Core Insights - Middle Coast Investing's third-quarter 2025 investor letter indicates a favorable performance, with its portfolio outperforming the S&P 500, returning 9.6% compared to the S&P 500's 7.8% [1] - The Core U.S. portfolios returned 10%, while the Russell 2000 returned 12%, the S&P 600 returned 8.7%, and the Nasdaq generated 11.2% during the same period [1] - European Portfolios appreciated by 5.5% in Q3 2025 [1] Company Focus: Everus Construction Group, Inc. (NYSE:ECG) - Everus Construction Group, Inc. is highlighted as a strong investment, with a one-month return of 4.084% and a year-to-date gain of 21.78% [2] - As of October 3, 2025, Everus Construction Group's stock closed at $80.07 per share, with a market capitalization of $4.084 billion [2] - The company is noted for its role in the construction sector, particularly benefiting from the data center boom driven by AI [3] Performance and Market Position - Everus Construction Group reported second-quarter net sales of $921.5 million, marking a 31% increase from Q2 2024 [4] - The number of hedge funds holding Everus Construction Group decreased from 29 to 25 from the previous quarter [4] - Despite the potential of Everus Construction Group, there are suggestions that certain AI stocks may offer greater upside potential with less downside risk [4]
Everus Construction Group (ECG) Benefited from the Data Center Boom Fueled By AI