Here’s What Pulled Down Grindr (GRND) in Q3

Maple Tree Capital, an investment management company, released its Q3 2025 investor letter. A copy of the letter can be downloaded here. The third quarter was mixed for Maple Tree Capital. The market continued to rebound from the Liberation Day lows, while the firm’s performance was affected by the late-quarter decline of one of its largest holdings, Upstart. This resulted in the Jonagold portfolio concluding the quarter with a 13.12% loss. On the other hand, its Heartwood portfolio delivered an exceptional quarter, gaining 40.2%, driven by the strong performance of its new holdings. Heartwood’s return has exceeded 100% since its inception in 2023, greatly surpassing the S&P 500’s 82% return during the same period. In addition, please check the fund’s top five holdings to know its best picks in 2025.

In its third-quarter 2025 investor letter, Maple Tree Capital highlighted stocks such as Grindr Inc. (NYSE:GRND). Grindr Inc. (NYSE:GRND) is a leading social networking and dating application for LGBTQ communities. The one-month return for Grindr Inc. (NYSE:GRND) was 3.15%, and its shares lost 24.83% over the last 52 weeks. On December 29, 2025, Grindr Inc. (NYSE:GRND) stock closed at $13.41 per share, with a market capitalization of $2.574 billion.

Maple Tree Capital stated the following regarding Grindr Inc. (NYSE:GRND) in its third quarter 2025 investor letter:

“Shares of Grindr Inc. (NYSE:GRND) have entered into a steep decline over the quarter. The market now believes GRND faces increased competition, from a fast growing “orgy” dating app Sniffies, as well as overstated/inflated user metrics. While Grindr has addressed these concerns, ARPPU growth came in light during their most recent quarter and a short report was issued, adding steam to this narrative. We continue to believe Grindr is positioned well to become the social network for the LGBTQ+ community and we anticipate adding to our stake in Q3.”

Grindr Inc. (NYSE:GRND) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 29 hedge fund portfolios held Grindr Inc. (NYSE:GRND) at the end of the third quarter, which was 32 in the previous quarter. In Q3 2025, Grindr Inc.’s (NYSE:GRND) total revenue increased 30% year-over-year to $116 million. While we acknowledge the risk and potential of Grindr Inc. (NYSE:GRND) 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 Grindr Inc. (NYSE:GRND) and that has 10,000% upside potential, check out our report about this cheapest AI stock.

In another article, we covered Grindr Inc. (NYSE:GRND) and shared the list of stocks that could mint millionaires in 2026. Grindr Inc. (NYSE:GRND) detracted from Voya MI Dynamic Small Cap Fund’s performance in Q3 2025. In addition, please check out our hedge fund investor letters Q3 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.