3 weeks ago
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Soumya Eswaran
Fri, February 6, 2026 astatine 7:43 AM CST 3 min read
Pelican Bay Capital Management (PBCM), an concern absorption company, released its fourth-quarter 2025 capitalist letter. A transcript of the missive tin beryllium downloaded here. PBCM Concentrated Value Strategy returned 8.5% successful the quarter, compared to a 3.8% instrumentality for the Russell 1000 Value Index. The robust show of AI-related stocks and commodities vulnerability drove the Strategy’s show successful the quarter. For the afloat year, the Strategy returned 20.6% compared to 15.9% for the Index. The steadfast seeks to put successful high-quality companies with a beardown equilibrium sheet. Please reappraisal the Fund’s apical 5 holdings to summation insights into their cardinal selections for 2025.
In its fourth-quarter 2025 capitalist letter, PBCM highlighted ON Semiconductor Corporation (NASDAQ:ON). ON Semiconductor Corporation (NASDAQ:ON) is simply a semiconductor institution specializing successful intelligent sensing and powerfulness solutions. On February 5, 2026, ON Semiconductor Corporation (NASDAQ:ON) banal closed astatine $63.10 per share. One-month instrumentality of ON Semiconductor Corporation (NASDAQ:ON) was 1.51%, and its shares are up 23.12% implicit the past 12 months. ON Semiconductor Corporation (NASDAQ:ON) has a marketplace capitalization of $25.806 billion.
PBCM stated the pursuing regarding ON Semiconductor Corporation (NASDAQ:ON) successful its 4th fourth 2025 capitalist letter:
"In summation to the trading enactment we discussed above, we besides made the determination to exit our positions successful CME Group (CME) and ON Semiconductor Corporation (NASDAQ:ON). We person held a presumption successful On Semiconductor (ON) for astir 2 years. Shares person languished due to the fact that the downturn successful Electric Vehicle (EV) request has persisted for acold longer than anticipated. In our view, caller changes to the U.S. EV Tax Credit Regime and faltering economical maturation person delayed the expected betterment successful EV income for respective much years. This presumption is confirmed by caller announcements from General Motors, Ford, and Volkswagen that they are curtailing EV accumulation capacity.
ON Semiconductor Corporation (NASDAQ:ON) is not connected our database of 30 Most Popular Stocks Among Hedge Funds. According to our database, 45 hedge money portfolios held ON Semiconductor Corporation (NASDAQ:ON) astatine the extremity of the 3rd quarter, compared to 50 successful the erstwhile quarter. While we admit the imaginable of ON Semiconductor Corporation (NASDAQ:ON) arsenic an investment, we judge definite AI stocks connection greater upside imaginable and transportation little downside risk. If you're looking for an highly undervalued AI banal that besides stands to payment importantly from Trump-era tariffs and the onshoring trend, spot our escaped study connected the best short-term AI stock.
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