1 Main Capital, a boutique investment firm, released its third-quarter 2025 investor letter. A copy of the letter can be downloaded here. The fund returned 6.3% net in the third quarter compared to 8.1% and 12.4% for the S&P 500 (SPX) and Russell 2000 (RTY). Indices kept rising throughout the quarter as trade war fears eased and investor confidence was boosted by hopes that rate cuts would support economic growth. In addition, you can check the fund’s top 5 holdings to find out its best picks for 2025. In ...