From Yahoo Finance: 2025-04-17 10:49:00

Wedgewood Partners released its Q1 2025 investor letter, reporting a -6.3% net return for the first quarter. The fund’s top holdings include PayPal Holdings, Inc. (PYPL), which saw a -12.79% one-month return and closed at $60.24 per share on April 16, 2025, with a market cap of $60.057 billion.

In the investor letter, Wedgewood Partners mentioned that PayPal Holdings, Inc. (PYPL) was a leading detractor from performance in Q1 2025. Despite growth in branded checkout and total payment volumes, the company’s stock lost value. With nearly $20 billion in share repurchases authorized, PayPal remains a significant weight in the fund’s portfolio.

PayPal Holdings, Inc. (PYPL) is not among the 30 most popular stocks among hedge funds, with 94 funds holding it at the end of Q4 2024. While PayPal has potential, hedge funds see more promise in AI stocks for higher returns. For more on undervalued quality stocks and investor letters, visit Insider Monkey’s page.

Read more: Here’s Why Wedgewood Partners is Holding PayPal Holdings (PYPL)