Published on 24 May 2024 on Insider Monkey via Yahoo Finance
Aristotle Atlantic’s Focus Growth Composite Sold Tesla (TSLA) due to Deteriorating Fundamentals
Aristotle Atlantic Partners, LLC, an investment advisor, released its “Focus Growth Strategy” first quarter 2024 investor letter. A copy of the letter can be downloaded here. The market continued its rally in the first quarter and the S&P 500 Index rose 10.56% during the period. Aristotle Atlantic’s Focus Growth strategy returned 10.42% gross of fees (10.40% net of fees), in the first quarter underperforming the Russell 1000 Growth Index’s 11.41% total return. The relative underperformance was due to both allocation effects and security selection. In addition, you can check the top 5 holdings of the fund to know its best picks in 2024.
Aristotle Atlantic Focus Growth Strategy highlighted stocks like Tesla, Inc. (NASDAQ:TSLA), in the first quarter 2024 investor letter. Tesla, Inc. (NASDAQ:TSLA), with a market capitalization of $565.987 billion, designs, develops, manufactures, leases, and sells electric vehicles, and energy generation and storage systems. One-month return of Tesla, Inc. (NASDAQ:TSLA) was 5.37%, and its shares lost 8.20% of their value over the last 52 weeks. On May 23, 2024, Tesla, Inc. (NASDAQ:TSLA) stock closed at $173.74 per share.