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Letter from the PMs – February 2024

– Andrew Macken & Chris Demasi

 

The year is well underway and we’re amidst the busy earnings season for Q4 of last year. So far Montaka’s investee companies are delivering strong results. Particular standouts include LVMHBlackstoneMicrosoftAmazon and, of course, Meta – which set the record for the largest one-day increase in value last week.

While many distractions relating to inflation, the Fed and the Middle East are surfacing daily, we encourage investors to remain clear-eyed about the substantial long-term opportunities that are on offer for the world’s best businesses today. Andy steps through several of these opportunities in 5 exciting areas of investment opportunity in 2024.

Speaking of substantial long-term opportunities, ServiceNow‘s offering continues to exhibit great productivity-boosting properties for enterprise clients. And the its ability to unlock value for clients (and ultimately share in said value) appears to be even greater with generative AI. In this month’s Spotlight Series podcast, Amit and Andy dig into ServiceNow to unpack why the future looks so bright for this business.

Finally, Giles sat down with Andy recently to find out what Montaka sees for 2024 and beyond in What might surprise in 2024? 5 questions with our CIORead to learn which stock Andy thinks is unloved and could take investors by surprise.

 

 

Sincerely,

Andrew Macken & Chris Demasi

 

 


Podcast: Join the Montaka Global Investments team on Spotify as we share real-time examples and investing tips that govern our stockpicks. Click below to listen. Alternatively, click on this link: https://podcasters.spotify.com/pod/show/montaka

 


To request a copy of our latest paper which explores the empirical research around the 3 pillars of active management outperformance, please share your details with us:


 


Note: Montaka is invested in Amazon, Microsoft, Alphabet, Salesforce, ServiceNow, Spotify, Meta, Blackstone, KKR & S&P Global

 

Andrew Macken is the Chief Investment Officer & Chris Demasi is the Portfolio Manager at Montaka Global Investments. 
To learn more about Montaka, please call +612 7202 0100 or leave us a line on montaka.com/contact-us

 

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