Latest news with #MeridianFunds
Yahoo
a day ago
- Business
- Yahoo
Meridian Small Cap Growth Fund Maintained its Position in Viper Energy Inc (VNOM)
Meridian Funds, managed by ArrowMark Partners, released its 'Meridian Small Cap Growth Fund' second-quarter 2025 investor letter. A copy of the letter can be downloaded here. During the quarter, equity markets experienced a significant rebound, increasing by 23% from their lowest points within the period to reach new record highs. In this environment, the fund returned 6.96% (net) in the second quarter compared to the Russell 2000 Growth Index's 11.97% return. In addition, please check the fund's top five holdings to know its best picks in 2025. In its second-quarter 2025 investor letter, the Meridian Small Cap Growth Fund highlighted stocks such as Viper Energy, Inc. (NASDAQ:VNOM). Viper Energy, Inc. (NASDAQ:VNOM) is an energy company that owns mineral and royalty interests in oil and natural gas properties. Viper Energy, Inc. (NASDAQ:VNOM) stock fell 0.95% over the past month, and its shares declined 19.13% in value over the last 52 weeks. On August 19, 2025, Viper Energy, Inc. (NASDAQ:VNOM) stock closed at $37.37 per share, with a market capitalization of $10.783 billion. Meridian Small Cap Growth Fund stated the following regarding Viper Energy, Inc. (NASDAQ:VNOM) in its second quarter 2025 investor letter: "Viper Energy, Inc. (NASDAQ:VNOM) owns and acquires mineral and royalty assets in oil and natural gas properties in the Permian Basin. We like Viper's royalty-based business model, which provides more consistent and lower-risk exposure to energy markets. The model offers greater visibility into asset development, typically a source of uncertainty in the mineral rights or royalty businesses. The stock underperformed during the period when OPEC+ raised production, sending oil prices and related equities lower. The stock further lagged when oil-price spikes spurred by the Israel-Iran conflict were viewed as temporary and failed to stir recovery in Viper and other commodity-related equities. During the period, we maintained our position." The sun rising over a sprawling network of oil & gas pipelines near Midland, Texas. Viper Energy, Inc. (NASDAQ:VNOM) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 40 hedge fund portfolios held Viper Energy, Inc. (NASDAQ:VNOM) at the end of the first quarter, which was 35 in the previous quarter. While we acknowledge the potential of Viper Energy, Inc. (NASDAQ:VNOM) as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. In another article, we covered Viper Energy, Inc. (NASDAQ:VNOM) and shared the list of best dividend stocks with a consistent 3-year payout history. In addition, please check out our hedge fund investor letters Q2 2025 page for more investor letters from hedge funds and other leading investors. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Yahoo
a day ago
- Business
- Yahoo
Operational Excellence and Strong Financial Results Boosted NPK International (NPKI)
Meridian Funds, managed by ArrowMark Partners, released its 'Meridian Small Cap Growth Fund' second-quarter 2025 investor letter. A copy of the letter can be downloaded here. During the quarter, equity markets experienced a significant rebound, increasing by 23% from their lowest points within the period to reach new record highs. In this environment, the fund returned 6.96% (net) in the second quarter compared to the Russell 2000 Growth Index's 11.97% return. In addition, please check the fund's top five holdings to know its best picks in 2025. In its second-quarter 2025 investor letter, the Meridian Small Cap Growth Fund highlighted stocks such as NPK International Inc. (NYSE:NPKI). NPK International Inc. (NYSE:NPKI) is a temporary worksite access solutions company. NPK International Inc. (NYSE:NPKI) stock gained 9.05% over the past month, and its shares appreciated 24.02% in value over the last 52 weeks. On August 19, 2025, NPK International Inc. (NYSE:NPKI) stock closed at $9.76 per share, with a market capitalization of $824.064 million. Meridian Small Cap Growth Fund stated the following regarding NPK International Inc. (NYSE:NPKI) in its second quarter 2025 investor letter: "NPK International Inc. (NYSE:NPKI) is a leading provider of recyclable composite matting solutions, serving site access needs across the utility, oil & gas, and construction industries. The company operates the largest rental mat fleet in the industry, with its lightweight, environmentally sustainable alternatives continuing to gain market share from traditional wood-based solutions. The stock outperformed during the period, driven by consistent operational execution and a series of strong financial results. In addition, the recent divestiture of its drilling fluids business marks a strategic shift away from energy and toward industrials—a repositioning that may support a valuation re-rating over time. Given the stock's recent appreciation, we modestly trimmed our position during the period." A crowded drilling platform in the Western Canada Sedimentary Basin, the workers handling oil and natural gas equipment. NPK International Inc. (NYSE:NPKI) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 19 hedge fund portfolios held NPK International Inc. (NYSE:NPKI) at the end of the first quarter, which was 21 in the previous quarter. NPK International Inc.'s (NYSE:NPKI) second-quarter revenue reached $68 million, up 5% sequentially. While we acknowledge the potential of NPK International Inc. (NYSE:NPKI) as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. In another article, we covered NPK International Inc. (NYSE:NPKI) and shared the list of hot oil stocks to buy. In addition, please check out our hedge fund investor letters Q2 2025 page for more investor letters from hedge funds and other leading investors. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None. This article is originally published at Insider Monkey.
