Investment management company Vulcan Value Partners recently released its fourth-quarter 2025 investor letter. A copy of the letter can be downloaded here. All the strategies of Vulcan Value Partners delivered positive results in the year. The Large Cap Composite (Net) returned -1.5% in Q4 and 7.9% YTD, the Small Cap Composite (Net) gained 3.2% in Q4 and 9.5% YTD, The Focus Composite (Net) retuned 0.1% in Q4 and 7.1% YTD, Focus Plus Composite (Net) returned 0.1% in Q4 and 6.2% YTD and the All-Cap Composite (Net) returned 1.3% in Q4 and 10.7% YTD. Despite overvalued markets, the firm improved its price-to-value ratios while still achieving positive returns, prioritizing safety and long-term gains over short-term performance. This situation echoes the late 1990s dot-com bubble, where hype and high valuations led to a crash, and today’s AI disruptions seem to mirror that pattern, with investors risking overpaying for promising businesses. The firm is addressing such situations by sticking to its investment discipline. For more information on the firm’s best picks in 2025, please check its top five holdings. In addition, please check the firm’s top five holdings to know its best picks in 2025.
In its fourth-quarter 2025 investor letter, Vulcan Value Partners highlighted Ituran Location and Control Ltd. (NASDAQ:ITRN) as a material contributor within its Small Cap Strategy. Ituran Location and Control Ltd. (NASDAQ:ITRN) is an Israel-based telematics products and services company. Ituran Location and Control Ltd. (NASDAQ:ITRN) shares traded between $30.06 and $45.90 over the past 52 weeks. On January 26, 2026, Ituran Location and Control Ltd. (NASDAQ:ITRN) stock closed at $44.13 per share. One-month return of Ituran Location and Control Ltd. (NASDAQ:ITRN) was 4.08%, and its shares gained 14.62% of their value over the last three months. Ituran Location and Control Ltd. (NASDAQ:ITRN) has a market capitalization of $877.904 million.
Vulcan Value Partners stated the following regarding Ituran Location and Control Ltd. (NASDAQ:ITRN) in its fourth quarter 2025 investor letter:
“Ituran Location and Control Ltd. (NASDAQ:ITRN) provides stolen vehicle recovery services, primarily in Israel, Brazil, and other parts of Latin America and was a material contributor during the quarter and year. Using a device installed in the car, Ituran is able to detect when a vehicle has been stolen, notify law enforcement, and assist in the locating and recovery of the vehicle. Ituran’s customers include auto OEMs, individual drivers, and insurance companies. 70% of its revenue comes from ongoing subscriptions. Ituran performed well in 2025, with YTD revenue up +5%, while the EBITDA margin has contracted slightly due to currency headwinds. In May, the company announced a major agreement with Stellantis, which covers multiple countries in South America over a multiyear period. In November, they announced a new 3-year agreement with Renault in Latin America. We continue to like Ituran’s business and believe it trades at a substantial discount to intrinsic value.”
Ituran Location and Control Ltd. (NASDAQ:ITRN) is not on our list of 30 Most Popular Stocks Among Hedge Funds. According to our database, 13 hedge fund portfolios held Ituran Location and Control Ltd. (NASDAQ:ITRN) at the end of the third quarter, up from 10 in the previous quarter. While we acknowledge the risk and potential of Ituran Location and Control Ltd. (NASDAQ:ITRN) 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 Ituran Location and Control Ltd. (NASDAQ:ITRN) and that has 10,000% upside potential, check out our report about this cheapest AI stock.
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.
