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Russian (RU) Soumya Eswaran
Wed, Apr 16, 2025, 7:53 AM 4 min read
In This Article:
Middle Coast Investing, an investment advisor firm, released its first-quarter investor letter. A copy of the letter can be downloaded here. Middle Coast Investing had a difficult but manageable first quarter, but everyone has suffered since the Liberation Day crash at the beginning of the second quarter. To manage the volatility, the firm decided to increase cash goal levels by roughly 5% for each portfolio. In the quarter, the firm sold 3% more than it bought. In Q1 2025, the US Portfolios returned -3.7% compared to -4.6% for the S&P 500. It’s Core U.S. portfolios returned -0.7% while Russell 2000 returned -9.8%, S&P 600 returned -9.3% and Nasdaq generated -10.4% for the same period. However, its European Portfolios appreciated by 9.2%. In addition, please check the fund’s top five holdings to know its best picks in 2025.
In its first quarter 2025 investor letter, Middle Coast Investing emphasized stocks such as Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (NASDAQ:OMAB). Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (NASDAQ:OMAB) operates, and maintains airports in Mexico. The one-month return of Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (NASDAQ:OMAB) was -1.07%, and its shares gained 5.43% of their value over the last 52 weeks. On April 15, 2025, Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (NASDAQ:OMAB) stock closed at $80.25 per share with a market capitalization of $3.879 billion.
Middle Coast Investing stated the following regarding Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (NASDAQ:OMAB) in its Q1 2025 investor letter:
"Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (NASDAQ:OMAB) has also put up impressive numbers so far this year. Passenger growth is up 9.1% in the first three months of the year, well ahead of its Mexican airport peers. All the idiosyncratic problems of the past couple years – Hurricane Otis affecting Acapulco, airplane engine issues in Mexico – are now in the comparable numbers for OMAB to beat.
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