Atai Capital Management’s Q3 2025 Investor Letter

Atai Capital Management, an investment management firm, recently released its third-quarter 2025 investor letter. The portfolio returned 10.7% in the quarter compared to an 8.1% return for the S&P 500, a 12.4% gain for the Russell 2000, and a 17.0% return for the Russell Microcap for the same period. YTD, the portfolio returned 43.3% compared to 14.8%, 10.4% and 15.7% returns for the indexes, respectively. In addition, please check the fund’s top five holdings to know its best picks in 2025.

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