Springview Capital Management’s Views on Seaport Entertainment (SEG)

Springview Capital Management, an investment management company, released its first quarter 2025 investor letter. A copy of the letter can be downloaded here. Springview Partnership returned –1.8% net of fees compared to a –4.3% decline in the S&P 500 Index and a –10.2% decline in the Nasdaq Composite. The firm’s long investments detracted around –2.7% while shorts and hedges contributed about +1.3%. For more information on the fund’s top picks in 2025, please check its top five holdings.

In its first-quarter 2025 investor letter, Springview Capital Management highlighted stocks such as Seaport Entertainment Group Inc. (AMEX:SEG). Seaport Entertainment Group Inc. (AMEX:SEG) develops, owns, and operates a portfolio of entertainment and real estate assets. The one-month return of Seaport Entertainment Group Inc. (AMEX:SEG) was 9.40%, and YTD its shares lost 29.19% of their value. On May 8, 2025, Seaport Entertainment Group Inc. (AMEX:SEG) stock closed at $19.03 per share with a market capitalization of $251.226 million.

Springview Capital Management stated the following regarding Seaport Entertainment Group Inc. (AMEX:SEG) in its Q1 2025 investor letter:

Seaport Entertainment Group Inc. (AMEX:SEG)) owns a collection of real estate and entertainment assets in New York City and Las Vegas. We purchased the shares shortly after the company was spun off from Howard Hughes last July. The position contributed meaningfully in 2024.

Little has changed in the underlying story to justify a >20% decline year-to-date—except investor impatience. Seaport’s $160 million enterprise value is a small fraction of the >$1 billion invested in its assets by the former parent. New management has been tasked with monetizing non-core holdings and stabilizing core real estate. One asset alone—a full city block zoned for development in Lower Manhattan—might be worth the entire current market cap. A successful sale could serve as a near-term catalyst.”

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Seaport Entertainment Group Inc. (AMEX:SEG) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 13 hedge fund portfolios held Seaport Entertainment Group Inc. (AMEX:SEG) at the end of the fourth quarter, compared to 15 in the third quarter. Seaport Entertainment Group Inc. (AMEX:SEG) reported total consolidated revenues of $22.8 million for the fourth quarter, which remained mostly unchanged compared to the previous year. While we acknowledge the potential of Seaport Entertainment Group Inc. (AMEX:SEG) 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 covered Seaport Entertainment Group Inc. (AMEX:SEG) and shared the list of best stocks to buy from Bill Ackman’s Stock Portfolio. In Q1 2025, Plural Investing increased its position in Seaport Entertainment Group Inc. (AMEX:SEG) due to increasing confidence in management’s ability to unlock value. In addition, please check out our hedge fund investor letters Q1 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.