Aoris Investment Management, a specialist international equity manager, released its Q4 2024 investor letter. A copy of the letter can be downloaded here. In 2024, Portfolio’s Class A (Unhedged) returned 22.9% after fees compared to 29.8% return for the benchmark. The fund’s Class C (Hedged) returned -12.3% compared to a 19.7% return for the benchmark. In addition, you can check the fund’s top 5 holdings to determine its best picks for 2024.

In its fourth quarter 2024 investor letter, Aoris Investment Management emphasized stocks such as Tractor Supply Company (NASDAQ:TSCO). Tractor Supply Company (NASDAQ:TSCO) is a rural lifestyle retailer in the United States. The one-month return of Tractor Supply Company (NASDAQ:TSCO) was 6.22%, and its shares gained 20.50% of their value over the last 52 weeks. On February 13, 2025, Tractor Supply Company (NASDAQ:TSCO) stock closed at $56.99 per share with a market capitalization of $30.39 billion.

Aoris Investment Management stated the following regarding Tractor Supply Company (NASDAQ:TSCO) in its Q4 2024 investor letter:

"Tractor Supply Company (NASDAQ:TSCO) is the leading farming supplies retailer in the US. Early in the year we grew concerned about its ability to continue to grow successfully in the face of rising competition from both online and offline peers. Tractor Supply’s long track record of market share gains is a good one and this extended through 2024. We will continue to reassess its growth prospects and competitive resilience going forward."

An equestrian rider proudly leading a horse around a competition course.

Tractor Supply Company (NASDAQ:TSCO) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 29 hedge fund portfolios held Tractor Supply Company (NASDAQ:TSCO) at the end of the third quarter which was 35 in the previous quarter. For the fiscal year, Tractor Supply Company's (NASDAQ:TSCO) net sales were nearly $14.9 billion, growing 2.2% compared to 2023. While we acknowledge the potential of Tractor Supply Company (NASDAQ:TSCO) 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.

In another article we discussed Tractor Supply Company (NASDAQ:TSCO) and shared the list of best dividend growth stocks. In addition, please check out our hedge fund investor letters Q3 2024 page for more investor letters from hedge funds and other leading investors.

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Disclosure: None. This article is originally published at Insider Monkey.