Voss Capital Reduced Its Stake in Euronet Worldwide (EEFT) in Q3

Group 1 - Voss Capital's funds returned +5.0% and +4.9% in Q3 2025, underperforming against the Russell 2000 Index (+12.4%), Russell 2000 Value Index (+12.6%), and S&P 500 Index (+8.3%) [1] - The Voss Value Master Fund had a total gross exposure of 205.4% and a net long exposure of 95.8% as of September 30, 2025 [1] - The top 10 long positions accounted for 77.8% of the fund, while the top 10 short positions represented -43.5% [1] Group 2 - Euronet Worldwide, Inc. (NASDAQ:EEFT) had a one-month return of 1.68% but lost 29.34% of its value over the last 52 weeks, closing at $74.52 per share with a market capitalization of $3.133 billion on December 01, 2025 [2] - Euronet Worldwide, Inc. has been a significant performance detractor for Voss Capital YTD, leading to a reduction in position to realize tax losses [3] - Recent results from Euronet Worldwide, Inc. showed weakness across all segments, with a lack of visibility into near-term growth drivers, necessitating catalysts such as a resumption of buybacks and an analyst day in early 2026 [3]