Alphyn Capital Management’s Q3 2025 Investor Letter

Alphyn Capital Management, an investment management firm, released its third-quarter 2025 investor letter. The Master Account of the fund returned 3.0% net in the third quarter compared to 8.1% for the S&P 500 Index. As of the third quarter of 2025, the top ten holdings accounted for approximately 68% of the portfolio, and approximately 17% of the portfolio was held in cash. The market narrative was dominated by AI advancements, credit cycles, and geopolitical uncertainty in the quarter. The firm focuses on compound value through disciplined reinvestment and operational excellence. In addition, please check the fund’s top five holdings to know its best picks in 2025.

A copy of Alphyn Capital Management’s Q3 2025 investor letter can be downloaded here.