Renaissance Investment Management released its Q3 2025 investor letter for the “International Small Cap Equity Strategy.” International equities saw positive returns for the third consecutive quarter, outperforming the benchmark. The portfolio had positive returns and is heading towards its best year since 2017.

In its Q3 2025 letter, Renaissance highlighted Nomad Foods Limited (NYSE:NOMD), a food company specializing in frozen food products. Nomad Foods’ stock had a one-month return of -1.23% and lost 30.44% over the last 52 weeks. On December 10, 2025, Nomad Foods closed at $12.34 per share with a market cap of $1.854 billion.

Renaissance International Small Cap Equity Strategy noted Nomad Foods’ weaker-than-expected performance due to warm weather affecting frozen food sales. Rising input costs are also impacting the company, with recovery not expected until price adjustments in 2026. Nomad Foods is not among the 30 most popular stocks among hedge funds.

Nomad Foods Limited (NYSE:NOMD) is not among the top 30 stocks held by hedge funds, with 32 hedge fund portfolios holding it at the end of Q3 2025. While Nomad Foods shows investment potential, some AI stocks offer greater upside with less downside risk. Check out our free report on the best short-term AI stock for more information.

Read more at Yahoo Finance: Nomad Foods Limited (NOMD) Slid as Results Fell Short of Expectations