Tsai Capital Corporation’s Q4 2023 Investor Letter Highlights Impressive Returns for Alphabet Inc. and Its Top Hedge Fund Ranking
Tsai Capital Corporation, an investment management firm, recently released its fourth-quarter 2023 investor letter, showcasing remarkable results for its Tsai Capital Growth Equity Strategy. According to the letter, the strategy gained an impressive 56.81% gross of fees and 55.07% net of fees for the year ended December 31, 2023, outperforming the S&P 500 Index’s total return of 26.29%.
This exceptional performance further solidified Tsai Capital Corporation’s long-standing success, as the strategy has achieved a cumulative gain of 691% before fees and 472% after fees since its inception 24 years ago. In comparison, the S&P 500 Index garnered a total return of 401%. Investors can access a copy of the investor letter to gain deeper insights into Tsai Capital Corporation’s approach and top holdings.
One key highlight from the investor letter is the inclusion of Alphabet Inc. (NASDAQ:GOOG) among Tsai Capital Corporation’s featured stocks for the fourth quarter of 2023. Headquartered in Mountain View, California, Alphabet Inc. is a multinational technology company with an exceptional market capitalization of $1.795 trillion.
On January 12, 2024, Alphabet Inc. (NASDAQ:GOOG) stock closed at $144.24 per share, showcasing its robust performance. Over the last month, Alphabet Inc.’s stock experienced a 7.77% return, contributing to an impressive 55.43% increase in its value over the past year.
Tsai Capital Corporation highlighted Alphabet Inc. (NASDAQ:GOOG) as the 7th most popular stock among hedge funds, with 163 hedge fund portfolios holding the stock at the end of the third quarter of 2023, compared to 152 in the previous quarter. This indicates the strong confidence and interest that hedge funds have in Alphabet Inc.’s potential.
Moreover, Tsai Capital Corporation previously discussed Alphabet Inc. (NASDAQ:GOOG) in another article, where they shared the company’s designation as one of the best AI stocks for 2024. Readers can explore Tsai Capital Corporation’s hedge fund investor letters Q4 2023 page for more investor letters from leading investors and hedge funds.
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In conclusion, Tsai Capital Corporation’s Q4 2023 investor letter showcased impressive returns for Alphabet Inc. and highlighted its top hedge fund ranking. With its strong market presence, consistent growth, and recognition as one of the best AI stocks, Alphabet Inc. continues to be a compelling investment opportunity in the technology industry. Investors and market enthusiasts can monitor Alphabet Inc.’s performance closely as it continues to shape the future of innovation and technology.
