Polen Capital, an investment management company, has published its Q3 2024 investor letter “Poland US Small Company Growth Strategy”. You can download a copy of the letter here. The third quarter saw a strong performance for US small-cap stocks, driven by interest rate cuts and easing recession concerns. In the third quarter, the fund returned 7.65% gross and 7.35% net of fees, compared to an 8.41% return for the Russell 2000 Growth Index. In addition, you can view the fund’s top 5 investments to discover the best choices for 2024.
Poland America’s Small Business Growth Strategy highlighted stocks like Paylocity Holding Corporation (NASDAQ:PCTY) in its Q3 2024 investor letter. Paylocity Holding Corporation (NASDAQ:PCTY), headquartered in Schaumburg, Illinois, is a software company that provides cloud-based human capital management and payroll software solutions. Paylocity Holding Corporation (NASDAQ:PCTY)’s one-month return was 15.36%, and the stock has gained 29.88% of its value over the past 52 weeks. On November 15, 2024, shares of Paylocity Holding Corporation (NASDAQ:PCTY) closed at $197.79 per share with a market cap of $11.026 billion.
Poland US Small Company Growth Strategy stated the following regarding Paylocity Holding Corporation (NASDAQ:PCTY) in its Q3 2024 investor letter:
“During the quarter, we made six new additions and five full sales. We also expanded and trimmed a number of existing positions. Additions included NV5 Global, Rambus, Paylocity Holding Corporation (NASDAQ:PCTY), Insight Enterprises, elf Beauty and Dutch Bros.
