Core Insights - The Wasatch Micro-Cap Fund reported a return of 9.52% in Q3 2025, underperforming the benchmark Russell Microcap® Growth Index, which returned 19.93% [1] Group 1: Fund Performance - The fund's performance was driven by a strong risk appetite among investors, particularly in microcap stocks [1] - The top five holdings of the fund were highlighted, indicating the best investment picks for 2025 [1] Group 2: PAR Technology Corporation - PAR Technology Corporation (NYSE:PAR) provides omnichannel cloud-based solutions for the restaurant and retail sectors, with a one-month return of 11.50% [2] - The stock has seen a significant decline of 52.61% over the past 52 weeks, closing at $35.78 per share on December 17, 2025, with a market capitalization of $1.45 billion [2] - The company reported nearly 23% revenue growth in Q3 2025, reaching $119 million [4] Group 3: Investment Sentiment - Despite the potential of PAR Technology Corporation, it is not among the 30 most popular stocks among hedge funds, with 24 hedge fund portfolios holding the stock at the end of Q3 2025, down from 28 in the previous quarter [4] - The company experienced organic growth in Q2 that fell short of expectations, leading the fund to exit its position during the quarter [3]
Here’s Why Wasatch Micro-Cap Fund Sold PAR Technology Corp. (PAR) in Q3