Platinum Asset Management, an investment management company, released its Q3 2025 investor letter for “Platinum International Brands Fund”. A copy of the letter can be downloaded here. The fund returned 1% in the quarter compared to 6% for the MSCI AC World Index. This was a challenging quarter for the fund. The performance in the quarter was affected by the shift of capital to AI names. Also, in the US, indications of declining consumer confidence and lackluster job figures have put a damper on the consumer brands industry. The fund continues to see brand-based businesses as attractive investments. In addition, you can check the fund’s top 5 holdings to find out its best picks for 2025.
In its third-quarter 2025 investor letter, Platinum International Brands Fund highlighted stocks such as Birkenstock Holding plc (NYSE:BIRK). Birkenstock Holding plc (NYSE:BIRK) engages in the manufacturing and distribution of footwear products. The one-month return of Birkenstock Holding plc (NYSE:BIRK) was 8.45%, and its shares lost 21.63% of their value over the last 52 weeks. On December 08, 2025, Birkenstock Holding plc (NYSE:BIRK) stock closed at $42.61 per share, with a market capitalization of $7.836 billion.
Platinum International Brands Fund stated the following regarding Birkenstock Holding plc (NYSE:BIRK) in its third quarter 2025 investor letter:
“Until a decade ago, Birkenstock was a sleepy, family-owned European business. With a 250-year heritage, its brand was iconic, but the business was stagnant – mismanaged, bloated and directionless.
Birkenstock Holding plc (NYSE:BIRK) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 40 hedge fund portfolios held Birkenstock Holding plc (NYSE:BIRK) at the end of the third quarter, which was 46 in the previous quarter. While we acknowledge the potential of Birkenstock Holding plc (NYSE:BIRK) 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.
