Reported 2 days ago
The FPA Queens Road Small Cap Value Fund has begun to trim its position in InterDigital, Inc. (IDCC) as outlined in its second-quarter 2025 investor letter. The fund reported an 8.60% return in Q2 compared to the 4.97% return of the Russell 2000 Value Index. InterDigital, which focuses on wireless and AI technologies, has seen significant growth with a one-month return of 18.67% and shares up 99.02% over the last year, prompting the fund to reassess its investment despite good performance. The fund highlights the company's strong financial stability and successful licensing agreements. However, it suggests that alternative AI stocks may offer better investment opportunities.
Source: YAHOO