Group 1 - Giverny Capital Asset Management reported a portfolio return of 0.01% for Q4 2025, underperforming the S&P 500 which returned 2.66% [1] - Year-to-date, the fund achieved a return of 12.58%, compared to 17.88% for the S&P 500 [1] - The portfolio's underweight in large technology companies and overweight in smaller niche leaders negatively impacted performance, despite strong earnings growth and capital returns from portfolio companies [1] Group 2 - AMETEK, Inc. (NYSE:AME) stock closed at $223.98 per share on January 30, 2026, with a one-month return of 6.00% and a twelve-month gain of 21.64% [2] - AMETEK, Inc. has a market capitalization of $51.56 billion [2] - Giverny Capital Asset Management trimmed its position in AMETEK, citing valuation concerns, as the stock became expensive relative to its growth rate [3] Group 3 - AMETEK, Inc. was held by 58 hedge fund portfolios at the end of Q3 2025, an increase from 53 in the previous quarter [3] - While AMETEK is recognized for its potential, the company is not among the 30 most popular stocks among hedge funds [3] - The firm believes certain AI stocks present greater upside potential and less downside risk compared to AMETEK [3]

Momentum investing revolves around the idea of following a stock's recent trend in either direction. In "long context," investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.Even though momentum is a popular stock characte ...