Montaka Global Investments, an investment management company, released its fourth-quarter 2025 investor letter. A copy of the letter can be downloaded here. Montaka’s December 2025 investor letter explains that while global equity markets performed strongly in 2025, driven largely by artificial intelligence (AI) and a small number of high-performing technology stocks, the fund did not outperform during the year due to significant dispersion in stock returns across its portfolio. Some holdings generated strong gains, while others declined due to short-term factors such as concerns about AI disruption, weakness in housing-related sectors, and negative sentiment toward alternative assets and enterprise software. The letter argues that these declines are likely temporary and that many of these businesses remain fundamentally strong but currently undervalued. Looking ahead, the fund maintains a positive market outlook, believing that long-term opportunities remain strong as AI adoption accelerates, driving major investments in data centres, semiconductors, energy infrastructure, and critical commodities like lithium. The managers also note that rising geopolitical competition, resource scarcity, and technological disruption are reshaping the global economy, but they believe their strategy of investing in high-quality companies benefiting from long-term structural trends will continue to deliver strong returns over time. Consequently, the portfolio has been adjusted by adding to undervalued positions, trimming holdings that rallied strongly, and initiating a new investment in a lithium producer to benefit from expected future supply shortages linked to renewable energy and battery demand. In addition, you can check the Strategy’s top 5 holdings to determine its best picks for 2025.
In its fourth-quarter 2025 investor letter, Montaka Global Investments highlighted stocks like CoreWeave, Inc. (NASDAQ:CRWV). CoreWeave, Inc. (NASDAQ:CRWV) is a cloud infrastructure company specializing in high-performance GPU computing, providing scalable solutions for artificial intelligence, machine learning, and data-intensive workloads. The one-month return of CoreWeave, Inc. (NASDAQ:CRWV) was -15.29% while its shares traded between $33.52 and $187.00 over the last 52 weeks. On March 26, 2026, CoreWeave, Inc. (NASDAQ:CRWV) stock closed at approximately $80.45 per share, with a market capitalization of about $38.98 billion.
Montaka Global Investments stated the following regarding CoreWeave, Inc. (NASDAQ:CRWV) in its Q4 2025 investor letter:
“The second argument for bubble trouble is that hyperscalers are overvalued because a new generation of cloud provider – such as CoreWeave, Inc. (NASDAQ:CRWV) – is entering the market, leading to a deteriorating competitive landscape. But these new cloud providers are not comparable to the hyperscalers in several important ways. First, businesses like CoreWeave only offer specialised AI model-training infrastructure – a low margin, less differentiated and commoditised offering.”
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CoreWeave, Inc. (NASDAQ:CRWV) is not on our list of 40 Most Popular Stocks Among Hedge Funds Heading Into 2026. As per our database, 58 hedge fund portfolios held CoreWeave, Inc. (NASDAQ:CRWV) at the end of the fourth quarter, which was 62 in the previous quarter. While we acknowledge the risk and potential of CoreWeave, Inc. (NASDAQ:CRWV) 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 CoreWeave, Inc. (NASDAQ:CRWV) and that has 10,000% upside potential, check out our report about this cheapest AI stock.
In another article, we covered CoreWeave, Inc. (NASDAQ:CRWV) and shared the list of the most promising stocks under $100 to buy. 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.
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