Solid results have raised the start stocks (Upst) in the fourth quarter

Fred Alger Management, an investment management company, published the investor letter in the fourth quarter of 2024 in “Alger Weatherbie Specialized Growth Fund”. A copy of the letter can be downloaded here. The US shares recorded profits in the fourth quarter, mainly through a clear result of the US presidential election. Against this background, the class A shares in the fund exceeded the Russell 2500 growth index in the quarter. The sectors of the healthcare system and financial data contributed to the performance of the fund in the quarter, while industrial and energyectors affected. Also check the five inventory of the fund to know his best selection in 2024.

In his fourth quarter of 2024 investor letter, Alger Weatherbie Specialized Growth Fund emphasized stocks such as Upstart Holdings, Inc. (Nasdaq: Upst). Upstart Holdings, Inc. (Nasdaq: Upst) is an American cloud-based Kir-Kredit platform (AI). The one -month return from Upstart Holdings, Inc. (Nasdaq: Upst) was 2.17% and its shares in the last 52 week by 167.11% of their value. On February 26, 2025 Castle Upstart Holdings, Inc. (Nasdaq: Upst) with $ 68.78 per share with a market capitalization of $ 6.445 billion.

The Specialized Growth Fund by Alger Weatherbie indicated the following in relation to Upstart Holdings, Inc. (Nasdaq: Upst) in his investor letter in Q4 2024:

“Upstart Holdings, Inc. (Nasdaq: Upst) is a leading AI credit platform that works with banks and credit cooperatives to improve access to affordable loans. By using algorithms for machine learning, the company evaluates non -traditional risk factors to make more precise credit ratings, which enables better credit permits and prices. Upstart strives to make the lending process more integrative and efficient and at the same time help its financial institution partners to promote growth and to manage the risk effectively. The shares contributed to performance in the quarter after the company had achieved a solid turnover with the third quarter in the third quarter that exceed the estimates of the analysts. In our opinion, the quarter showed the recreation volumes, the product expansion efforts, improved financing partnerships and a return to positively adapted income, before the interest tax depression amortization (EBITDA) (EBITDA). Management emphasized that volume growth was more on updated underwriting models than on new financing partnerships. In addition, the upstart financing profile has improved significantly compared to a previous year, supported by forward flow partnerships and a successful return on the asset-backed securities (ABS) markets with tightened creditwrads. “

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