First Pacific Advisors released its third-quarter 2025 investor letter for the FPA Queens Road Small Cap Value Fund, which returned 7.46% compared to the Russell 2000 Value Index’s 12.60%. The Fund has returned 13.77% in the first three quarters of 2025, outperforming the index. The firm expects the fund to excel in down markets and lag in speculative markets.

The FPA Queens Road Small Cap Value Fund highlighted REV Group, Inc. (NYSE:REVG) in its investor letter. The stock had a one-month return of -18.15% and gained 57.50% over the last 52 weeks. On November 21, 2025, REVG closed at $50.32 per share with a market cap of $2.456 billion. CEO Mark Skonieczny led significant operational restructuring at REV Group, Inc.

REV Group, Inc. (NYSE:REVG) is not among the 30 Most Popular Stocks Among Hedge Funds, but 31 hedge fund portfolios held it at the end of the second quarter. The company generated net sales of $644.9 million in Q3 2025, up from $579.4 million in Q3 2024. While REV Group shows investment potential, certain AI stocks may offer higher upside potential and lower downside risk.

Read more at Yahoo Finance: REV Group (REVG) Surged Following Improved Results