Hotchkis & Wiley released their second quarter 2025 investor letter for the Mid-Cap Value Fund, citing market volatility due to trade policies and geopolitical tensions. The fund gained 3.63% in Q2, trailing the Russell Midcap Value Index at 5.35%. Popular, Inc. (NASDAQ:BPOP) was highlighted as a top stock pick, with a one-month return of 1.23% and a market cap of $7.801 billion. Popular, Inc. (NASDAQ:BPOP) is a profitable bank with a dominant market share in Puerto Rico, trading at a low multiple of normal earnings per share. Hedge funds are holding Popular, Inc. (NASDAQ:BPOP) in 35 portfolios, but AI stocks may offer greater upside potential. Check out more investor letters from hedge funds on our page.

Read more at Yahoo Finance: Popular (BPOP) Surged in Q2 as Results Exceeded Expectations