For the first nine months of 2024, Blue Grotto Capital is up 25.6% net.
According to the $750 million hedge fund's latest 13F, its top 10 holdings by market value are Sea Ltd., Meta Platforms, TKO Group Holdings, Despegar, Mitek Systems, Nice Ltd., Amazon, CACI International, Viad Corp., and News Corp.
Among the firm's top buys were Meta, CRH Plc, Despegar, Amazon and Carpenter Technology. Blue Grotto also picked up some additional shares of Mitek, Nice Ltd. and LendingTree.
On the other hand, the hedge fund shed some shares of Sea Ltd., Applovin, Alphabet, and Generac Holdings while exiting Visa, Willis Towers Watson, AMD, Franklin Covey, and Perficient during the third quarter.
Blue Grotto's new positions during the third quarter were Nutanix, CRH Plc, and Carpenter Technology.
What the firm's winners have in common
In his third-quarter letter to investors, which was obtained by Hedge Fund Alpha, Ben Gordon reported that they have had a few losers in their long book year to date, especially
Login required to continue reading.
Setup a free account to get access to this article (no credit card required).
View Full Article
