Investment management firm Plural Investing has released its Q4 2023 Investor Letter. You can download a copy of the same here. The fund's gross return for the fourth quarter was 14.5% and its net return was 14.3%. The company's goal is to generate significantly higher revenues than the world market in his five years. Plus, check out the fund's top 5 holdings to find out the best stocks for 2023.
Plural Investing featured stocks such as XPEL, Inc. (NASDAQ:XPEL) in its Q4 2023 Investor Letter. XPEL, Inc. (NASDAQ:XPEL), headquartered in San Antonio, Texas, manufactures and sells automotive products. On January 24, 2024, XPEL, Inc. (NASDAQ:XPEL) stock closed at $52.76 per share. His 1-month return for XPEL, Inc. (NASDAQ:XPEL) is -2.31%, with the company's stock losing 30.39% of its value over the past 52 weeks. XPEL, Inc. (NASDAQ:XPEL) has a market capitalization of $1.458 billion.
Plural Investing has this to say about XPEL, Inc. (NASDAQ:XPEL) in its Q4 2023 Investor Letter:
”XPEL Co., Ltd. (NASDAQ:XPEL) is a global supplier of protective films. Similar to the film that protects the surface of your phone, XPEL's film can be applied to your car body, car window, or home or office window to protect against scratches and chips, as well as provide privacy and UV protection. can. The company is led by CEO Ryan Pape, who has high integrity, a strong customer focus, and a focus on long-term value creation when allocating capital. Pape said he became CEO in 2010 and took the company from the brink of bankruptcy to its current valuation of $1.4 billion. He owns $57 million worth of shares in his and his age is 42 years old, giving him a long way to go and an incentive to compound his capital. We invested in XPEL stock in 2020 between $11 and $15 and have been shareholders ever since, with a tendency to reduce positions between $70 and $100 and increase positions between $40 and $50. had. Late last year, the stock price halved from the $80s to the low $40s, largely due to reports from short sellers. As a result, our stock ownership has nearly tripled. The current stock price is $50, but it could be worth between $100 and $150 in three years.
We believe that XPEL is one of the highest quality businesses we've ever come across, and its competitive advantages are widely misunderstood. We believe its advantages are its size, customer focus, superior owner/operators, and culture. ”
XPEL's main product is paint protection film (“PPF”), which accounts for 57% of its revenue. We have approximately 40% market share in the US and estimate that we are the largest player…” (Click here to read the full story)
A mechanic works at a busy auto service station with many customers.
XPEL, Inc. (NASDAQ:XPEL) isn't on our list of 30 most popular stocks among hedge funds. According to our database, 14 hedge fund portfolios held his XPEL, Inc. (NASDAQ:XPEL) at the end of the third quarter, compared to 13 in the previous quarter.
We discussed XPEL, Inc. (NASDAQ:XPEL) in a separate article and shared Polen Capital's take on the company last quarter. Additionally, for investor letters from hedge funds and other leading investors, please visit our Hedge Fund Investor Letters Q4 2023 page.
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Disclosure: None. This article was originally published on Insider Monkey.
