The Virtus Zevenbergen Technology Fund returned 11.56% (Class INST) in the quarter, trailing its comparison benchmark, the S&P North American Technology Sector Index's 13.14% return. Alphabet (GOOG) and NVIDIA (NVDA) were the largest contributors to performance in the quarter. The Trade Desk (TTD) and Axon Enterprise (AXON) were the largest detractors from performance in the quarter.
The Undercovered Dozen series spotlights 12 lesser-known stocks highlighted in recent Seeking Alpha articles. This week's edition covers articles published between Dec. 5 and Dec. 11, offering fresh investment ideas. The series aims to inspire discussion and help investors discover overlooked opportunities in the market.
Charter Communication's valuation could make it attractive to investors in the New Year. Oracle's growth may allow it to shake off its recent disappointing quarterly results.
The Trade Desk remains a strong business, but its days of flawless execution are behind it. Amazon's rise in CTV fundamentally changed the competitive landscape for the industry.
The Trade Desk is one of the worst-performing stocks in the S&P 500. Competition from Amazon, executive departures, and revenue slowdown all compounded for a 66% drawdown.
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