Long Cast Advisers, an investment management firm, released its first-quarter 2025 investor letter. A copy of the letter can be downloaded here. In the first quarter, the fund’s cumulative net returns declined by 20%. The fund returned a cumulative 196% net of fees, or 12% CAGR, since its inception in November 2015 through the quarter-end of Q1 2025. In addition, you can check the fund’s top 5 holdings to determine its best picks for 2025.
In its first-quarter 2025 investor letter, Long Cast Advisers highlighted stocks such as Quest Resource Holding Corporation (NASDAQ:QRHC). Headquartered in The Colony, Texas, Quest Resource Holding Corporation (NASDAQ:QRHC) provides waste and recycling services. The one-month return of Quest Resource Holding Corporation (NASDAQ:QRHC) was -9.01%, and its shares lost 75.52% of their value over the last 52 weeks. On June 16, 2025, Quest Resource Holding Corporation (NASDAQ:QRHC) stock closed at $2.12 per share, with a market capitalization of $43.845 million.
Long Cast Advisers stated the following regarding Quest Resource Holding Corporation (NASDAQ:QRHC) in its Q1 2025 investor letter:
“Of our (now, less) material holdings, Quest Resource Holding Corporation (NASDAQ:QRHC) (3% of the portfolio at current prices) most dominates my headspace. It is one of our longest held portfolio positions. There is a lot of money to be made here – this could be an incredible platform company – if they can figure out the very figure-out-able solution to their technology deficit.
Going back to when we first started buying the stock, I’ve long (and forcefully) suggested they optimize their technology spend since they can’t scale revenues without it. Management has done some things right to create value in the company, but they have long seemed stubbornly unaware of the critical importance of good tech investments to enable the company to operate efficiently and at scale. From my outside perch, it looks like a classic case of them not knowing what they don’t know. …” (Click here to read the full text)
A mechanized oil-draining process in action, with workers surrounding the equipment.
Quest Resource Holding Corporation (NASDAQ:QRHC) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 9 hedge fund portfolios held Quest Resource Holding Corporation (NASDAQ:QRHC) at the end of the first quarter, which was 8 in the previous quarter. Quest Resource Holding Corporation (NASDAQ:QRHC) reported revenue of $68.4 million in the first quarter of 2025, marking a decrease of 6% from Q1 2024. While we acknowledge the potential of Quest Resource Holding Corporation (NASDAQ:QRHC) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is as promising as NVIDIA but that trades at less than 5 times its earnings, check out our report about the undervalued AI stock set for massive gains.
In another article, we covered Quest Resource Holding Corporation (NASDAQ:QRHC) and shared the list of best waste management stocks to invest in. In addition, please check out our hedge fund investor letters Q1 2025 page for more investor letters from hedge funds and other leading investors. While we acknowledge the potential of QRHC as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
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Disclosure: None. This article is originally published at Insider Monkey.
