Wasatch Global Investors outperformed in Q1 2025 with ICON PLC as a top holding.

From Yahoo Finance: 2025-06-26 11:11:00

Wasatch Global Investors released its first-quarter 2025 investor letter, reporting a decline in US equities due to potential tariffs and government funding cuts. Despite this, their strategy outperformed the Russell Midcap® Growth Index. Check out their top five holdings for 2025 picks.

In Q1 2025, Wasatch U.S. Select Strategy highlighted ICON Public Limited Company (ICLR), a Dublin-based clinical research organization. ICLR’s one-month return was 11.32%, with shares losing 53.42% over the past year. On June 25, 2025, ICLR closed at $145.91 per share, boasting a market cap of $11.597 billion.

ICON Public Limited Company (ICLR) detracted in Q1 2025, providing clinical research services to biotech and pharma firms. Concerns about funding weighed on their stock, but Wasatch remains confident in ICLR’s potential. With low valuation and accelerated buybacks, ICLR’s growth prospects are promising. Hedge funds are buying small-cap healthcare stocks, but ICLR is not among the most popular. Revenue declined 4.3% year-over-year to $2 billion. If interested in AI stocks, check out an undervalued AI stock for potential massive gains.

Read more: Should You Hold ICON PLC (ICLR)?