Long Cast Advisers, an investment management firm, released its first-quarter 2025 investor letter. A copy of the letter can be downloaded here. In the first quarter, the fund’s cumulative net returns declined by 20%. The fund returned a cumulative 196% net of fees, or 12% CAGR, since its inception in November 2015 through the quarter-end of Q1 2025. In addition, you can check the fund’s top 5 holdings to determine its best picks for 2025.
In its first-quarter 2025 investor letter, Long Cast Advisers highlighted stocks such as CoreCard Corporation (NYSE:CCRD). Headquartered in Norcross, Georgia, CoreCard Corporation (NYSE:CCRD) provides technology solutions and processing services to the financial technology and services industry. The one-month return of CoreCard Corporation (NYSE:CCRD) was 12.17%, and its shares gained 106.18% of their value over the last 52 weeks. On June 16, 2025, CoreCard Corporation (NYSE:CCRD) stock closed at $29.03 per share, with a market capitalization of $226.047 million.
Long Cast Advisers stated the following regarding CoreCard Corporation (NYSE:CCRD) in its Q1 2025 investor letter:
“CoreCard Corporation (NYSE:CCRD), our third biggest detractor in 1Q25, has already reversed those losses and is likely to be a top contributor in 2Q25. I believe that pathway remains firm for CCRD, which has the tailwind of easy comps driven by the re-priced Goldman Sachs contract as well as growing traction with new customers. Even at $30, it would trade at just 15x trailing EBITDA multiple.”
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CoreCard Corporation (NYSE:CCRD) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 12 hedge fund portfolios held CoreCard Corporation (NYSE:CCRD) at the end of the first quarter, which was 16 in the previous quarter. CoreCard Corporation (NYSE:CCRD) reported revenue of $16.7 million in the first quarter of 2025, representing a 28% year-over-year increase. While we acknowledge the potential of CoreCard Corporation (NYSE:CCRD) 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 CoreCard Corporation (NYSE:CCRD) and shared the list of best large cap energy stocks to buy according to hedge funds. 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 CCRD 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.
