Night Watch Investment Management’s Q2 2025 Investor Letter

Night Watch Investment Management, an investment management firm, released its second-quarter 2025 investor letter. In the second quarter, the fund LP appreciated by 23.31% net of fees, and YTD, its performance stood at 20.71%. The portfolio demonstrated resilience in the quarter, despite volatility in March and April. In addition, please check the fund’s top five holdings to know its best picks in 2025.

A copy of Night Watch Investment Management’s Q2 2025 investor letter can be downloaded here.