Funding administration firm Ave Maria just lately launched its “Ave Maria Progress Fund” third quarter 2022 investor letter. A replica of the identical might be downloaded right here. On the finish of the third quarter, the fund returned -5.80% in comparison with a -4.88% return for the S&P 500 Index. You possibly can verify the highest 5 holdings of the fund to know its greatest picks in 2022.
Ave Maria highlighted shares like NVIDIA Company (NASDAQ:NVDA) in its Q3 2022 investor letter. Headquartered in Santa Clara, California, NVIDIA Company (NASDAQ:NVDA) is a world graphics, and compute and networking options supplier. On January 4, 2023, NVIDIA Company (NASDAQ:NVDA) inventory closed at $147.49 per share. One-month return of NVIDIA Company (NASDAQ:NVDA) was -14.10%, and its shares misplaced 47.66% of their worth during the last 52 weeks. NVIDIA Company (NASDAQ:NVDA) has a market capitalization of $367.545 billion.
Ave Maria made the next remark about NVIDIA Company (NASDAQ:NVDA) in its Q3 2022 investor letter:
“NVIDIA Company (NASDAQ:NVDA) Company primarily designs and sells the accelerated laptop {hardware} and software program that’s indispensable for autonomous car, gaming, and synthetic intelligence purposes. Close to time period uncertainty from the crypto market correction and the semiconductor cycle have weighed on shares and supplied a beautiful entry level for long-term traders.”
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NVIDIA Company (NASDAQ:NVDA) is in twenty eighth place on our checklist of 30 Most Widespread Shares Amongst Hedge Funds. As per our database, 89 hedge fund portfolios held NVIDIA Company (NASDAQ:NVDA) on the finish of the third quarter, which was 84 within the earlier quarter.
We mentioned NVIDIA Company (NASDAQ:NVDA) in one other article and shared probably the most helpful silicon valley firms on this planet. As well as, please take a look at our hedge fund investor letters Q3 2022 web page for extra investor letters from hedge funds and different main traders.
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