TCW Concentrated Large Cap Growth Fund Initiated a Position in Iron Mountain, Inc. (IRM) in Q3

Core Insights - TCW Global Real Estate Fund reported a return of +2.37% for Q3 2025, underperforming the S&P Global REIT Index which returned +4.50% [1] - The fund's performance was positively impacted by an overweight allocation in Diversified Real Estate Activities, while an overweight in Telecom Tower REITs negatively affected performance [1] Company Overview: Iron Mountain Incorporated (NYSE:IRM) - Iron Mountain is a REIT specializing in storage and information management solutions, with a one-month return of -1.01% and a 52-week loss of 20.93% [2] - As of December 26, 2025, Iron Mountain's stock closed at $81.99 per share, with a market capitalization of $24.235 billion [2] Growth Potential - Iron Mountain is recognized as a leader in the records management industry, with growth driven by new ventures in data centers, tech hardware recycling, international paper storage, and digital solutions [3] - The company is well-positioned to benefit from the recovery of its datacenter segment and the durability of its Records Management Business, along with a leading market share in the fragmented Asset Lifecycle Management industry [3] Hedge Fund Interest - Iron Mountain was held by 37 hedge fund portfolios at the end of Q3 2025, a decrease from 47 in the previous quarter [4] - The company's revenue increased by 13% to $1.8 billion in Q3 2025, indicating growth potential [4]