Fiduciary Management Inc.’s Q1 2025 Investor Letter

Fiduciary Management Inc. (FMI), an independent money management firm, released its first-quarter 2025 investor letter. US stock markets experienced a decline in Q1 due to changing trade policies and skepticism about AI, with the S&P 500 Index and Russell 2000 Index falling 4.27% and 9.48%, respectively. Consumer confidence fell to a 12-year low amid uncertainty. International stock markets performed better. Value equities are outperforming the growth stock so far in 2025, which is encouraging. All the FMI portfolios have an active share above 90%. The firm’s focus is to find the best opportunities, and it has successfully executed a disciplined, value-oriented process for over 45 years. In addition, please check the fund’s top five holdings to know its best picks in 2025.

A copy of Fiduciary Management Inc.’s Q1 2025 investor letter can be downloaded here.