Mairs & Power, an investment advisor, published the letter of investor in the first quarter of “Mairs & Power Balanced Fund”. A copy of the letter can be downloaded here. The stock market reached a record in February. However, pricing uncertainty in March led to a decrease in shares, while fixed income securities have benefited from perceived security. The fund ended in the quarter up 0.04%. The fund has outperformed the reference composite indices (60% of the total S&P 500 yield index and 40% of Bloomberg US Government / Credit Bond Index), down 1.48% and the group of moderate allocation peers Morningstar, which dropped by 0.34%. In addition, please consult the five best assets of the fund to find out its best choices in 2025.
In his letter of investor of the first quarter of 2025, the Mairs & Power balanced fund highlighted actions such as Alphabet Inc. (Nasdaq: Goog). Alphabet Inc. (Nasdaq: Goog), the mother company of Google, offers various platforms and services operating via Google Services, Google Cloud and other Paris segments. The yield of one month of Alphabet Inc. (Nasdaq: Goog) was 2.57% and its shares lost 3.48% of their value in the last 52 weeks. On May 6, 2025, the ALPHABET Inc. shares (NASDAQ: Goog) closed $ 165.20 per share with a market capitalization of $ 1.997 Billion.
Mairs & Power Balanced Fund indicated the following concerning Alphabet Inc. (Nasdaq: Goog) in its letter of investor T1 2025:
“Fund assets in the communication services sector dragged on portfolio performance during the quarter mainly due to the selection of security. Alphabet Inc. (Nasdaq: Goog) led underperformance because it fell in tandem with the other actions of Tech Mega Cap. In addition, it is increasingly concerned about the impact of generative AI on alphabet research activities and if it will be able to respond significantly. “”
A laptop and a telephone open to Google services in a daily setting.
Alphabet Inc. (Nasdaq: Goog) is in 7th position on our list of the 30 most popular actions among hedge funds. According to our database, 174 hedge fund portfolios held Alphabet Inc. (Nasdaq: Goog) at the end of the fourth quarter which was 160 in the previous quarter. In the first quarter of 2025, Alphabet Inc. (Nasdaq: Goog) achieved a turnover of $ 90.2 billion, which represents an increase of 12% or 14% in constant currency. While we recognize the potential of Alphabet Inc. (Nasdaq: Goog) as an investment, our conviction lies in the conviction that AI actions are more promising for the provision of higher yields and doing it within a shorter period. If you are looking for a stock of AI which is as promising as Nvidia but which is negotiated within 5 times its income, consult our report on the Stock ai the cheapest.
