From Yahoo Finance: 2025-04-01 08:00:00

JDP Capital Management’s fourth quarter 2024 investor letter reported a 10.4% gain, resulting in a total return of 47.9% for the year, outperforming the S&P 500. The fund highlighted Spotify Technology S.A. (NYSE:SPOT) as a top performer, with a one-month return of -5.84% and a 104.03% increase over the last 52 weeks, closing at $550.03 per share on March 31, 2025.

In the investor letter, JDP Capital Management praised Spotify Technology S.A. (NYSE:SPOT) for its 148% increase in 2024, making it the largest contributor to the fund’s performance for the second consecutive year. Despite trimming the position in June 2024, Spotify remains the fund’s largest holding, with a significant rise since 2022.

Spotify Technology S.A. (NYSE:SPOT) ranked 25th on the list of 30 Most Popular Stocks Among Hedge Funds in the fourth quarter of 2024. While 101 hedge fund portfolios held SPOT, SRS Investment Management sees greater potential in AI stocks for higher returns in a shorter timeframe. They recommend exploring AI stocks like NVIDIA for promising investments.

Read more: Spotify (SPOT) Rose 148% in 2024