionDanmark A/S recently sold its $69 million stake in Tesla due to the ongoing conflict. The dispute has disrupted Tesla's operations in the Nordic region, with sympathy actions spreading to other trade unions and affecting deliveries, registration plates, and trash collection. The investors have requested a meeting with Tesla's board in early 2024 to discuss the matter.

via Yahoo Finance|
#business#investor-letter#nordic-region