Montaka Global Investments, an investment management company, released its third quarter 2024 investor letter. A copy of the letter can be downloaded here. The competitive advantages of the biggest investee companies in Montaka kept getting better, and their businesses were doing incredibly well. The companies in Montaka’s portfolio are far more valuable than what their stock prices suggest. This strengthens the emphasis of and lends greater credibility to Montaka’s investing strategy, which was updated and refined over four years ago. In addition, please check the fund’s top five holdings to know its best picks in 2024.
Montaka Global Investments highlighted stocks like Amazon.com, Inc. (NASDAQ:AMZN) in its Q3 2024 investor letter. Amazon.com, Inc. (NASDAQ:AMZN) provides consumer products, advertising, and subscription services through online and physical stores that operate through North America, International, and Amazon Web Services (AWS) segments. The one-month return of Amazon.com, Inc. (NASDAQ:AMZN) was 10.41%, and its shares gained 48.14% of their value over the last 52 weeks. On December 24, 2024, Amazon.com, Inc. (NASDAQ:AMZN) stock closed at $229.05 per share with a market capitalization of $2.389 trillion.
Montaka Global Investments stated the following regarding Amazon.com, Inc. (NASDAQ:AMZN) in its Q3 2024 investor letter:
“Secondly, in August, we sold some of our holdings in two tactical positions in the tail of Montaka’s portfolio – Advanced Micro Devices (AMD) and Kyndryl Holdings (KD) – to take advantage of a near-20% drawdown in the stock price of Amazon.com, Inc. (NASDAQ:AMZN).
