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Bristlemoon Global Fund Decided to Exit Its Position in Interactive Brokers (IBKR). Here’s Why

Bristlemoon Capital, a global equities firm, released its “Bristlemoon Global Fund” first quarter 2025 investor letter. A copy of the letter can be downloaded here. The fund returned -3.2% in the first quarter, -6.5% for March 2025, and 14.0%, net of fees, for the nine months ending March 31, 2025. The firm’s observation is that the value returns to the market, with several stocks starting to appear interesting. In addition, please check the fund’s top five holdings to know its best picks in 2025.

In its first-quarter 2025 investor letter, Bristlemoon Global Fund highlighted...