Alphyn Capital Management, an investment management firm, released its fourth-quarter 2024 investor letter. A copy of the letter can be downloaded here. The Master Account of the fund returned 2.6% net in the fourth quarter compared to 2.4% for the S&P500 Index. As of fourth quarter 2024, the top ten holdings accounted for approximately 67% of the portfolio, and approximately 9% of the portfolio was held in cash. Despite the market cooling in December, the fund ended the year with a decent overall performance. In addition, please check the fund’s top five holdings to know its best picks in 2024.

Alphyn Capital Management highlighted stocks like Amazon.com, Inc. (NASDAQ:AMZN) in its Q4 2024 investor letter. Amazon.com, Inc. (NASDAQ:AMZN) provides consumer products, advertising, and subscription services through online and physical stores that operate through North America, International, and Amazon Web Services (AWS) segments. The one-month return of Amazon.com, Inc. (NASDAQ:AMZN) was -6.01%, and its shares gained 48.14% of their value over the last 52 weeks. On December 24, 2024, Amazon.com, Inc. (NASDAQ:AMZN) stock closed at $218.94 per share with a market capitalization of $2.302 trillion.

Alphyn Capital Management stated the following regarding Amazon.com, Inc. (NASDAQ:AMZN) in its Q4 2024 investor letter:

“Amazon.com, Inc. (NASDAQ:AMZN) continues to demonstrate how a massive balance sheet, combined with a relentless focus on customer satisfaction and first-principles thinking, can drive sustainable cash flow growth. Recent earnings highlight strong execution across multiple fronts. At its core, Amazon pursues what customers value most: faster, cheaper delivery. This quarter, 40 million users enjoyed free same-day shipping, reflecting management’s sizable investments in regional logistics. These moves have reduced service costs, supported margin expansion, and set the stage for continued improvements with further robotics integration.