Group 1: Fund Performance - Crossroads Capital LLC reported a 2.7% net return in Q4 2025, leading to an annual return of 37.7% net [1] - Since inception, the Fund has compounded at a rate of 21.2% gross and 17.1% net [1] - By the end of December 2025, the Fund's overall non-delta adjusted gross and net exposure were 89.7% and 72.1%, respectively [1] Group 2: Market Sentiment and Outlook - The market sentiment shifted rapidly in November 2025 due to concerns over the AI bubble, Federal Reserve uncertainty, and bearish positioning [1] - Q4 2025 demonstrated increased market volatility and reflexivity, with cautious optimism for a positive trend in market breadth and interest in small-cap stocks into 2026 [1] Group 3: Company Focus - FTAI Aviation Ltd. - FTAI Aviation Ltd. (NASDAQ:FTAI) is highlighted as a key stock, with a market capitalization of $31.367 billion [2] - The stock closed at $305.80 per share on February 27, 2026, with a one-month return of 11.45% and a 52-week gain of 157.82% [2] - FTAI Aviation Ltd. is transforming into a capital-light, high-visibility model through its Strategic Capital Initiative (SCI), despite being valued as a cyclical lessor [3]