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Meridian Funds, managed by ArrowMark Companions, launched its “Meridian Hedged Fairness Fund” third-quarter 2025 investor letter. A replica of the letter could be downloaded right here. Within the quarter, the market is extra centered on the tailwind of coverage easing than the headwind of weakening fundamentals, leading to substantial positive aspects regardless of stagflation rising as a key concern. On this atmosphere, the fund returned 1.67% (internet) in the course of the quarter, in comparison with 8.13% returns of the S&P 500 Index and three.53% returns of the secondary benchmark, the CBOE S&P 500 BuyWrite Index. As well as, please examine the fund’s high 5 holdings to know its finest picks in 2025.
In its third-quarter 2025 investor letter, Meridian Hedged Fairness Fund highlighted shares equivalent to Kenvue Inc. (NYSE:KVUE). Headquartered in Summit, New Jersey, Kenvue Inc. (NYSE:KVUE) is a client well being firm. The one-month return of Kenvue Inc. (NYSE:KVUE) was -0.06%, and its shares misplaced 21.06% of their worth over the past 52 weeks. On December 23, 2025, Kenvue Inc. (NYSE:KVUE) inventory closed at $17.02 per share, with a market capitalization of $32.609 billion.
Meridian Hedged Fairness Fund said the next relating to Kenvue Inc. (NYSE:KVUE) in its third quarter 2025 investor letter:
“Kenvue Inc. (NYSE:KVUE) is a client well being firm with main manufacturers like Tylenol, Listerine, and Neutrogena. Spun off from Johnson & Johnson, we see important alternatives for Kenvue to unlock worth by reinvesting in traditionally underfunded manufacturers, optimizing its value construction, and enhancing margins to boost money circulation. The corporate’s inventory dropped sharply in the course of the interval after experiences surfaced {that a} forthcoming U.S. Well being and Human Providers research would hyperlink acetaminophen (Tylenol’s energetic ingredient) to elevated autism danger throughout being pregnant. We view the market response as overdone for a number of causes: no new scientific proof has established a causal hyperlink, pregnant girls account for lower than 1% of Tylenol’s international gross sales (minimal income impression), and comparable claims have been largely dismissed in litigation in late 2023 (although appeals stay pending). We proceed to carry the corporate within the Fund and can carefully monitor Kenvue’s progress.”
Kenvue Inc. (NYSE:KVUE) is just not on our listing of 30 Most Widespread Shares Amongst Hedge Funds. In response to our database, 73 hedge fund portfolios held Kenvue Inc. (NYSE:KVUE) on the finish of the third quarter, up from 72 within the earlier quarter. Whereas we acknowledge the potential of Kenvue Inc. (NYSE:KVUE) as an funding, we consider sure AI shares provide better upside potential and carry much less draw back danger. If you happen to’re on the lookout for a particularly undervalued AI inventory that additionally stands to learn considerably from Trump-era tariffs and the onshoring pattern, see our free report on the finest short-term AI inventory.
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