Philip Morris International contributed to Andvari Associates' strong Q1 performance

From Yahoo Finance: 2025-04-10 11:48:00

Andvari Associates, an investment management firm, released its first-quarter 2025 investor letter, reporting a 7.2% return net of fees, outperforming the SPDR S&P 500 ETF’s 4.3% decline. The fund’s top 5 holdings include Philip Morris International Inc. (NYSE:PM), which saw a 0.87% one-month return and a 69.74% gain over 52 weeks, closing at $151.80 per share on April 9, 2025.

In its Q1 2025 investor letter, Andvari Associates highlighted Philip Morris International Inc. (NYSE:PM) as a key stock, emphasizing the company’s efforts towards a smoke-free future. The firm discussed its positive investment in tobacco companies like Philip Morris and Altria, noting their contribution to Andvari’s recent overall performance.

Philip Morris International Inc. (NYSE:PM) is not among the 30 most popular stocks among hedge funds, with 102 portfolios holding the stock at the end of Q4 2024. Andvari Associates sees potential in AI stocks for higher returns in a shorter timeframe, recommending investors explore opportunities in AI stocks like NVIDIA for promising investments.



Read more at Yahoo Finance: Philip Morris International (PM) Contributed to Andvari Associates’ Q1 Performance