Renaissance International Small Cap Equity Strategy Sold Fidelis Insurance Holdings Limited (FIHL) in Q3

Core Insights - Renaissance Investment Management's Q3 2025 "International Small Cap Equity Strategy" investor letter indicates a positive trend in international equities, marking the third consecutive quarter of gains and heading towards the best year since 2017 [1] - The portfolio outperformed its benchmark during the quarter, showcasing strong relative returns [1] Company Summary: Fidelis Insurance Holdings Limited (NYSE:FIHL) - Fidelis Insurance Holdings Limited experienced a one-month return of -3.61% and a 52-week loss of 5.48%, with its stock closing at $18.60 per share and a market capitalization of $1.95 billion as of December 09, 2025 [2] - The company was sold by Renaissance during the quarter due to anticipated growth challenges from industry-wide pricing pressures and lower interest rates affecting investment income [3] - Despite its potential, Fidelis Insurance Holdings Limited is not among the 30 most popular stocks among hedge funds, with 16 hedge fund portfolios holding the stock at the end of Q3 2025, down from 20 in the previous quarter [3]