Here’s What Hit Torrid Holdings (CURV) in Q3

Group 1 - Minot Light Capital Partners reported a net return of 7.6% for Q3 2025, which underperformed against benchmarks, particularly the micro-cap benchmark's return of 17.1% [1] - The fund's top five holdings were highlighted, indicating the best investment picks for 2025 [1] Group 2 - Torrid Holdings Inc. (NYSE:CURV) was identified as the biggest negative contributor for Minot Light in Q3 2025, with a one-month return of -20.91% and a 52-week loss of 80.27% [2][3] - Despite the negative performance, the company maintains a positive outlook on EBITDA margin and free cash flow expansion into 2026, driven by margin expansion strategies and revenue retention from closed stores [3]