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Meridian Funds, managed by ArrowMark Companions, launched its “Meridian Progress Fund” third-quarter 2025 investor letter. A duplicate of the letter may be downloaded right here. Equities hit a file excessive within the third quarter, fueled by continued beneficial properties in expertise and falling bond yields. Easing tariff rhetoric and renewed AI infrastructure investments boosted giant tech shares. In mid-September U.S. Federal Reserve lowered charges by 25 foundation factors. Towards this backdrop, the fund returned -1.78% (web) in comparison with the Russell 2500 Progress Index’s 10.73% return. Sector positioning and the avoidance of names that don’t meet the agency’s strict funding self-discipline led to the underperformance of the fund within the quarter. As well as, please test the fund’s high 5 holdings to know its finest picks in 2025.
In its third-quarter 2025 investor letter, Meridian Progress Fund highlighted shares comparable to Alight, Inc. (NYSE:ALIT). Alight, Inc. (NYSE:ALIT) is a number one technology-enabled providers firm. The one-month return of Alight, Inc. (NYSE:ALIT) was -17.45%, and its shares misplaced 71.66% of their worth over the past 52 weeks. On November 28, 2025, Alight, Inc. (NYSE:ALIT) inventory closed at $2.31 per share, with a market capitalization of $1.269 billion.
Meridian Progress Fund said the next concerning Alight, Inc. (NYSE:ALIT) in its third quarter 2025 investor letter:
“Alight, Inc. (NYSE:ALIT) is a number one cloud-based human capital expertise supplier of enterprise-level software program that helps companies and their staff handle essential human sources capabilities. By means of its investments in software program and automation, Alight has constructed a definite benefit that permits its clients to ship HR providers at a a lot decrease value whereas offering a greater expertise for workers. The inventory underperformed in the course of the quarter following disappointing gross sales and lowered income steering. A year-long expertise transformation— migrating providers to the cloud, integrating AI capabilities, and coinciding with CEO and CFO modifications—proved extra disruptive than anticipated. Buyer retention declined from ~98% to ~93%, and new gross sales remained mushy amid execution challenges and a weaker macro setting. Price controls have stabilized EBITDA, however income normalization might take years quite than quarters. Given this combined outlook, however recognizing the inventory’s compelling valuation, we lowered our place in the course of the interval.”
Alight, Inc. (NYSE:ALIT) isn’t on our record of 30 Most In style Shares Amongst Hedge Funds. As per our database, 39 hedge fund portfolios held Alight, Inc. (NYSE:ALIT) on the finish of the third quarter, which was 30 within the earlier quarter. In Q3 2025, Alight, Inc. (NYSE:ALIT) reported income of $533 million in comparison with $555 million a yr earlier. Whereas we acknowledge the potential of Alight, Inc. (NYSE:ALIT) as an funding, we consider sure AI shares supply better upside potential and carry much less draw back danger. In the event you’re in search of an especially undervalued AI inventory that additionally stands to learn considerably from Trump-era tariffs and the onshoring development, see our free report on the finest short-term AI inventory.
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