Greystone Capital Management’s Q3 2025 Investor Letter

Greystone Capital Management, an investment management company, released its third-quarter 2025 investor letter. In the third quarter, the median account return for separate accounts managed by the firm was -3.6%, net of fees. The fund unfavorably compared to the S&P 500 and Russell 2000 returns of +8.1% and +12.4% during the quarter. The median account returned +1.6%, net of fees, year-to-date. The fund’s returns typically differ from index returns because its portfolios are invested in a concentrated manner, focusing on small companies outside the indexes. In addition, you can check the fund’s top 5 holdings to find out its best picks for 2025.

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