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This fund manger up 91% in 2024 is BI's October investor of the month

Nov 06, 2024 - businessinsider.com
Peter Doyle's Kinetics Paradigm Fund has seen a significant rise of over 20% in October and is up 97% year-to-date. The fund's performance has surpassed the S&P 500, largely due to Texas Pacific Land Corporation's (TPL) 148% gain. TPL, which leases land in western Texas, has a 65% weighting in the fund, despite Doyle reducing his position by around half.

Doyle's strategy focuses on predictable stocks, and he remains confident in TPL due to its valuable real estate and the increasing demand for AI data centers. Other top holdings in the fund include the Grayscale Bitcoin Trust (GBTC) at an 8.8% weighting, Brookfield (BRPPF) at 3.3%, and Landbridge (LB) at 3.1%.

Key takeaways:

  • Peter Doyle's Kinetics Paradigm Fund rose over 20% in October and is up 97% year-to-date, outperforming the S&P 500.
  • The fund's top performer has been the Texas Pacific Land Corporation (TPL), which has seen a 148% gain year-to-date due to demand from AI firms looking to build data centers on its land.
  • TPL has a 65% weighting in the fund, despite Doyle taking profits and reducing his position by around half.
  • Other top holdings in the fund include the Grayscale Bitcoin Trust (GBTC) at an 8.8% weighting, Brookfield (BRPPF) at 3.3%, and Landbridge (LB) at 3.1%.
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