O’keefe Stevens Advisory, an investment advisory firm, released its first-quarter 2024 investor letter. A copy of the letter can be downloaded here. Soft-landing expectations drove the S&P 500’s 11% gain in Q1. Despite geopolitical tensions, the market is cool, however, inflation is still a concern for the firm. The top five positions accounted for almost 34% of the assets held by O’keefe Stevens Advisory. In addition, please check the fund’s top five holdings to know its best picks in 2024.
O’keefe Stevens Advisory featured stocks like AerCap Holdings N.V. (NYSE:AER) in the first quarter 2024 investor letter. Headquartered in Dublin, Ireland, AerCap Holdings N.V. (NYSE:AER) engages in the lease, financing, sale, and management of flight equipment. On May 10, 2024, AerCap Holdings N.V. (NYSE:AER) stock closed at $91.17 per share. One-month return of AerCap Holdings N.V. (NYSE:AER) was 9.82%, and its shares gained 62.34% of their value over the last 52 weeks. AerCap Holdings N.V. (NYSE:AER) has a market capitalization of $18.214 billion.
O’keefe Stevens Advisory stated the following regarding AerCap Holdings N.V. (NYSE:AER) in its first quarter 2024 investor letter:
“In Q1, we initiated a new position in AerCap Holdings N.V. (NYSE:AER). We outlined the thesis in our Q4 2023 letter and discussed the thesis on Hustlehub. We will refer you to these resources for the thesis. We’ve added to the position several times and believe that even though the stock was up 20% in Q1, it has 40% near-term upside as the market continues to underappreciate the duration of the leasing hard market.”
A large commercial aircraft soaring through the clouds, its window reflecting the clouds and the blue sky.
AerCap Holdings N.V. (NYSE:AER) is not on our list of 30 Most Popular Stocks Among Hedge Funds. At the end of the fourth quarter, AerCap Holdings N.V. (NYSE:AER) was held by 61 hedge fund portfolios, up from 54 in the previous quarter, according to our database. In addition, please check out our hedge fund investor letters Q1 2024 page for more investor letters from hedge funds and other leading investors.
We discussed AerCap Holdings N.V. (NYSE:AER) in another article and shared the list of most profitable companies with highest margins in the world. Cooper Investors Global Equities Fund discussed AerCap Holdings N.V. (NYSE:AER) in its first quarter 2024 investor letter and expressed confidence in the growth potential of the company. In the Q4 2023 investor letter O’keefe Stevens Advisory addressed the 2024 growth catalytic of AerCap Holdings N.V. (NYSE:AER).
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Disclosure: None. This article is originally published at Insider Monkey.