Ashva Capital Management, an investment management company, released its Q2 2025 investor letter. A copy of the letter can be downloaded here. Year-to-date (through June 30, 2025), the fund returned -1.55% compared to the S&P 500’s 5.5% return. In addition, please check the fund’s top five holdings to know its best picks in 2025.
In its second quarter 2025 investor letter, Ashva Capital Management highlighted stocks such as Credo Technology Group Holding Ltd (NASDAQ:CRDO). Credo Technology Group Holding Ltd (NASDAQ:CRDO) offers a wide range of various high-speed connectivity solutions for optical and electrical Ethernet applications. The one-month return of Credo Technology Group Holding Ltd (NASDAQ:CRDO) was 32.39%, and its shares gained 215.16% of their value over the last 52 weeks. On July 10, 2025, Credo Technology Group Holding Ltd (NASDAQ:CRDO) stock closed at $97.29 per share, with a market capitalization of $16.699 billion.
Ashva Capital Management stated the following regarding Credo Technology Group Holding Ltd (NASDAQ:CRDO) in its second quarter 2025 investor letter:
“Credo Technology Group Holding Ltd (NASDAQ:CRDO) is a stealthy compounder in the high-performance connectivity and data infrastructure space. As AI workloads explode and data centers scale up, Credo’s low-power, high-efficiency solutions are becoming increasingly mission-critical. We believe the company is still early in its growth arc and well positioned to benefit from secular trends in hyperscale data transmission and edge computing.”
An engineer in a cleanroom testing and tweaking an integrated circuit.
Credo Technology Group Holding Ltd (NASDAQ:CRDO) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 41 hedge fund portfolios held Credo Technology Group Holding Ltd (NASDAQ:CRDO) at the end of the first quarter, compared to 43 in the previous quarter. Credo Technology Group Holding Ltd (NASDAQ:CRDO) reported revenue of $170 million in the fiscal fourth quarter of 2025, a 26% sequential increase and up 180% year-over-year. While we acknowledge the potential of CRDO as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
In another article, we covered Credo Technology Group Holding Ltd (NASDAQ:CRDO) and shared the list of worst aggressive growth stocks to buy according to short sellers. In addition, please check out our hedge fund investor letters Q2 2025 page for more investor letters from hedge funds and other leading investors.
