Kyndryl Holdings (KD) Fell Following Weak Bookings

Core Insights - Loomis Sayles Small Cap Value Fund reported a return of 6.21% in Q3 2025, underperforming the Russell 2000 Value Index which returned 12.60% [1] - The strong performance of US equities in Q3 was attributed to easing tariff concerns, a pro-growth budget from Congress, and expectations of further rate cuts by the Federal Reserve [1] Company-Specific Insights - Kyndryl Holdings, Inc. (NYSE:KD) had a one-month return of 7.23% but experienced a significant decline of 22.03% over the past 52 weeks, closing at $27.28 per share with a market capitalization of $6.306 billion on December 24, 2025 [2] - Kyndryl Holdings, Inc. was noted as a detractor from the fund's performance, alongside Haemonetics Corporation and Alight, Inc., due to a style mismatch with the fund's high-quality investment approach [3] - The number of hedge funds holding Kyndryl Holdings, Inc. decreased from 36 to 24 in the third quarter, indicating a decline in popularity among hedge fund portfolios [4] - Kyndryl reported revenue of $3.7 billion in Q2 of fiscal 2026, reflecting a 1% decrease year-over-year on a reported basis and a 3.7% decrease in constant currency [4]