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Hotchkis & Wiley, an investment management company, released its “Hotchkis & Wiley Large Cap Fundamental Value Fund” fourth quarter 2024 investor letter. A copy of the letter can be downloaded here. The Hotchkis & Wiley Large Cap Fundamental Value Fund returned - 0.91% in the fourth quarter, outperforming the Russell 1000 Value Index’s -1.98% return. However, for the full year, the portfolio underperformed the index returning 12.81% vs. 14.37% for the index. For more information on the fund’s best picks in 2024, please check its top five holdings.
In its fourth quarter 2024 investor letter, Hotchkis & Wiley Large Cap Fundamental Value Fund emphasized stocks such as General Motors Company (NYSE:GM). General Motors Company (NYSE:GM) is an automobile manufacturer. The one-month return of General Motors Company (NYSE:GM) was -1.48%, and its shares gained 2.82% of their value over the last 52 weeks. On March 28, 2025, General Motors Company (NYSE:GM) stock closed at $46.68 per share with a market capitalization of $46.447 billion.
Hotchkis & Wiley Large Cap Fundamental Value Fund stated the following regarding General Motors Company (NYSE:GM) in its Q4 2024 investor letter:
"General Motors Company (NYSE:GM) reported strong Q3 earnings results and improved free cash flow guidance. We like GM for many reasons. First, we believe GM has leading market positions in its main business segments. Second, the valuation is extremely attractive. Finally, we believe it is a strong free cash flow generator, and the management team is committed to repurchasing their undervalued shares."
An engineer inspecting an automobile engine powered by thermal management products.
General Motors Company (NYSE:GM) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 68 hedge fund portfolios held General Motors Company (NYSE:GM) at the end of the fourth quarter compared to 64 in the third quarter. While we acknowledge the potential of General Motors Company (NYSE:GM) 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.
We covered General Motors Company (NYSE:GM) in another article, where we shared top stock picks from Diamond Hill Capital stock portfolio. General Motors Company (NYSE:GM) was the top contributor to Diamond Hill Large Cap Concentrated Fund's performance in Q4 2024. In addition, please check out our hedge fund investor letters Q4 2024 page for more investor letters from hedge funds and other leading investors.