Rowan Street Capital’s Q4 2025 Investor Letter

Rowan Street Capital, an investment management company, released its Q4 2025 investor letter. Rowan Street generated solid results in 2025 but underperformed the S&P 500 Index. The Composite returned +11.1% (net) in 2025 compared to +17.9% for the Index. Rowan Street delivered a cumulative net return of +252% over the past three years, compared to +78% for the Index during the same period. It is a concentrated strategy with a focus on long-term compounding. 2025 performance was driven by Tesla, its new position in the year. Rowan Street invests in the same set of companies, allowing time and compounding to build growth. Please review the Fund’s top five holdings to gain insights into their key selections for 2025.

A copy of Rowan Street Capital’s Q4 2025 investor letter can be downloaded here.