Bristlemoon Global Fund reported a -6.2% return in the fourth quarter of 2025, with a 0.3% return in December. The fund has generated a cumulative return of 11.9% since its inception. Market trends in 2025 saw AI winners rally while “cheap” stocks dropped further. ASML Holding N.V. (NASDAQ:ASML) was highlighted in the investor letter, with a one-month return of 17.10% and shares gaining 75.13% over the last 52 weeks, closing at $1,273.88 per share on January 9, 2026.

The fund explained its investment thesis in ASML Holding N.V. (NASDAQ:ASML) during an AI boom, leading to significant stock price appreciation. Jim Cramer noted ASML Holding (ASML) has had weak quarters recently. ASML Holding N.V. (NASDAQ:ASML) was held by 82 hedge fund portfolios at the end of the third quarter.

Read more at Yahoo Finance: Bristlemoon Global Fund’s Thesis on ASML (ASML) is Paying Off