Published on 27 May 2024 on Insider Monkey via Yahoo Finance
Should You Hold Apollo Global Management (APO)?
Baron Funds, an investment management company, released its “Baron FinTech Fund” first quarter 2024 investor letter. A copy of the letter can be downloaded here. In the first quarter, the fund rose 6.33% (Institutional Shares) compared to a 3.60% gain for the FactSet Global FinTech Index (Benchmark) and a 10.56% gain for the S&P 500 index. The major market indexes touched an all-time high in the quarter driven by robust economic data and relatively strong corporate earnings. In addition, please check the fund’s top five holdings to know its best picks in 2024.
Baron FinTech Fund highlighted stocks like Apollo Global Management, Inc. (NYSE:APO), in the first quarter 2024 investor letter. Apollo Global Management, Inc. (NYSE:APO) is a private equity firm focusing on real estate, credit, and private equity investments with a market capitalization of $65.731 billion. The one-month return of Apollo Global Management, Inc. (NYSE:APO) was 2.94%, and its shares gained 76.58% of their value over the last 52 weeks. On May 24, 2024, Apollo Global Management, Inc. (NYSE:APO) stock closed at $115.52 per share.