We recently published a list of Joe Dimenna’s share portfolio: Top 10 actions to buy. In this article, we will examine where Nvidia Corporation (Nasdaq: NVDA) applies to other main actions to buy Joe Dimenna portfolio.
Zweig-Dimenna Associates Inc. is an American hedge fund with an inheritance covering four decades. Created in 1984 by Joseph A. Dimenna and Martin Zweig, the company specializes in absolute performance investment. Its strategies include fundamental fundamental / short actions and macro-macro approaches, positioning it among the oldest hedge funds in industry. Dimenna is Managing Director and Investment Director, supervising the company’s partnerships and investment funds.
Dimenna’s initiation into the financial world began as a student in 1977 when he became a research assistant for the renowned investor Martin Zweig. Student passionate about stock markets since her start of adolescence, Dimenna was a passionate reader of financial newsletters, in particular the very popular of Zweig Zweig’s forecasts. He obtained a BS in finance from the Dolan School of Business from the University of Fairfield in 1980. Beyond his work in finance, he contributed to various organizations, being part of the boards of directors of the children’s area de Harlem, the orchestra of St. Luke’s, the Brearley School, the Brearley School, the Breadley Gilder Lehrman Institute of American History and the New York Historical Society.
Zweig, a doctorate. In Finance, was known for its data -based market analysis and the development of main investor feeling indicators, including the Put / Call ratio. His well -known investment maxims, such as “Don’t Fight the Fed” and “Don’t Fight the Tape”, considerably influenced Dimenna’s approach. Their professional relationship started when Dimenna, impressed by Zweig’s ideas, contacted it with market ideas and a request for a college recommendation. This correspondence led to its recruitment as a research assistant, a role that involved an in -depth analysis of the data, often plunging into market trends spread over 50 years. Zweig remained a key figure in Dimenna’s career until his death in 2013.
After graduating in 1980, Dimenna continued to work with Zweig, refining market research techniques and actions selection strategies. He assumed editorial responsibilities for an information bulletin focused on shares and co-developed a common fund negotiation company based on the principles of market synchronization. In 1983, Dimenna proposed to take advantage of their expertise to launch a hedge fund, a company relatively rare at the time, with less than ten funds of this type. In 1984, they created the first partnership of Zweig-Dimenna, followed by the launch of Zweig-Dimenna International Limited in 1987. Their approach combined the investment in long / short shares with macroeconomic risk management. Dimenna led the actions selection and investment process, while Zweig focused on wider market conditions, shaping the strategies that Dimenna implemented.
The fund quickly took importance for its solid yields. In 1999, Business week Dimenna recognized as “one of the best stocks of stocks that no one has ever heard”, highlighting the annualized return of 25% of 25% of the fund after the costs, considerably surpascing the total annualized yield of 18.6 % of the larger market.
The achievements of Domenna have earned him several distinctions. In 2002, the National Foundation for Entrepreneurship Teaching The “Entrepreneur of the Year” for its contributions to financial education. The Zweig-Dimenna International Speleration Fund has won Absolute Return Magazine “US Equity Fund of the Year” in 2007 after delivering an annual return of 82.25%, far exceeding the peers of the industry. In 2008, Alpha Magazine Classified Dimenna 13th on her list of the best money manufacturers, citing his profits of $ 450 million in 2007 and the two -figure annual returns from his fund between 2002 and 2007.
The actions discussed below were chosen from Zweig-Dimenna Associates T4 2024 deposits. They are compiled in the ascending order of the participation of the hedge fund to them on December 31, 2024. To help readers with more context, we included the feeling of hedge funds concerning each action using the data of 1008 hedge funds followed By Insider Monkey in the fourth quarter of 2024.
Why are we interested in the stocks in which the hedge funds stacked? The reason is simple: our research has shown that we can surpass the market by imitating the main choices of stock of the best hedge funds. The strategy of our quarterly newsletter selects 14 shares with small capitalization and large capitalization each quarter and has rendered 373.4% since May 2014, beating its reference with 218 percentage points (See more details here).
NVIDIA Corporation (NVDA): Among the main actions to buy in Joe Dimenna’s portfolio
A close -up of a high -end colorful graphics card being connected to a game computer.
Number of hedge holders with the fourth quarter: 223
Platition of actions of Zweig-Dimenna Associates: $ 63.19 million
NVIDIA Corporation (NASDAQ: NVDA) delivered an exceptional financial performance to its last quarter, ending on October 27, 2024, with 94% -year -up income from one year to 35.08 billion dollars. Action profit has also experienced substantial growth, increasing by $ 103% to $ 0.81 compared to the same period in 2023. This impressive expansion highlights the position of the solid company market and the continuous domination of technologies AI, games and data centers. In addition, the company has announced a quarterly cash dividend of $ 0.01 per share, strengthening its commitment to shareholders’ yields while maintaining rapid growth trajectory.
In the fourth quarter of 2024, Zweig-Dimenna Associates widened his participation in Nvidia Corporation (Nasdaq: NVDA) at 470,545 shares, reflecting an increase of 2% compared to the previous quarter. This participation, now valued at around $ 63.19 million, represents 4.72% of the company’s portfolio, making Nvidia its third investment. The institutional interest in the action also increased, with 223 hedge funds followed by initiate posts on the monkey worth almost 61.15 billion dollars at the end of the fourth quarter, against 193 funds in the course of the previous quarter. The growing investment of hedge funds highlights strong confidence in Nvidia’s growth potential, strengthening its position of choice of higher stock.
Algiers Spectra Fund declared the following concerning Nvidia Corporation (Nasdaq: NVDA) in its Q4 2024 Investor letter::
“”NVIDIA Corporation (Nasdaq: NVDA) is one of the main suppliers of graphic processing units (GPU) for a variety of final markets, such as games, PCs, data centers, virtual reality and high performance computer science . The company directs in most of the secular growth categories in computer science, and in particular artificial intelligence and super-composed parallel processing techniques to solve complex calculation problems. In our opinion, Nvidia’s calculation power is a critical Catalyst for AI and therefore essential to the adoption of AI. Actions contributed to performance during the quarter, drawn by high demand for its data center products, in particular the Hopper H200 chips, which have generated billions of two -digit revenues, marking the most product ramp fast in the history of the business. Management provided financial guidelines in the fourth quarter to the fourth quarter superior to the estimates of analysts, as well as resilient operational margins supported by solid demand and limited competition. In our opinion, the leadership of Nvidia in the scaling of AI infrastructure, including the progress of inference and the test of test time (that is to say the reasoning during the ‘Inference), stimulates the adoption between companies and startups, offering continuous demand for its high performance software and software solutions. As older generation chips are reused for inference and that new clusters are deployed, we believe that Nvidia is well positioned to capitalize on the growth of calculation needs in AI applications. »»
The exceptional financial growth of NVIDIA, with an increase in income by 94% on the other and an increase of 103% of profits per share, underlines its domination in AI, games and data centers. With the increase in institutional investments and a high demand for its advanced GPUs, in particular in AI and high performance IT, Nvidia Corporation (Nasdaq: NVDA) remains a choice of higher stock, ready for continuous expansion in continuous expansion in continuous expansion in continuous expansion in Key growth sectors.
Overall, NVDA rank On our list of the best actions to buy from the Joe Dimenna portfolio. While we recognize the potential of NVDA as an investment, our conviction lies in the conviction that certain AI actions are more promising to provide higher yields and do it within a shorter period. If you are looking for a more promising AI actions than NVDA but which is negotiated within 5 times its income, consult our report on the Stock ai the cheapest.
