Upslope Capital Management, an investment management firm, released its first-quarter 2025 investor letter. A copy of the letter can be downloaded here. The First quarter was challenging for the fund. However, the world has transformed in the two weeks since March 31, due to a drastic realignment of international trade rules. As a result, markets are now more in line with Upslope’s strategy and portfolio. The fund returned -5.1% (net) in Q1 compared to -6.1% and +0.2% for the S&P Midcap 400 ETF (MDY) and HFRX Equity Hedge Index, respectively. In addition, you can check the fund’s top 5 holdings to determine its best picks for 2025.
In its first-quarter 2025 investor letter, Upslope Capital Management highlighted stocks such as V.F. Corporation (NYSE:VFC). Headquartered in Denver, Colorado, V.F. Corporation (NYSE:VFC) designs, manufactures, and distributes branded lifestyle apparel, footwear, and related products. The one-month return of V.F. Corporation (NYSE:VFC) was 36.43%, and its shares lost 19.15% of their value over the last 52 weeks. On April 21, 2025, V.F. Corporation (NYSE:VFC) stock closed at $10.47 per share with a market capitalization of $4.079 billion.
Upslope Capital Management stated the following regarding V.F. Corporation (NYSE:VFC) in its Q1 2025 investor letter:
VF Corp (VFC, parent company of North Face, Vans, and other brands) – I began selling VF in Q1 because as markets corrected it became clear that other more straight-forward investment opportunities were emerging (vs. VF’s somewhat high-wire turnaround). The announcement of potentially aggressive tariffs in early April solidified this view.
A model walking down the runway wearing a fashionable and performance-based apparel designed by the company.
V.F. Corporation (NYSE:VFC) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 36 hedge fund portfolios held V.F. Corporation (NYSE:VFC) at the end of the fourth quarter which was 30 in the previous quarter. V.F. Corporation’s (NYSE:VFC) revenue in fiscal Q3 2025 increased by 2% over the previous year’s quarter, marking the firm’s fourth consecutive quarter of growth. While we acknowledge the potential of V.F. Corporation (NYSE:VFC) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is as promising as NVIDIA but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
