Alluvium Asset Management, an asset management company, released its “Conventum – Alluvium Global Fund” first-quarter 2025 investor letter. A copy of the letter can be downloaded here. In the quarter, the Fund was up 1.7% in USD terms and 1.1% in AUD terms but down 2.4% in EUR terms due to a strengthening currency. In addition, please check the fund’s top five holdings to know its best picks in 2025.
In its first-quarter 2025 investor letter, Conventum – Alluvium Global Fund highlighted stocks such as DICK’S Sporting Goods, Inc. (NYSE:DKS). DICK’S Sporting Goods, Inc. (NYSE:DKS) is an omni-channel sporting goods retailer. The one-month return of DICK’S Sporting Goods, Inc. (NYSE:DKS) was -0.96%, and its shares lost 23.47% of their value over the last 52 weeks. On June 18, 2025, DICK’S Sporting Goods, Inc. (NYSE:DKS) stock closed at $174.23 per share with a market capitalization of $13.947 billion.
Conventum – Alluvium Global Fund stated the following regarding DICK’S Sporting Goods, Inc. (NYSE:DKS) in its Q1 2025 investor letter:
“Despite reporting records sales, increased market share, and beating guidance, DICK’S Sporting Goods, Inc. (NYSE:DKS), the retailer, was down 11.4%. It continued to successfully reposition its store portfolio (and there is far more to come), and interestingly, despite increased landlord interest, it is now prepared to buy some strategic sites. It raised its dividend, but management issued cautious guidance of only a minor increase in sales and pretty flat earnings per share. There was a marginal increase in our valuation when updated, and at quarter’s end it traded at only a slight premium to it. We think the potential tariffs were mainly responsible for its poor performance. We bought more on price weakness, and it now represents 6.6% of Fund.”
A customer in a specialty concept store wearing a full outfit of apparels and sports gear.
DICK’S Sporting Goods, Inc. (NYSE:DKS) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 44 hedge fund portfolios held DICK’S Sporting Goods, Inc. (NYSE:DKS) at the end of the first quarter, which was 45 in the previous quarter. In the first quarter, DICK’S Sporting Goods, Inc.’s (NYSE:DKS) consolidated sales increased 5.2% year-over-year to $3.17 billion. While we acknowledge the potential of DICK’S Sporting Goods, Inc. (NYSE:DKS) 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 undervalued AI stock set for massive gains.
In another article, we covered DICK’S Sporting Goods, Inc. (NYSE:DKS) and shared the list of stocks that were discussed by Jim Cramer. In addition, please check out our hedge fund investor letters Q1 2025 page for more investor letters from hedge funds and other leading investors. While we acknowledge the potential of DKS as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
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Disclosure: None. This article is originally published at Insider Monkey.
