Greystone Capital Management, an investment management company, released its fourth-quarter 2024 investor letter. A copy of the same can be downloaded here. In the fourth quarter, the return for separate accounts managed by the firm ranged from +0.5 to +2.6%. The median account returned +1.7%, net of fees bringing the yearly returns to +19.9%. The strategy returned a cumulative +168.8% or +24.3% per year, net of fees, since inception in Q4 2019 and outperformed both the S&P 500 and the Russell 2000 by an annualized +6.0% and +14.1% per year. The results for the fourth quarter and FY2024 compare both negatively and positively to the returns of the S&P 500 and Russell 2000, which were +2.4% and +0.3% for the quarter and +25.0% and +11.5% for the entire year. In addition, you can check the fund's top 5 holdings to find out its best picks for 2024.
Greystone Capital Management highlighted stocks like Bel Fuse Inc. (NASDAQ:BELFB) in its Q4 2024 investor letter. Bel Fuse Inc. (NASDAQ:BELFB) designs, manufactures, markets, and sells products that power, protect, and connect electronic circuits. The one-month return of Bel Fuse Inc. (NASDAQ:BELFB) was -0.66%, and its shares gained 22.18% of their value over the last 52 weeks. On January 23, 2024, Bel Fuse Inc. (NASDAQ:BELFB) stock closed at $80.91 per share with a market capitalization of $1.03 billion.
Greystone Capital Management stated the following regarding Bel Fuse Inc. (NASDAQ:BELFB) in its Q4 2024 investor letter: