White Brook Capital Partners, an investment management firm, released its third-quarter 2024 investor letter. A copy of the letter can be downloaded here. The Fund’s NAV increased by 6.50%, YTD, net of all realized and accrued fees vs the S&P 400 MidCap Index up 13.55%. The firm believes that small and midcap stocks present a compelling opportunity. In addition, you can check the fund’s top 5 holdings to determine its best picks for 2024.
White Brook Capital Partners highlighted stocks like Afya Limited (NASDAQ:AFYA), in the third quarter 2024 investor letter. Afya Limited (NASDAQ:AFYA) is a Brazil based medical education group. The one-month return of Afya Limited (NASDAQ:AFYA) was -1.52%, and its shares gained 4.93% of their value over the last 52 weeks. On October 23, 2024, Afya Limited (NASDAQ:AFYA) stock closed at $16.80 per share with a market capitalization of $1.515 billion.
White Brook Capital Partners stated the following regarding Afya Limited (NASDAQ:AFYA) in its Q3 2024 investor letter:
“Afya Limited (NASDAQ:AFYA) and Green Plains were laggards during the quarter. As highlighted in the note, the Bertelessman family continues to consistently buy more stock in Afya and their ownership percentage of the company continues to grow even as the company continues to execute. While the US markets do not have a mandatory bid takeover provision when specific ownership levels are reached as some European markets do, at one point controlling the free cash flow becomes more important than the relatively small (in absolute terms) premium that will need to be spent on outstanding shares held by minority investors (us). At these depressed prices, we intend to hold and demand a premium.”
A doctor in a lab coat looking at a medical education computer screen, symbolizing digital health services.
Afya Limited (NASDAQ:AFYA) is not on our list of 31 Most Popular Stocks Among Hedge Funds. As per our database, 11 hedge fund portfolios held Afya Limited (NASDAQ:AFYA) at the end of the second quarter which was 10 in the previous quarter. Afya Limited’s (NASDAQ:AFYA) net revenue increased almost 14% in the second quarter, reached R$810 million. While we acknowledge the potential of Afya Limited (NASDAQ:AFYA) 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 Q3 2024 page for more investor letters from hedge funds and other leading investors.
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Disclosure: None. This article is originally published at Insider Monkey.