Tapasya Fund Sold Airbnb (ABNB) in 2024

Tapasya Fund, an investment management company, released its fourth quarter 2025 investor letter. A copy of the letter can be downloaded here. The firm celebrated its third anniversary in August 2025 and is happy with the fund’s performance. In 2025, the fund performed well and achieved strong absolute returns, outpacing the S&P 500 and several other market indices. The year was marked by notable developments, especially related to tariffs, which led to substantial fluctuations in the market. There was a swift correction in April, followed by a robust rebound. The theme Artificial Intelligence (AI) has played a crucial role in supporting the market through times of volatility to reach new peaks, reaching over 38 new all-time highs this year. Against this backdrop, the fund returned 23.5% (net) in 2025 compared to a 17.9% return for the S&P 500 Index (with Dividends). The firm’s goal is to avoid any sector-specific bubble bursts, reducing the effect on the portfolio beyond general market downturns. In addition, please check the fund’s top five holdings to know its best picks in 2025.

In its fourth-quarter 2025 investor letter, Tapasya Fund highlighted stocks such as Airbnb, Inc. (NASDAQ:ABNB). Headquartered in San Francisco, California, Airbnb, Inc. (NASDAQ:ABNB) operates a platform that connects hosts and guests. The one-month return of Airbnb, Inc. (NASDAQ:ABNB) was 8.00%, and its shares gained 6.97% of their value over the last 52 weeks. On January 8, 2026, Airbnb, Inc. (NASDAQ:ABNB) stock closed at $138.66 per share, with a market capitalization of $84.893 billion.

Tapasya Fund stated the following regarding Airbnb, Inc. (NASDAQ:ABNB) in its fourth quarter 2025 investor letter:

Airbnb, Inc. (NASDAQ:ABNB): Context: Our family frequently uses ABNB, and we are fans of the service. However, the stock had been stagnant for several years. • Reason for Sale: Similar to HHH, the primary reason for selling was opportunity cost to redeploy capital for potentially higher returns. • Outcome: We exited at a small profit. The stock has moved sideways since the sale.”

Airbnb Inc (ABNB) Comes From An "Era" Of Winners, Says Jim Cramer

Airbnb, Inc. (NASDAQ:ABNB) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 71 hedge fund portfolios held Airbnb, Inc. (NASDAQ:ABNB) at the end of the third quarter, which was 79 in the previous quarter. Airbnb, Inc. (NASDAQ:ABNB) reported revenue of $4.1 billion in the third quarter of 2025, marking an increase of 10% year-over-year. While we acknowledge the risk and potential of Airbnb, Inc. (NASDAQ:ABNB) 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 Airbnb, Inc. (NASDAQ:ABNB) and that has 10,000% upside potential, check out our report about this cheapest AI stock.

In another article, we covered Airbnb, Inc. (NASDAQ:ABNB) and shared Parnassus Value Equity Fund’s views on the company. In addition, please check out our hedge fund investor letters Q4 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.