13D Activist Fund, focusing on shareholder activist companies, shared its Q3 2025 investor letter. The fund’s class I shares returned 8.88%, underperforming the Russell 2000 Index at 12.39%. Despite being pleased with its performance, there is room for improvement relative to the market. Check out the fund’s top five holdings for insights.

In their Q3 2025 investor letter, 13D Activist Fund highlighted Tripadvisor, Inc. (NASDAQ: TRIP). Tripadvisor, headquartered in Needham, MA, saw a one-month return of -1.04% and a year-over-year gain of 8.46%. As of December 03, 2025, Tripadvisor stock closed at $15.26 per share, with a market cap of $1.784 billion.

13D Activist Fund’s investor letter emphasized Tripadvisor’s three online platforms enhancing travel planning. Despite owning successful businesses, Tripadvisor trades at a discount. The company’s vast user base and revenue potential make it an intriguing investment opportunity, especially given its current valuation relative to peers.

Tripadvisor, Inc. (NASDAQ: TRIP) did not make the list of 30 Most Popular Stocks Among Hedge Funds. However, 39 hedge fund portfolios held TRIP at the end of Q3 2025. TRIP saw a 4% revenue growth in the quarter, totaling $553 million, with an adjusted EBITDA of $123 million. While TRIP has potential, other AI stocks may offer greater upside with less downside risk.

For more insights on Tripadvisor, check out additional articles and investor letters on the company. Explore the views of leading investors and hedge funds in the Q3 2025 investor letters. Stay informed on market trends and potential investment opportunities.

Read more at Yahoo Finance: 13D Activist Fund Established a Position in TripAdvisor (TRIP) in Q3