Do You Believe in the Fundamental Improvements of Upstart Holdings (UPST)?

Core Insights - Maple Tree Capital's Q3 2025 performance was mixed, with a notable decline in its Jonagold portfolio, which ended the quarter with a 13.12% loss, primarily due to the late-quarter decline of Upstart Holdings, Inc. [1] - Conversely, the Heartwood portfolio performed exceptionally well, gaining 40.2% in the same quarter and exceeding 100% return since its inception in 2023, significantly outperforming the S&P 500's 82% return during that period [1] - Upstart Holdings, Inc. (NASDAQ:UPST) is highlighted as a key stock, with a one-month return of 9.06% but a 52-week loss of 24.36%, closing at $46.57 per share with a market capitalization of $4.531 billion [2] - The sentiment around Upstart Holdings was notably high leading into its Q2 results, with significant media interest and coverage, including an interview featuring a prominent analyst on a popular YouTube channel [3]