Night Watch Investment Management’s third-quarter 2025 investor letter reported a 4.28% appreciation in fund LP net of fees, with a YTD performance of 25.88%. The market experienced a strong recovery. Tidewater Inc. (NYSE:TDW) was highlighted, with a one-month return of 5.40% and shares gaining 21.66% over 52 weeks.

Night Watch Investment Management fully exited energy positions in the third quarter, including Tidewater Inc. (NYSE:TDW). They anticipated a pause in offshore spending until at least 2027. Tidewater Inc. (NYSE:TDW) is not among the 30 most popular stocks among hedge funds, with 40 hedge fund portfolios holding it at the end of the third quarter.

Tidewater Inc. (NYSE:TDW) was discussed in another article, along with Black Bear Value Fund’s views on the company. For more investor letters from hedge funds and leading investors, visit the hedge fund investor letters Q3 2025 page.

Read more at Yahoo Finance: What Led Night Watch Investment Management to Exit Tidewater (TDW)?