This Financials-Focused Hedge Fund Outlined Its Thesis for Shift4

The 14B Parsec Fund returned 8.4% in 2024, bumping up its return since inception in January 2009 to 892.95%. The S&P 500 returned 25% in 2024, while the MSCI World Index gained 19.22%.

Since the fund’s inception, the S&P 500 is up 787.28%, and the MSCI World has gained 496.61%.

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Payments investments

Since 14B’s inception, its foundations have been set on financials, communication services and technology. Of course, those industries have consistently remained among the Global Industry Classification Standard system’s largest industry groups.

They also include some of the world’s most important companies, like Apple, Microsoft, Meta Platforms, Alphabet, Mastercard, Visa, Charter Communications, Comcast and Walt Disney. The fund’s exposures to those three sectors...