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Hamilton Lane Incorporated (HLNE) Continued its Growth in Q2

Soumya Eswaran
·2 min read

Polen Capital, an investment management company, released its “Polen U.S. Small Company Growth Strategy” second-quarter 2024 investor letter. A copy of the letter can be downloaded here. In the second quarter, the fund delivered -8.55% gross and -8.67% net of fees compared to a -2.92% return for the Russell 2000 Growth Index and a -1.41% return for the S&P SmallCap 600 Growth Index. In addition, you can check the fund's top 5 holdings to find out its best picks for 2024.

Polen U.S. Small Company Growth Strategy highlighted stocks like Hamilton Lane Incorporated (NASDAQ:HLNE), in the second quarter 2024 investor letter. Hamilton Lane Incorporated (NASDAQ:HLNE) is a private equity firm, with a market capitalization of $7.825 billion. The one-month return of Hamilton Lane Incorporated (NASDAQ:HLNE) was 14.45%, and its shares gained 57.30% of their value over the last 52 weeks. On July 31, 2024, Hamilton Lane Incorporated (NASDAQ:HLNE) stock closed at $144.37 per share.

Polen U.S. Small Company Growth Strategy stated the following regarding Hamilton Lane Incorporated (NASDAQ:HLNE) in its Q2 2024 investor letter:

"The third largest contributor to relative performance was Hamilton Lane Incorporated (NASDAQ:HLNE), a private markets fund manager and service provider. We think Hamilton Lane has displayed solid fundamental results over many quarters, and the stock continues to be a compelling performer with no significant change in our underlying expectations."

A financial advisor navigating a stock exchange board with a magnifying glass.

Hamilton Lane Incorporated (NASDAQ:HLNE) is not on our list of 31 Most Popular Stocks Among Hedge Funds. As per our database, 15 hedge fund portfolios held Hamilton Lane Incorporated (NASDAQ:HLNE) at the end of the first quarter which was 12 in the previous quarter. Hamilton Lane Incorporated's (NASDAQ:HLNE) management and advisory fee revenue increased by 22% in the 2024 fiscal year, and fee-related profitability also grew by 22% over the previous year. While we acknowledge the potential of Hamilton Lane Incorporated (NASDAQ:HLNE) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is as promising as NVIDIA but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

In another article, we discussed Hamilton Lane Incorporated (NASDAQ:HLNE) and shared ClearBridge SMID Cap Growth Strategy's views on the company in the previous quarter. In addition, please check out our hedge fund investor letters Q2 2024 page for more investor letters from hedge funds and other leading investors.

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Disclosure: None. This article is originally published at Insider Monkey.