Published on 22 Apr 2024 on Insider Monkey via Yahoo Finance

Do You Believe in the Growth Prospects of Sofi Technologies (SOFI)?

Patient Capital Management, a value investing firm, released its “Patient Capital Opportunity Equity Strategy” first quarter 2024 investor letter. A copy of the same can be downloaded here. During the quarter the strategy returned 11.8% net of fees compared to the S&P 500’s 10.6% return. The outperformance of the portfolio can be attributed to selection and allocation effects, which are partially counteracted by interaction effects, according to a three-factor performance attribution model. In addition, you can check the top 5 holdings of the fund to know its best picks in 2024.

Patient Capital Opportunity Equity Strategy featured stocks like SoFi Technologies, Inc. (NASDAQ:SOFI) in its Q1 2024 investor letter. Headquartered in San Francisco, California, SoFi Technologies, Inc. (NASDAQ:SOFI) offers various financial services. On April 22, 2024, SoFi Technologies, Inc. (NASDAQ:SOFI) stock closed at $7.25 per share. One-month return of SoFi Technologies, Inc. (NASDAQ:SOFI) was -2.68%, and its shares gained 24.36% of their value over the last 52 weeks. SoFi Technologies, Inc. (NASDAQ:SOFI) has a market capitalization of $7.66 billion.