Watsco (WSO) Fell Amid Weak Equipment Volume

SouthernSun Asset Management, an investment management firm, released its “SMID Cap Strategy” third-quarter 2025 investor letter. A copy of the letter can be downloaded here. During the third quarter of 2025, the SMID Cap Composite returned 8.15% on a gross basis (7.96% net) compared to the Russell 2500’s 9.00% return and the Russell 2500® Value index’s 8.17% gain, over the same period. Over the trailing twelve months, the composite returned 2.55% on a gross basis (1.86% net)...