Core Insights - The Meridian Small Cap Growth Fund reported a 4.20% net return in Q3 2025, underperforming the Russell 2000 Growth Index which returned 12.19% [1] - U.S. small caps outperformed large caps in Q3 2025, with small caps gaining 12.4% compared to large caps' 5.3% [1] - Value stocks slightly outperformed growth stocks among small caps, returning 12.6% and 12.2% respectively [1] Company Analysis: Consensus Cloud Solutions, Inc. (NASDAQ:CCSI) - Consensus Cloud Solutions, Inc. is a leading provider of secure data delivery for enterprise healthcare and cloud fax solutions, with a market capitalization of $427.25 million [2][3] - The stock experienced a one-month return of -24.36% and a 52-week loss of 9.83%, closing at $22.48 per share on December 02, 2025 [2] - The company reported Q3 2025 revenue of $87.8 million, consistent with Q3 2024, and maintained strong margins in the mid-50% range [4] - Consensus Cloud Solutions has a high percentage of recurring revenues and low churn in the enterprise segment, which supports its growth potential [3] - The stock is trading at around five times earnings with a ~20% free cash flow yield, indicating limited downside potential [3] Hedge Fund Interest - Consensus Cloud Solutions was held by 14 hedge fund portfolios at the end of Q3 2025, a decrease from 15 in the previous quarter [4] - Despite its potential, certain AI stocks are viewed as offering greater upside potential and less downside risk compared to Consensus Cloud Solutions [4]