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 stocks such as PAR Technology Corporation (NYSE:PAR). PAR Technology Corporation (NYSE:PAR) offers omnichannel cloud-based hardware and software solutions to the restaurant and retail industries. The one-month return of PAR Technology Corporation (NYSE:PAR) was -10.34%, and its shares gained 35.01% of their value over the last 52 weeks. On June 17, 2025, PAR Technology Corporation (NYSE:PAR) stock closed at $62.16 per share, with a market capitalization of $2.517 billion.
Bristlemoon Global Fund stated the following regarding PAR Technology Corporation (NYSE:PAR) in its Q1 2025 investor letter:
“PAR Technology Corporation (NYSE:PAR) is a $2.1 billion market cap company based in New Hartford, New York. The company sells hardware and software products to enterprise restaurant chains (PAR is in half of the top 100 restaurants in the U.S., including Burger King, Arby’s, Dairy Queen, and Wendy’s). However, the attractiveness of PAR as an investment comes from it selling mission-critical products into this highly durable customer base of enterprise restaurants. Not only that, but it is currently charging customers a pittance relative to the value it’s providing. We believe the company has enormous latent pricing power, which we discuss below.
PAR’s unified platform – a mission critical software layer for restaurants PAR’s core product is its point-of-sale (POS) software. This is what allows restaurants to make sales. Basically, all transactions flow through the POS, and it acts as a system of record within the restaurant. PAR’s POS product is mission-critical for its restaurant customers: without the POS, a restaurant cannot make sales…” (Click here to read the full text)
An engineer working in a tech lab, surrounded by tools and components.
PAR Technology Corporation (NYSE:PAR) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 28 hedge fund portfolios held PAR Technology Corporation (NYSE:PAR) at the end of the first quarter compared to 33 in the third quarter. PAR Technology Corporation’s (NYSE:PAR) first quarter revenue increased more than 48% to $104 million. While we acknowledge the potential of PAR Technology Corporation (NYSE:PAR) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is as promising as NVIDIA but that trades at less than 5 times its earnings, check out our report about the undervalued AI stock set for massive gains.
In another article, we covered PAR Technology Corporation (NYSE:PAR) and shared Baron Small Cap Fund’s views on the company. In addition, please check out our hedge fund investor letters Q1 2025 page for more investor letters from hedge funds and other leading investors. While we acknowledge the potential of PAR as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
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Disclosure: None. This article is originally published at Insider Monkey.
