Hotchkis & Wiley released its “Hotchkis & Wiley Mid-Cap Value Fund” third-quarter 2025 investor letter, reporting strong gains in equity markets. The fund outperformed the Russell Midcap Value Index, gaining 7.74% in the quarter. Top holdings include WPP plc, which saw a one-month return of 8.57% and closed at $21.16 per share on December 9, 2025. WPP plc faced pressure from lower-than-expected revenue growth but introduced a new CEO with digital transformation and AI experience. The company is trading at a low multiple of consensus earnings, with potential for mid-teens returns from capital return and organic growth.

Read more at Yahoo Finance: WPP PLC (WPP) Fell Due to Revenue Growth Falling Short of Expectations