Ace River Capital, an investment management company, released its fourth-quarter 2025 investor letter. A copy of the letter can be downloaded here. In Q4 2025, the Fund returned -4.55% compared to the S&P 500’s (SPX) +2.7% return and the Russell 2000’s (RTY) +2.2% return. The Fund has delivered -21.95% for the full year compared to +18.0% and +12.8% returns for the indexes, respectively. The firm attributed the unfavorable outcomes in the year to valuation pressures and unique events. Ace River Capital is a highly concentrated portfolio of small- and micro-cap businesses with resilient fundamentals, a solid asset base, and significant reinvestment potential. Please review the Fund’s top five holdings to gain insights into their key selections for 2025.
In its fourth-quarter 2025 investor letter, Ace River Capital highlighted stocks such as Vox Royalty Corp. (NASDAQ:VOXR). Vox Royalty Corp. (NASDAQ:VOXR) is a mining royalty company based in Westminster, Colorado. On February 9, 2026, Vox Royalty Corp. (NASDAQ:VOXR) stock closed at $5.29 per share. One-month return of Vox Royalty Corp. (NASDAQ:VOXR) was 8.18%, and its shares are up 116.80% over the past twelve months. Vox Royalty Corp. (NASDAQ:VOXR) has a market capitalization of $364.943 million.
Ace River Capital stated the following regarding Vox Royalty Corp. (NASDAQ:VOXR) in its fourth quarter 2025 investor letter:
“Since initiating a position in Vox Royalty Corp. (NASDAQ:VOXR) in Q4 2023, it has grown into the Fund’s largest holding and has returned approximately 160% at the time of writing. Gold prices continue to reach record highs, driven by inflation concerns, geopolitical instability, and inconsistent trade and fiscal policy.
Vox Royalty Corp. (NASDAQ:VOXR) is not on our list of 30 Most Popular Stocks Among Hedge Funds. According to our database, 12 hedge fund portfolios held Vox Royalty Corp. (NASDAQ:VOXR) at the end of the third quarter, up from 9 in the previous quarter. While we acknowledge the potential of Vox Royalty Corp. (NASDAQ:VOXR) as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
