Meridian Funds, managed by ArrowMark Partners, reported in their third-quarter 2025 investor letter that equities reached record highs driven by technology gains and falling bond yields. U.S. small caps outperformed large caps, with value stocks slightly surpassing growth stocks. The fund returned 4.20% (net) in the quarter compared to the Russell 2000 Growth Index’s 12.19% return.

In their third-quarter 2025 investor letter, Meridian Small Cap Growth Fund highlighted Kirby Corporation (NYSE: KEX), a US-based domestic tank barge operator. Kirby Corporation (NYSE: KEX) had a one-month return of 6.77% and lost 6.26% of its value over the last 52 weeks. On December 2, 2025, Kirby Corporation (NYSE: KEX) stock closed at $113.44 per share with a market capitalization of $6.33 billion.

Meridian Small Cap Growth Fund mentioned Kirby Corporation (NYSE: KEX) as the largest inland marine transportation provider in the U.S. The company moves bulk liquid products and offers aftermarket services. Despite near-term challenges, the fund remains confident in Kirby’s growth potential and added to its position during the period. Kirby Corporation (NYSE: KEX) is not among the 30 most popular stocks among hedge funds, with 46 hedge fund portfolios holding it at the end of the third quarter.

Read more at Yahoo Finance: Should You Be Confident in Kirby Corporation (KEX)?