From Yahoo Finance: 2025-03-31 09:31:00

Hotchkis & Wiley released its Q4 2024 investor letter, revealing a -2.39% return for its Mid-Cap Value Fund, underperforming the Russell Midcap Value Index. Value stocks fell behind growth stocks in 2024. The fund’s top holdings and performance details can be found in the letter.

The letter highlighted Telefonaktiebolaget LM Ericsson (ERIC) as a key stock, offering telecommunications equipment and services. ERIC’s shares saw a 41.45% increase over the last year. The company continues to show signs of revenue stabilization and margin improvement, particularly in the North American market.

Telefonaktiebolaget LM Ericsson (ERIC) recently partnered with SoftBank to introduce AI and 6G technology in Japan, marking a significant technological advancement. Despite not being among the top 30 stocks held by hedge funds, ERIC’s potential as an investment remains notable. AI stocks are seen as more promising for higher returns within a shorter timeframe.

Read more: Here’s Why Telefonaktiebolaget LM Ericsson (publ) (ERIC) Surged in Q4