Aristotle Atlantic Partners, LLC, an investment advisor, released its “Large Cap Growth Strategy” third-quarter 2025 investor letter. A copy of the letter can be downloaded here. In the quarter, the US equity market rallied, with the S&P 500 Index reaching 8.12%. Bonds also finished higher in the period, with the Bloomberg U.S. Aggregate Bond Index increasing 2.03%. The letter discussed market review, quarterly performance, and attribution analysis. Aristotle Atlantic’s Large Cap Growth strategy returned 9.76% gross of fees (9.61% net of fees) compared to 10.51% return of the Russell 1000 Growth Index. Security selection led to the relative underperformance of the fund in the quarter. In addition, please check the fund’s top five holdings to know its best picks in 2025.
In its third-quarter 2025 investor letter, Aristotle Atlantic Large Cap Growth Strategy highlighted stocks such as Coinbase Global, Inc. (NASDAQ:COIN). Based in New York, New York, Coinbase Global, Inc. (NASDAQ:COIN) offers a platform for crypto assets. The one-month return of Coinbase Global, Inc. (NASDAQ:COIN) was -17.39%, and its shares lost 12.73% of their value over the last 52 weeks. On November 14, 2025, Coinbase Global, Inc. (NASDAQ:COIN) stock closed at $284.00 per share, with a market capitalization of $76.347 billion.
Aristotle Atlantic Large Cap Growth Strategy stated the following regarding Coinbase Global, Inc. (NASDAQ:COIN) in its third quarter 2025 investor letter:
“Coinbase Global, Inc. (NASDAQ:COIN) was founded in 2012 and is the leading U.S. cryptocurrency exchange and infrastructure provider. With over $425 billion in assets across its platform, the company supports trading in more than 250 cryptocurrencies, catering to retail investors, institutions and fintech developers through a diversified cryptocurrency product and service platform. Coinbase operates as a remote-first (no physical headquarters) entity with a focus on regulatory compliance, strong cybersecurity and proactive regulatory engagement, differentiating it within the cryptocurrency ecosystem.
We see Coinbase as the dominant player in the U.S. cryptocurrency market, holding over 65% of the trading volume share due to its strong commitment to compliance, security, and customer trust. The company’s expansion into derivatives and international markets, including the acquisition of Deribit, positions it as a leading global crypto derivatives provider. Coinbase’s diversified business model, which includes transaction-based activities and subscription-based offerings, is shifting towards more predictable revenue streams. The recent passage of the GENIUS Act and the anticipated CLARITY Act are expected to provide regulatory clarity, boosting institutional adoption and trading volumes. Additionally, Coinbase’s unique infrastructure and partnerships with traditional finance institutions enable it to monetize the comprehensive cryptocurrency value chain. The company trades at a modest premium to traditional exchange peers. We view this premium as justified by the company’s dominant U.S. market position, scalable crypto infrastructure and ongoing shift toward recurring revenue streams, supported by strong secular tailwinds and upcoming catalysts, while reflecting competitive and regulatory risks.”
Coinbase Global, Inc. (NASDAQ:COIN) is not on our list of 30 Most Popular Stocks Among Hedge Funds. According to our database, 87 hedge fund portfolios held Coinbase Global, Inc. (NASDAQ:COIN) at the end of the second quarter, up from 66 in the previous quarter. While we acknowledge the risk and potential of Coinbase Global, Inc. (NASDAQ:COIN) as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than Coinbase Global, Inc. (NASDAQ:COIN) and that has 10,000% upside potential, check out our report about this cheapest AI stock.
In another article, we covered Coinbase Global, Inc. (NASDAQ:COIN) and shared the list of best up and coming stocks to buy. In addition, please check out our hedge fund investor letters Q3 2025 page for more investor letters from hedge funds and other leading investors.
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Disclosure: None. This article is originally published at Insider Monkey.
