Mirion Technologies Inc (MIR) Rebounded in Q2 From a Sharp Sell-Off

Meridian Funds, managed by ArrowMark Partners, released its “Meridian Small Cap Growth Fund” second-quarter 2025 investor letter. A copy of the letter can be downloaded here.  During the quarter, equity markets experienced a significant rebound, increasing by 23% from their lowest points within the period to reach new record highs. In this environment, the fund returned 6.96% (net) in the second quarter compared to the Russell 2000 Growth Index’s 11.97% return. In addition, please check the fund’s top five holdings to know its best picks in 2025.

In its second-quarter 2025 investor letter, Meridian Small Cap Growth Fund highlighted stocks such as Mirion Technologies, Inc. (NYSE:MIR). Headquartered in Atlanta, Georgia, Mirion Technologies, Inc. (NYSE:MIR) offers radiation detection, measurement, analysis, and monitoring products and services that operate in the Medical and Nuclear & Safety segments. The one-month return of Mirion Technologies, Inc. (NYSE:MIR) was -4.79%, and its shares gained 87.85% of their value over the last 52 weeks. On August 18, 2025, Mirion Technologies, Inc. (NYSE:MIR) stock closed at $20.48 per share, with a market capitalization of $4.677 billion.

Meridian Small Cap Growth Fund stated the following regarding Mirion Technologies, Inc. (NYSE:MIR) in its second quarter 2025 investor letter:

“Mirion Technologies, Inc. (NYSE:MIR), a global leader in ionizing radiation measurement and detection, provides critical technologies for the nuclear power and medical sectors. Mirion’s revenues are largely recurring or replacement in nature and supported by strong secular trends, providing valuable transparency and predictability. The stock rebounded in the quarter following its sharp January sell-off tied to DeepSeek-related volatility—an event we viewed as unwarranted given Mirion’s recurring revenue model and supporting tailwinds. The stock gained further ground following progress in its Westinghouse partnership, which would add to its installed base, and amid discussions of potential new nuclear power facilities in the U.S. and Europe. We trimmed our position during the period as the share price appreciated.”

Mirion Technologies (MIR) Hits New All-Time High on Westinghouse Partnership

A radiation oncologist overseeing the delivery of radiation therapy to a patient.

Mirion Technologies, Inc. (NYSE:MIR) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 35 hedge fund portfolios held Mirion Technologies, Inc. (NYSE:MIR) at the end of the first quarter, which was 43 in the previous quarter. In the second quarter of 2025, Mirion Technologies, Inc. (NYSE:MIR) reported revenue of $222.9 million, a year-over-year increase of 7.6%While we acknowledge the risk and potential of Mirion Technologies, Inc. (NYSE:MIR) 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 Mirion Technologies, Inc. (NYSE:MIR) and that has 10,000% upside potential, check out our report about this cheapest AI stock.

In another article, we covered Ranpak Holdings Corp. (NYSE:PACK) and shared Bornite Capital’s Dan Dreyfus’ powerful investment thesis on the company. In addition, please check out our hedge fund investor letters Q2 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.