Muted Quarterly Results Impacted Grindr (GRND) in Q3

Core Insights - Voya Investment Management's "Voya MI Dynamic Small Cap Fund" experienced underperformance in Q3 2025, primarily due to stock selection issues despite a strong recovery in equity markets [1] - The fund's performance was negatively impacted by its overweight position in Grindr Inc. (NYSE:GRND), which reported disappointing Q2 2025 results [3] Fund Performance - The equity markets rebounded significantly in Q3 2025, recovering from earlier volatility caused by tariffs, with growth stocks outperforming value stocks [1] - The fund underperformed the index on a NAV basis during the quarter [1] Grindr Inc. (NYSE:GRND) Analysis - Grindr Inc. had a one-month return of -11.07% and a 52-week loss of 12.97%, closing at $13.49 per share with a market capitalization of $2.59 billion as of December 5, 2025 [2] - The stock was identified as a primary detractor from the fund's performance, influenced by a negative shift in its earnings results compared to previous quarters [3] Hedge Fund Interest - Grindr Inc. was held by 29 hedge fund portfolios at the end of Q3 2025, a decrease from 32 in the previous quarter [4] - Despite a 30% year-over-year revenue increase to $116 million, the company is viewed as having less upside potential compared to certain AI stocks [4]