TCW Concentrated Large Cap Growth Fund Initiated a Position in Iron Mountain, (IRM) in Q3

TCW funds, an investment management company, released its “TCW Global Real Estate Fund” third-quarter 2025 investor letter. A copy of the letter can be downloaded here. The fund (I Share) returned +2.37% in the quarter compared to +4.50% for the S&P Global REIT Index. The overweight allocation in Diversified Real Estate Activities had a favorable impact on the fund’s relative performance in the quarter, while the overweight in Telecom Tower REITs had a negative effect. In addition, please check the fund’s top five holdings to know its best picks in 2025.

In its third-quarter 2025 investor letter, TCW Global Real Estate Fund highlighted stocks such as Iron Mountain Incorporated (NYSE:IRM). Iron Mountain Incorporated (NYSE:IRM) is a REIT that provides storage and information management solutions. The one-month return of Iron Mountain Incorporated (NYSE:IRM) was -1.01%, and its shares lost 20.93% of their value over the last 52 weeks. On December 26, 2025, Iron Mountain Incorporated (NYSE:IRM) stock closed at $81.99 per share, with a market capitalization of $24.235 billion.

TCW Global Real Estate Fund stated the following regarding Iron Mountain Incorporated (NYSE:IRM) in its third quarter 2025 investor letter:

“Iron Mountain Incorporated (NYSE:IRM) (IRM; 2.71%**; Other Specialized Reits) – Iron Mountain (IRM) is the global leader in the records management industry, and has found an inflection in growth rate behind new growth ventures that include data centers, tech hardware recycling, international paper storage markets, and digital solutions (digitizing paper records, structuring the data, pulling AI insights from data). We believe that the company is well-positioned to benefit from recovery of the company’s datacenter segment, the durability of the Records Management Business, and the company’s leading market share in the very fragmented Asset Lifecycle Management industry.”

Iron Mountain Incorporated (NYSE:IRM) is not on our list of 30 Most Popular Stocks Among Hedge Funds. According to our database, 37 hedge fund portfolios held Iron Mountain Incorporated (NYSE:IRM) at the end of the third quarter, compared to 47 in the previous quarter. In the third quarter of 2025, Iron Mountain Incorporated’s (NYSE:IRM) revenue increased 13% to $1.8 billion. While we acknowledge the risk and potential of Iron Mountain Incorporated (NYSE:IRM) 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 Iron Mountain Incorporated (NYSE:IRM) and that has 10,000% upside potential, check out our report about this cheapest AI stock.

In another article, we covered Iron Mountain Incorporated (NYSE:IRM) and shared the list of best real estate dividend stocks to buy. Baron Real Estate Fund also initiated a position in Iron Mountain Incorporated (NYSE:IRM) in Q3 2025. In addition, please check out our hedge fund investor letters Q3 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.