3 days ago
5
Soumya Eswaran
Thu, November 27, 2025 astatine 8:15 AM CST 3 min read
Prosper Stars & Stripes, a long/short equity fund, precocious released its third-quarter 2025 capitalist letter. A transcript of the missive tin beryllium downloaded here. In the 3rd 4th of 2025, Prosper Stars & Stripes achieved a nett instrumentality of +9.8%. In comparison, its long/short equity hedge money adjacent group, arsenic indicated by the HFRX Equity Hedge (Total) Index (the “HFRX”), reported a full instrumentality of +3.8%. Additionally, the long-only small-cap Russell 2000 Index (the “Russell”) had a full instrumentality of +12.4%. Year to date, the money returned +8.6% compared to a full instrumentality of +13.6% for the HFRI and +10.4% for the Russell. The Composite’s agelong publication delivered beardown show successful some the 3rd 4th and year-to-date 2025. The abbreviated publication detracted from show some successful the 3rd 4th and year-to-date successful 2025. In addition, delight cheque the fund’s apical 5 holdings to cognize its champion picks successful 2025.
In its third-quarter 2025 capitalist letter, Prosper Stars & Stripes highlighted stocks specified arsenic BellRing Brands, Inc. (NYSE:BRBR). Headquartered successful Saint Louis, Missouri, BellRing Brands, Inc. (NYSE:BRBR) provides assorted nutrition products. The one-month instrumentality of BellRing Brands, Inc. (NYSE:BRBR) was -0.81%, and its shares mislaid 60.36% of their worth implicit the past 52 weeks. On October 28, 2025, BellRing Brands, Inc. (NYSE:BRBR) banal closed astatine $30.59 per share, with a marketplace capitalization of $3.854 billion.
Prosper Stars & Stripes stated the pursuing regarding BellRing Brands, Inc. (NYSE:BRBR) successful its 3rd 4th 2025 capitalist letter:
"BellRing Brands, Inc. (NYSE:BRBR) was the apical contributor successful the abbreviated publication during the 3rd 4th of 2025. BellRing is simply a person successful the convenient nutrition class done its Premier Protein brand. Ready-to-drink (“RTD”) macromolecule shakes relationship for astir 80% of BellRing’s sales. As of year-end 2024, Premier held a 23% stock of the RTD macromolecule shingle marketplace and achieved 21% household penetration, according to the company’s 2024 yearly report. The shingle class has grown astatine double-digit rates for the past 4 years. Further, the class has dependable maturation drivers with arsenic consumers question retired steadfast nutrient options and GLP-1 value nonaccomplishment medicine users seeking macromolecule to mitigate musculus loss. The contented successful our presumption is rising competition. Premier and its superior rival Ensure person been astir for 28 and 52 years, respectively. Premier’s packaging is dated. Big Consumer Packaged Goods Companies (“CPGs”) similar Coca-Cola and PepsiCo are muscling their mode into the class looking to seizure immoderate of the growth. When BRBR reported Q2 2025 results, the institution hinted astatine rising competitory intensity. The institution did not supply an outlook for FY26 further expanding capitalist fears astir stock loss. The banal declined a small implicit 30% connected the time it reported. We exited our presumption soon thereafter."
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