Yahoo
a day ago
- Business
- Yahoo
Axogen (AXGN) Slid on a Weaker Than Expected Gross Margin
Meridian Funds, managed by ArrowMark Partners, released its 'Meridian Small Cap Growth Fund' second-quarter 2025 investor letter. A copy of the letter can be downloaded here. During the quarter, equity markets experienced a significant rebound, increasing by 23% from their lowest points within the period to reach new record highs. In this environment, the fund returned 6.96% (net) in the second quarter compared to the Russell 2000 Growth Index's 11.97% return. In addition, please check the fund's top five holdings to know its best picks in 2025. In its second-quarter 2025 investor letter, the Meridian Small Cap Growth Fund highlighted stocks such as Axogen, Inc. (NASDAQ:AXGN). Axogen, Inc. (NASDAQ:AXGN) is a healthcare company focusing on developing and commercializing technologies for peripheral nerve regeneration and repair. Axogen, Inc. (NASDAQ:AXGN) stock gained 14.12% over the past month, and its shares appreciated 18.89% in value over the last 52 weeks. On August 19, 2025, Axogen, Inc. (NASDAQ:AXGN) stock closed at $15.36 per share, with a market capitalization of $706.754 million. Meridian Small Cap Growth Fund stated the following regarding Axogen, Inc. (NASDAQ:AXGN) in its second quarter 2025 investor letter: "Axogen, Inc. (NASDAQ:AXGN) is a leader in the development of technologies focused on peripheral nerve regeneration and repair. The company's biologically active nerve graft platform reduces procedural risks by eliminating the need for secondary surgical sites. During the quarter, Axogen reported top-line growth of 17% and reaffirmed its full-year guidance for both revenue growth and gross margin. Despite this positive momentum, shares declined following a weaker-than expected Q1 gross margin of 72%, which came in below the company's guided range of 73–75%. The shortfall was attributed to a one-time inventory adjustment and ongoing manufacturing transition. We believe the ramp-up of Axogen's new manufacturing facility positions the company for long-term margin expansion, with the potential to exceed 80% gross margins. Given our conviction in the operational improvement expected in the second half of the year, we added to our position during the period." An orthopedic surgeon connecting peripheral nerves with AxoGuard Nerve Connector, showing the precision and care of AxoGuard's products. Axogen, Inc. (NASDAQ:AXGN) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 27 hedge fund portfolios held Axogen, Inc. (NASDAQ:AXGN) at the end of the first quarter, which was 24 in the previous quarter. In the second quarter of 2025, Axogen, Inc.'s (NASDAQ:AXGN) sales increased 18.3% year-over-year to $56.7 million. While we acknowledge the potential of Axogen, Inc. (NASDAQ:AXGN) as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. In another article, we covered Axogen, Inc. (NASDAQ:AXGN) and shared the list of best medical device stocks to buy according to analysts. In addition, please check out our hedge fund investor letters Q2 2025 page for more investor letters from hedge funds and other leading investors. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
2 days ago
- Business
- Yahoo
Here's What Lifted Turning Point Brands (TPB)
Meridian Funds, managed by ArrowMark Partners, released its 'Meridian Small Cap Growth Fund' second-quarter 2025 investor letter. A copy of the letter can be downloaded here. During the quarter, equity markets experienced a significant rebound, increasing by 23% from their lowest points within the period to reach new record highs. In this environment, the fund returned 6.96% (net) in the second quarter compared to the Russell 2000 Growth Index's 11.97% return. In addition, please check the fund's top five holdings to know its best picks in 2025. In its second-quarter 2025 investor letter, Meridian Small Cap Growth Fund highlighted stocks such as Turning Point Brands, Inc. (NYSE:TPB). Headquartered in Louisville, Kentucky, Turning Point Brands, Inc. (NYSE:TPB) manufactures, markets, and distributes branded consumer products. The one-month return of Turning Point Brands, Inc. (NYSE:TPB) was 25.45%, and its shares gained 146.44% of their value over the last 52 weeks. On August 18, 2025, Turning Point Brands, Inc. (NYSE:TPB) stock closed at $98.58 per share, with a market capitalization of $1.778 billion. Meridian Small Cap Growth Fund stated the following regarding Turning Point Brands, Inc. (NYSE:TPB) in its second quarter 2025 investor letter: "Turning