Recurve Capital, an investment management company, released its Q4 2024 investor letter. A copy of the letter can be downloaded here. Recurve had an impressive performance in 2024, successfully bouncing back from the drawdown experienced in 2022 more quickly than anticipated. The fourth quarter proved to be particularly strong, achieving nearly +13% in gross returns, compared favorably to the S&P 500 (+2.1%), Nasdaq (+6.2%), and Russell 2000 (flat). In addition, you can check the fund’s top 5 holdings to find out its best picks for 2024.
In its fourth quarter 2024 investor letter, Recurve Capital emphasized stocks such as Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH). Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) is a cruise company that operates through Norwegian Cruise Line, Oceania Cruises, and Regent Seven Seas Cruises brands. The one-month return Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) was 8.53%, and its shares gained 60.74% of their value over the last 52 weeks. On February 5, 2024, Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) stock closed at $28.13 per share, with a market capitalization of $12.369 billion.
Recurve Capital stated the following regarding Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) in its Q4 2024 investor letter:
“Cruise companies (RCL and Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)) – 12% of assets as of 12/31/2024
Is Norwegian Cruise Line Holdings Ltd. (NCLH) The Best Travel Stock To Buy Right Now?
A luxurious cruise ship overlooking a stunning horizon, highlighting the variety of its itineraries.
Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 33 hedge fund portfolios held Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) at the end of the third quarter which was 31 in the previous quarter. While we acknowledge the potential of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is as promising as NVIDIA but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
In another article, we discussed Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) and shared the list of high growth travel services stocks for 2025. Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) was a major contributor to Aristotle Capital Global Equity Strategy’s performance during Q4 2024. In addition, please check out our hedge fund investor letters Q3 2024 page for more investor letters from hedge funds and other leading investors.
