JDP Capital Management, an investment management company, released its “Survivor & Thriver Fund” first quarter 2025 investor letter. A copy of the letter can be downloaded here. The uncertainty surrounding the impact of tariffs on corporate earnings has led to significant volatility in individual stocks in the first quarter. In this environment, the fund was down 2% net to investors compared to a -4.2% return for the S&P 500, including dividends. For more information on the fund’s best picks in 2025, please check its top five holdings.
In its first-quarter 2025 investor letter, JDP Capital Management highlighted stocks such as CrossingBridge Advisors, LLC (OTC:ENDI). CrossingBridge Advisors, LLC (OTC:ENDI) is an investment manager that offers services to investment companies. The one-month return of CrossingBridge Advisors, LLC (OTC:ENDI) was 20.08%, and its shares gained 103.33% of their value over the last 52 weeks. On April 23, 2025, CrossingBridge Advisors, LLC (OTC:ENDI) stock closed at $15.24 per share with a market capitalization of $80.967 million.
JDP Capital Management stated the following regarding CrossingBridge Advisors, LLC (OTC:ENDI) in its Q1 2025 investor letter:
“CrossingBridge Advisors, LLC (OTC:ENDI) – On April 6, 2025, Endi Corp announced the sale of a 25% stake in its bond fund subsidiary CrossingBridge for $25.6 million. This implies a non-control valuation of over $100 million for CrossingBridge compared to the entire company’s pre-deal valuation of about $60 million. The reason for the 25% sale is unclear but my guess is that founder David Sherman wanted to raise growth capital without diluting ENDI stock. According to the company’s website, CrossingBridge’s assets under management were $3.8 billion as of March 31, 2025, up from $3.6 billion in February, the previous month. CrossingBridge is growing like a weed and benefiting from strong demand for its global credit products from institutions seeking yield. Prior to the sale ENDI had $20 million in shareholder equity comprised of mostly cash and investments as of December 31, 2024. Although ENDI is up over 30% YTD the stock remains undervalued based on earnings power with EBIT that could reach $20 million within three years and a fortress-like balance sheet to fund growth.”
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CrossingBridge Advisors, LLC (OTC:ENDI) is not on our list of 30 Most Popular Stocks Among Hedge Funds. While we acknowledge the potential of CrossingBridge Advisors, LLC (OTC:ENDI) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is as promising as NVIDIA but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
In addition, please check out our hedge fund investor letters Q1 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.