Wasatch Global Investors released its “Wasatch Small Cap Growth Strategy” second-quarter 2025 investor letter, showing U.S. small-cap stocks gained despite volatility after Trump’s tariff announcement. The Strategy matched the Russell 2000 Growth Index’s 11.97% return. Fabrinet (NYSE:FN) saw a 15.09% one-month return and closed at $329.57 per share on August 4, 2025.

Fabrinet (NYSE:FN) was a top contributor to Wasatch Small Cap Growth Strategy’s performance in Q2 2025, along with Nova Ltd. (NVMI). Fabrinet makes optical components for data centers, while Nova sells metrology systems for semiconductor manufacturing, both benefiting from AI growth. Their stocks rose due to the AI investment theme.

Fabrinet (NYSE:FN) is not among the 30 Most Popular Stocks Among Hedge Funds, but 38 hedge fund portfolios held it at the end of Q1 2025. While Fabrinet has potential, some AI stocks offer greater upside. Check our free report on the best short-term AI stock. Analyst views on Coatue’s favorite 33 AI stocks are also available.

In another article, Fabrinet (NYSE:FN) and analyst views on Coatue’s favorite 33 AI stocks were covered. Visit our hedge fund investor letters Q2 2025 page for more investor letters.

Read more at Yahoo Finance: Here’s What Fueled Fabrinet’s (FN) Rise in Q2