Here’s What Lifted Wolverine Worldwide (WWW) in Q3

Platinum Asset Management, an investment management company, released its Q3 2025 investor letter for “Platinum International Brands Fund”. A copy of the letter can be downloaded here. The fund returned 1% in the quarter compared to 6% for the MSCI AC World Index. This was a challenging quarter for the fund. The performance in the quarter was affected by the shift of capital to AI names. Also, in the US, indications of declining consumer confidence and lackluster job figures have put a damper on the consumer brands industry. The fund continues to see brand-based businesses as attractive investments. In addition, you can check the fund’s top 5 holdings to find out its best picks for 2025.

In its third-quarter 2025 investor letter, Platinum International Brands Fund highlighted stocks such as Wolverine World Wide, Inc. (NYSE:WWW). Headquartered in Rockford, Michigan, Wolverine World Wide, Inc. (NYSE:WWW) is a footwear, apparel, and accessories manufacturer and distributor. The one-month return for WOLVERINE WORLD WIDE, INC. (NYSE:WWW) was 10.73%, and its shares lost 23.24% over the last 52 weeks. On December 08, 2025, Wolverine World Wide, Inc. (NYSE:WWW) stock closed at $17.44 per share, with a market capitalization of $1.43 billion.

Platinum International Brands Fund stated the following regarding Wolverine World Wide, Inc. (NYSE:WWW) in its third quarter 2025 investor letter:

“Wolverine World Wide, Inc. (NYSE:WWW) owns a portfolio of footwear brands. Like Amer Sport, it lacked the resources and leadership to commercialise its best assets. A new management team is implementing a much-needed shake-up, focusing resources on key brands.

Saucony has long held a powerful reputation among elite runners but failed to translate this halo effect into mainstream appeal. Its distribution was strong in specialty running stores but nearly non-existent in major sporting goods channels. When Nike made its ruinous strategic error of focusing on direct-to-consumer sales, it left a vacuum in the wholesale channel that brands like Hoka, On and New Balance eagerly filled. Saucony fumbled the opportunity, probably due to leadership flux at the time.

Fortunately, the current ‘retro runner’ fashion trend gave Saucony a second shot. Alongside New Balance and Asics, Saucony has a deep archive of heritage styles that resonate with today’s consumer and this is unlocking shelf space at mainstream retailers. While distribution has expanded rapidly, Saucony is still only in approximately 3,000 wholesale doors – for context, On and Birkenstock are in three to four times as many…” (Click here to read the full text)

In another article, we covered Wolverine World Wide, Inc. (NYSE:WWW) and shared the list of best footwear stocks to buy. In addition, please check out our hedge fund investor letters Q3 2025 page for more investor letters from hedge funds and other leading investors.

READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money.

Disclosure: None. This article is originally published at Insider Monkey.