From Yahoo Finance: 2025-05-29 10:00:00

Meridian Funds, managed by ArrowMark Partners, reported a -7.59% return in Q1 2025. U.S. equities had their weakest quarter since 2022 due to tariff policy uncertainty. The fund underperformed the Russell 2500 Index with its top five holdings highlighted in the investor letter.

Cameco Corporation (NYSE:CCJ) was a standout stock in Meridian Contrarian Fund’s Q1 2025 letter. The uranium producer saw a 31.27% one-month return and closed at $60.41 per share on May 28, 2025. Its market capitalization stood at $26.34 billion.

Meridian Contrarian Fund praised Cameco Corporation (NYSE:CCJ) as a global uranium leader with strong reserves and low costs in its Q1 2025 investor letter. Despite volatility, the fund maintains its long-term investment thesis in the stock.

Cameco Corporation (NYSE:CCJ) didn’t make the 30 most popular stocks among hedge funds list. While 58 hedge fund portfolios held the stock in Q1, the focus remains on AI stocks for higher returns in a shorter timeframe. Investors seeking promising AI stocks can explore the report on an undervalued AI stock with significant potential gains.

Read more: Here’s Why Meridian Contrarian Fund is Holding Cameco Corporation (CCJ)