Laughing Water Capital’s Q2 2025 investor letter reported a 13.1% return for Class A interests, outperforming the S&P500TR and R2000. Top 5 holdings for 2025 are available for review. Clarus Corporation (NASDAQ: CLAR) was highlighted, with a one-month return of 12.71% and a market capitalization of $153.223 million.

In the letter, Laughing Water Capital discussed Clarus Corporation (NASDAQ: CLAR) as a consumer products business focusing on outdoor adventure gear. The company is undergoing a reset after expanding their SKU count. Clarus struggles with profitability due to a lack of scale and focus.

While Clarus Corporation (NASDAQ: CLAR) was not among the 30 Most Popular Stocks Among Hedge Funds, 13 hedge fund portfolios held it at the end of the first quarter. Sales for Clarus Corporation declined 13% year-over-year to $60.4 million. The potential of Clarus Corporation as an investment was acknowledged, but certain AI stocks were seen as offering greater upside potential with less downside risk.

Read more at Yahoo Finance: Here’s Laughing Water Capital’s Comment on Its New Investment in Clarus Corp. (CLAR)