Bristlemoon Global Fund’s Q4 2025 Investor Letter

Bristlemoon Capital, a global equities firm, released its “Bristlemoon Global Fund” fourth-quarter 2025 investor letter. The fund returned -6.2% in the December quarter and a 0.3% return in December. Since its inception, the fund has produced a cumulative return of 11.9%, net of fees. In 2025, market trends intensified, with perceived AI winners rallying, while stocks considered “cheap” dropped even further if labeled as AI losers. In addition, please check the fund’s top five holdings to know its best picks in 2025.

A copy of Bristlemoon Global Fund’s Q4 2025 investor letter can be downloaded here.