Tourlite Capital Management, an investment management company, released its fourth-quarter 2025 investor letter. A copy of the letter is available to download here. In Q4, Tourlite Fund, LP returned 0.2% compared to 2.7% for the S&P 500 Index and 2.2% for the Russell 2000. The Fund posted 2.8% for the full year 2025, substantially below the 17.9% and 12.8% returns of the indexes. In 2025, the fund underperformed below the target return range, primarily due to poor stock selection in the long book, which focuses on event-driven investments. While the short book added 0.9% to performance, the S&P 500 and Russell 2000 gained 18% and 13%, respectively. Despite disappointing results, the fundamental views of many key positions in the portfolio are believed to be intact, as some of them are showing positive early signs in 2026. Heading into 2026, the firm is expecting a positive environment for riskier assets and stocks due to the combination of robust economic growth and falling inflation. Please review the Fund’s top five holdings to gain insights into their key selections for 2025.
In its fourth-quarter 2025 investor letter, Tourlite Capital Management highlighted stocks like FTAI Aviation Ltd. (NASDAQ:FTAI). FTAI Aviation Ltd. (NASDAQ:FTAI) is an aviation company that owns, acquires, and sells aviation equipment for the transportation of goods and people. On March 23, 2026, FTAI Aviation Ltd. (NASDAQ:FTAI) stock closed at $241.54 per share. One-month return of FTAI Aviation Ltd. (NASDAQ:FTAI) was -20.53%, and its shares gained 106.55% over the past 52 weeks. FTAI Aviation Ltd. (NASDAQ:FTAI) has a market capitalization of $24.77 billion.
Tourlite Capital Management stated the following regarding FTAI Aviation Ltd. (NASDAQ:FTAI) in its fourth quarter 2025 investor letter:
“In our prior letter, we outlined a path for FTAI Aviation Ltd. (NASDAQ:FTAI) to reach $250 per share over the next twelve months. Since then, the company has announced a new initiative, FTAI Power, to repurpose CFM56 engines for data center power generation. Management believes they can eventually deliver over 100 engines annually at a $25 million sale price with 40% margins, representing a potential $1 billion EBITDA opportunity. Despite the recent move in the share price, we believe meaningful upside remains and believe shares could eclipse $300 this year as the company is on a path to achieving EBITDA of $3 billion over the next 2 years.
We see several catalysts on the horizon. Following the success of the upsized strategic capital initiative, we expect updates on a second SCI vehicle this year; LinkedIn data suggests FTAI continues to hire investment and investor relations professionals as they build out this business. On the product side, the fourth-quarter approval of a third PMA part should support continued market penetration for MRE, and we will be watching for updates on HPT blade adoption. Finally, FTAI Power is expected to begin ramping in the second half of 2026.”
FTAI Aviation Ltd. (NASDAQ:FTAI) is not on our list of 40 Most Popular Stocks Among Hedge Funds Heading Into 2026. According to our database, 56 hedge fund portfolios held FTAI Aviation Ltd. (NASDAQ:FTAI) at the end of the fourth quarter, up from 51 in the previous quarter. While we acknowledge the risk and potential of FTAI Aviation Ltd. (NASDAQ:FTAI) as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than FTAI Aviation Ltd. (NASDAQ:FTAI) and that has 10,000% upside potential, check out our report about this cheapest AI stock.
In another article, we covered FTAI Aviation Ltd. (NASDAQ:FTAI) and shared Crossroads Capital’s views on the company. In its Q3 2025 investor letter, Tourlite Capital noted that FTAI Aviation Ltd.’s (NASDAQ:FTAI) strong fundamentals and catalysts support the view that it could exceed $250 per share in the coming year. In addition, please check out our hedge fund investor letters Q4 2025 page for more investor letters from hedge funds and other leading investors.
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Disclosure: None. This article is originally published at Insider Monkey.
