Renaissance Investment Management released its Q3 2025 investor letter, noting the S&P 500 hit all-time highs in September. The Russell 1000 Growth returned 10.5% and the S&P 500 returned 8.1%. However, the strategy underperformed both benchmarks. Tapestry, Inc. (NYSE:TPR) saw a 1.55% one-month return and closed at $114.97 per share on October 27, 2025.

In its investor letter, Renaissance Large Cap Growth Strategy discussed Tapestry, Inc. (NYSE:TPR) and its potential for future growth. The company, known for Coach and Kate Spade, made strategic changes to focus on core brands. Tapestry, Inc. (NYSE:TPR) is seen as under-penetrated in the European luxury market, offering room for organic growth. Jim Cramer describes Tapestry, Inc. (NYSE:TPR) as “well run.”

Tapestry, Inc. (NYSE:TPR) is not among the 30 most popular stocks among hedge funds, despite its potential. While 67 hedge fund portfolios held Tapestry, Inc. (NYSE:TPR) in Q2 2025, some AI stocks are seen as offering greater upside potential and lower downside risk. Investors seeking undervalued AI stocks may benefit from exploring other opportunities.

Read more at Yahoo Finance: What Makes Tapestry (TPR) an Investment Bet?