Optimist Fund Trimmed Its Position in Fiverr International Ltd. (FVRR). Here’s Why

Core Insights - Optimist Fund reported a +9.1% return in Q3 2025, outperforming the benchmark return of 7.9% [1] - The fund is focusing on cyclical holdings that have been in multi-year downswings while also paying attention to developments in AI [1] Company Analysis: Fiverr International Ltd. (NYSE:FVRR) - Fiverr International Ltd. experienced a one-month return of -5.50% and a 52-week loss of 26.53%, closing at $22.18 per share with a market capitalization of $819.172 million on October 30, 2025 [2] - The fund's position in Fiverr was reduced to a 4% weight after the company's results fell short of expectations, despite an earlier increase in position due to the launch of a new AI product [3] - Fiverr is not among the 30 most popular stocks among hedge funds, with 18 hedge fund portfolios holding its stock at the end of Q2 2025, up from 17 in the previous quarter [4]