Conventum – Alluvium Global Fund’s Largest Position: Ryanair Holdings plc (RYAAY)

Alluvium Asset Management, an asset management company, released its “Conventum – Alluvium Global Fund” second-quarter 2025 investor letter. A copy of the letter can be downloaded here. It appears that the market continues to rise on news of new tariff deals. In the quarter, the Fund was up 8.5% in USD terms, 3.1% in AUD terms, but down 0.1% in EUR terms. In addition, please check the fund’s top five holdings to know its best picks in 2025.

In its second-quarter 2025 investor letter, Conventum – Alluvium Global Fund highlighted stocks such as Ryanair Holdings plc (NASDAQ:RYAAY). Headquartered in Swords, Ireland, Ryanair Holdings plc (NASDAQ:RYAAY) provides scheduled passenger airline services. The one-month return of Ryanair Holdings plc (NASDAQ:RYAAY) was 1.62%, and its shares gained 44.25% of their value over the last 52 weeks. On August 27, 2025, Ryanair Holdings plc (NASDAQ:RYAAY) stock closed at $63.28 per share, with a market capitalization of $33.554 billion.

Conventum – Alluvium Global Fund stated the following regarding Ryanair Holdings plc (NASDAQ:RYAAY) in its second quarter 2025 investor letter:

“Ryanair Holdings plc (NASDAQ:RYAAY), the European budget airline, was up 29.0%. It released full year results. The same theme continues – with its low cost position strengthening, but its expansion being hindered by Boeing delivery delays. Interestingly, management has revealed plans to open two engine maintenance facilities at a likely cost of USD 600m. We expect its reasoning is to control this critical business function. By doing so, it will no longer be privy to the third party service agents (perhaps its recent experience with Boeing was a catalyst). Ryanair is also buying back shares, management proposed a 20% dividend increase, and its foreign ownership restrictions were lifted. This led to MSCI inclusion in the end of May, which was likely a contributing factor to the strong share price performance. Ryanair has grown to be the Fund’s largest position (7.9%). We’re comfortable with this. As we updated our analysis, our estimate of maintainable owners earnings increased as did our valuation, and it trades at a slightly lower price than that conservative valuation.”

Is Ryanair Holdings plc (RYAAY) the Best Airline Stock to Buy Now?

Ryanair Holdings plc (NASDAQ:RYAAY) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 23 hedge fund portfolios held Ryanair Holdings plc (NASDAQ:RYAAY) at the end of the second quarter, which was 22 in the previous quarter. While we acknowledge the risk and potential of Ryanair Holdings plc (NASDAQ:RYAAY) as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than Ryanair Holdings plc (NASDAQ:RYAAY) and that has 10,000% upside potential, check out our report about this cheapest AI stock.

In another article, we covered Ryanair Holdings plc (NASDAQ:RYAAY) and shared the list of top industrial stocks to buy amid easing tariff uncertainties. In addition, please check out our hedge fund investor letters Q2 2025 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.