Rowan Street Capital on Its New Addition to Tesla (TSLA)

Core Insights - Rowan Street Capital's third-quarter 2025 investor letter indicates a stable fund performance with a +0.22% return for the quarter, leading to a year-to-date return of +20.4% net of fees, outperforming the S&P 500's +14.8% [1] - Over the past three years, the fund has compounded at approximately +54.2% annually, achieving a cumulative return of +266%, significantly exceeding the S&P 500's +24.9% annualized gain [1] Company Highlights - Tesla, Inc. (NASDAQ:TSLA) is highlighted as a key investment, with a one-month return of 1.82% and a 52-week gain of 65.51%, closing at $438.97 per share with a market capitalization of $1.46 trillion as of October 22, 2025 [2] - Rowan Street Capital initiated its position in Tesla earlier in the year, with the stock appreciating approximately 76% since then, reflecting the company's founder-led and competitively advantaged business model [3] - Tesla ranks 23rd among the 30 Most Popular Stocks Among Hedge Funds, with 115 hedge fund portfolios holding the stock at the end of the second quarter, an increase from 104 in the previous quarter [4]