The Praesidium Strategic Software Opportunities Fund returned 10.2% net for the fourth quarter, bringing its full-year return for 2024 to 38.6% net. The Russell 2500 returned 0.6% for the fourth quarter and 12% for the full year, while the Russell 2000 was up 0.3% for the quarter and 11.5% for the year. The Russell 2500 Growth Index Software and Computer Services gained 11.7% in the fourth quarter and 13.3% in 2024.
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The Praesidium fund’s top three contributors during the fourth quarter were Intapp, ServiceNow and CyberArk Software, while the top detractors were Zeta Global and...
