Kingdom Capital Advisors Initiated a Position in Apartment Investment and Management Company (AIV) in Q3

Kingdom Capital Advisors, a private investment firm, released its third-quarter 2025 investor letter. A copy of the letter can be downloaded here. In the third quarter, the portfolio recovered from the significant drawdowns from November 2024 to June 2025. The composite returned 20.78% (net of fees) in the quarter, compared to 12.39% for the Russell 2000 TR, 8.12% for the S&P 500 TR, and 9.01% for the NASDAQ 100 TR. The portfolio compounded at 21.06% (net of fees) since its inception vs. 4.60% for the Russell 2000 TR, 11.46% for the S&P 500 TR, and 13.48% for the NASDAQ 100 TR. In addition, please check the fund’s top five holdings to know its best picks in 2025.

In its third-quarter 2025 investor letter, Kingdom Capital Advisors highlighted stocks such as Apartment Investment and Management Company (NYSE:AIV). Apartment Investment and Management Company (NYSE:AIV) is a diversified real estate company. The one-month return of Apartment Investment and Management Company (NYSE:AIV) was -1.91%, and its shares lost 10.98% of their value over the last 52 weeks. On October 13, 2025, Apartment Investment and Management Company (NYSE:AIV) stock closed at $7.70 per share, with a market capitalization of $1.096 billion.

Kingdom Capital Advisors stated the following regarding Apartment Investment and Management Company (NYSE:AIV) in its third quarter 2025 investor letter:

“We initiated a position in Apartment Investment and Management Company (NYSE:AIV) during the third quarter. The opportunity re-surfaced when the company announced the sale of their Boston multi-family apartment assets, initially sending the stock higher before it declined in the following days. While investors seemed dissatisfied with the sale price on the Boston portfolio, we see this as the clearest signal yet that the company will fully liquidate their remaining properties. We expect most of our invested cash to be returned within a few months given the incoming dividend from the Boston sale, proceeds from their Brickell sale (expected by year end), and the expected sale of their remaining apartment complexes. They still own multi-family units generating about $90m of operating income, and numerous in-progress development sites that we estimate to be worth another $6-7/share on top of the announced transactions.”

Apartment Investment and Management Company (NYSE:AIV) is not on our list of 30 Most Popular Stocks Among Hedge Funds. According to our database, 26 hedge fund portfolios held Apartment Investment and Management Company (NYSE:AIV) at the end of the second quarter, up from 25 in the previous quarter. While we acknowledge the risk and potential of Apartment Investment and Management Company (NYSE:AIV) 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 Apartment Investment and Management Company (NYSE:AIV) and that has 10,000% upside potential, check out our report about this cheapest AI stock.

In another article, we covered Apartment Investment and Management Company (NYSE:AIV) and shared the list of best REIT stocks to buy under $10. 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.