Riverwater Partners’ Small Cap Strategy underperformed the Russell 2000 in Q2 2025 due to defensive holdings and market preferences. Magnite, Inc. (NASDAQ: MGNI) saw a 12.49% one-month return and gained 92.19% over 52 weeks. The company’s stock closed at $24.85 on September 5, 2025, with a market cap of $3.539 billion.

Riverwater sold Magnite, Inc. (NASDAQ: MGNI) due to post-Liberation Day advertising pullback and tariff uncertainty. While 34 hedge funds held MGNI in Q2, total revenue rose 6% year-over-year to $173 million. Potential for MGNI investment exists, but other AI stocks may offer higher upside with less risk.

Prosper Stars & Stripes shared insights on Magnite, Inc. (NASDAQ: MGNI) in another article. For more investor letters and hedge fund insights, visit the hedge fund investor letters Q2 2025 page on Insider Monkey. Check out the best and worst Dow stocks for the next 12 months for further investment analysis.

Read more at Yahoo Finance: Riverwater Small Cap Strategy Sold Magnite (MGNI) Due to Tariff Uncertainty