Pelican Bay Capital Management released its Q3 2025 investor letter, showing a 7.8% return for PBCM Concentrated Value Strategy vs. 5.3% for the Russell 1000 Value Index. Fidelity National Information Services, Inc. (FIS) was highlighted, with a one-month return of -3.76% and a market cap of $33.55 billion.

In PBCM’s investor letter, they noted FIS as a top holding, despite a decline in performance due to conservative outlook. FIS closed at $64.78 per share on November 7, 2025. The company is seen as undervalued, with potential for growth according to Billionaire Mason Hawkins’ analysis.

While 49 hedge fund portfolios held FIS in Q2 2025, some investors believe other AI stocks offer better upside potential. The London Company Income Equity Strategy chose to exit FIS in Q3 2025. For more insights into hedge fund investor letters in Q3 2025, check out Insider Monkey’s page.

Read more at Yahoo Finance: Fidelity Information Systems (FIS) Fell on a Conservative Outlook