Point Brands, Inc. (NYSE:TPB), a producer of branded consumer products including alternative smoking accessories, delivered solid results during the quarter. Strong execution and rising market share in its tobacco-free nicotine pouches contributed to strong top-line growth and improved profitability. The stock responded accordingly, and we trimmed our position during the quarter based on our valuation discipline." A worker athlete with a rolling paper held in hand, smoking from the finished cigar. Turning Point Brands, Inc. (NYSE:TPB) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 38 hedge fund portfolios held Turning Point Brands, Inc. (NYSE:TPB) at the end of the first quarter, which was 30 in the previous quarter. Turning Point Brands, Inc.'s (NYSE:TPB) second quarter revenue increased 25% to $116.6 million. While we acknowledge the potential of Turning Point Brands, Inc. (NYSE:TPB) as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. In another article, we covered Turning Point Brands, Inc. (NYSE:TPB) and shared the list of best bear market stocks to buy according to analysts. In addition, please check out our hedge fund investor letters Q2 2025 page for more investor letters from hedge funds and other leading investors. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Yahoo
2 days ago
- Business
- Yahoo
Mirion Technologies Inc (MIR) Rebounded in Q2 From a Sharp Sell-Off
Meridian Funds, managed by ArrowMark Partners, released its 'Meridian Small Cap Growth Fund' second-quarter 2025 investor letter. A copy of the letter can be downloaded here. During the quarter, equity markets experienced a significant rebound, increasing by 23% from their lowest points within the period to reach new record highs. In this environment, the fund returned 6.96% (net) in the second quarter compared to the Russell 2000 Growth Index's 11.97% return. In addition, please check the fund's top five holdings to know its best picks in 2025. In its second-quarter 2025 investor letter, Meridian Small Cap Growth Fund highlighted stocks such as Mirion Technologies, Inc. (NYSE:MIR). Headquartered in Atlanta, Georgia, Mirion Technologies, Inc. (NYSE:MIR) offers radiation detection, measurement, analysis, and monitoring products and services that operate in the Medical and Nuclear & Safety segments. The one-month return of Mirion Technologies, Inc. (NYSE:MIR) was -4.79%, and its shares gained 87.85% of their value over the last 52 weeks. On August 18, 2025, Mirion Technologies, Inc. (NYSE:MIR) stock closed at $20.48 per share, with a market capitalization of $4.677 billion. Meridian Small Cap Growth Fund stated the following regarding Mirion Technologies, Inc. (NYSE:MIR) in its second quarter 2025 investor letter: "Mirion Technologies, Inc. (NYSE:MIR), a global leader in ionizing radiation measurement and detection, provides critical technologies for the nuclear power and medical sectors. Mirion's revenues are largely recurring or replacement in nature and supported by strong secular trends, providing valuable transparency and predictability. The stock rebounded in the quarter following its sharp January sell-off tied to DeepSeek-related volatility—an event we viewed as unwarranted given Mirion's recurring revenue model and supporting tailwinds. The stock gained further ground following progress in its Westinghouse partnership, which would add to its installed base, and amid discussions of potential new nuclear power facilities in the U.S. and Europe. We trimmed our position during the period as the share price appreciated." A radiation oncologist overseeing the delivery of radiation therapy to a patient. Mirion Technologies, Inc. (NYSE:MIR) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 35 hedge fund portfolios held Mirion Technologies, Inc. (NYSE:MIR) at the end of the first quarter, which was 43 in the previous quarter. In the second quarter of 2025, Mirion Technologies, Inc. (NYSE:MIR) reported revenue of $222.9 million, a year-over-year increase of 7.6%. While we acknowledge the potential of Mirion Technologies, Inc. (NYSE:MIR) as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. In another article, we covered Ranpak Holdings Corp. (NYSE:PACK) and shared Bornite Capital's Dan Dreyfus' powerful investment thesis on the company. In addition, please check out our hedge fund investor letters Q2 2025 page for more investor letters from hedge funds and other leading investors. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None. This article is originally published at Insider Monkey.
