Prosper Stars & Stripes released its Q2 2025 investor letter, showing a net return of +9.6%. Top holding Magnite, Inc. (NASDAQ: MGNI) gained 16.94% in a month and 88.18% in a year, closing at $25.95 per share with a $3.695 billion market cap. The company operates as a leading independent omni-channel sell-side advertising platform.

Magnite, Inc. (NASDAQ: MGNI) was the top contributor in Prosper Stars & Stripes’ long book in Q2 2025. The company offers critical ad inventory solutions to publishers and is well-positioned in the TV advertising shift from linear to streaming. Magnite’s EBITDA could increase significantly if it gains market share, with a potential value of $30 per share.

Despite its performance, Magnite, Inc. (NASDAQ: MGNI) is not among the 30 most popular stocks among hedge funds. However, 34 hedge fund portfolios held MGNI at the end of Q2, up from 28 in the previous quarter. The company reported a 6% year-over-year revenue increase to $173 million in Q2. Looking for AI stocks with greater upside potential, some hedge funds may seek alternatives to MGNI.

To learn more about Magnite, Inc. (NASDAQ: MGNI) and other hedge fund investor letters from Q2 2025, visit Insider Monkey’s website. Explore the best and worst Dow stocks for the next 12 months, as well as 10 unstoppable stocks that could double your money. No disclosures were provided in the article.

Read more at Yahoo Finance: Prosper Stars & Stripes’ Long Book Contributor: Magnite (MGNI)