Published on 31 May 2024 on Insider Monkey via Yahoo Finance
RiverPark Advisors, an investment advisory firm and sponsor of the RiverPark family of mutual funds, released its “RiverPark Large Growth Fund” first quarter 2024 investor letter. A copy of the letter can be downloaded here. During the first quarter, the markets performed strongly. The Russell 1000 Growth Index (RLG) and the S&P 500 index returned 11.41% and 10.56%, respectively during the quarter and RPX returned 9.20%. The monthly inflation readings in the first quarter exceeded market expectations. A couple of megatrends that drove the markets higher were GLP-1 weight loss drugs and everything related to artificial intelligence (AI). In addition, please check the fund’s top five holdings to know its best picks in 2024.
RiverPark Large Growth Fund highlighted stocks like The Walt Disney Company (NYSE:DIS), in the first quarter 2024 investor letter. The Walt Disney Company (NYSE:DIS) is an entertainment company operates through Entertainment, Sports, and Experiences segments. The one-month return The Walt Disney Company (NYSE:DIS) was -10.52%, and its shares gained 12.04% of their value over the last 52 weeks. On May 30, 2024, The Walt Disney Company (NYSE:DIS) stock closed at $101.70 per share with a market capitalization of $185.403 billion.