Gary Black Fights Off Criticism, Says Worst Performer In Future Fund Was Tesla — Here Are His Holdings That Did Better
Portfolio Pulse from Kaustubh Bagalkote
Gary Black, Managing Partner of The Future Fund LLC, highlighted Tesla's underperformance as the largest negative contributor to his fund since January 2022, with a 34% decline. Despite this, Black remains bullish on Tesla. The Future Fund Active ETF (FFND) has seen a 16.84% return year-to-date, with top holdings like NVIDIA and Alphabet showing significant gains.
October 25, 2024 | 3:57 am
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POSITIVE IMPACT
The Future Fund Active ETF (FFND) has posted a 16.84% return year-to-date, with strong performances from holdings like NVIDIA and Alphabet. Tesla, despite its underperformance, remains a part of the fund's portfolio.
FFND's strong year-to-date performance is supported by significant gains in its top holdings, offsetting Tesla's underperformance. This indicates a well-diversified portfolio that can withstand individual stock declines.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 80
POSITIVE IMPACT
Alphabet Inc. Class A, another top holding in The Future Fund Active ETF, has gained 17.77% this year, supporting the fund's positive returns.
Alphabet's positive performance has contributed to the fund's overall gains, indicating its role as a stable and profitable investment within the portfolio.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 60
POSITIVE IMPACT
NVIDIA, a top holding in The Future Fund Active ETF, has surged by 191.49% this year, contributing significantly to the fund's strong performance.
NVIDIA's substantial year-to-date gain has been a major positive contributor to the fund's overall performance, highlighting its importance in the portfolio.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 70
POSITIVE IMPACT
Tesla has been the largest negative contributor to Gary Black's fund since January 2022, with a 34% decline. Despite this, Black remains bullish on Tesla, highlighting a recent 12.10% surge in after-hours trading following strong Q3 earnings.
Tesla's significant underperformance has been a major drag on the fund, but recent positive earnings and a surge in stock price suggest potential recovery. Black's continued support indicates confidence in future performance.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100