Core Insights - Optimist Fund reported a return of +9.1% in Q3 2025, outperforming the benchmark return of 7.9% [1] - The fund is focusing on cyclical holdings that have been in multi-year downswings while also paying attention to developments in AI [1] Company Summary: Wayfair Inc. (NYSE:W) - Wayfair Inc. achieved a one-month return of 15.67% and a remarkable 155.04% increase in share value over the past 52 weeks, closing at $102.40 per share with a market capitalization of $13.347 billion on October 30, 2025 [2] - The company reported revenue growth of approximately 5% year-over-year to $3.27 billion, marking its fastest top-line growth since Q1 2021, with growth closer to 6% when excluding the exit from Germany [3] - Wayfair is not among the 30 most popular stocks among hedge funds, with 46 hedge fund portfolios holding its stock at the end of Q2 2025, up from 43 in the previous quarter [4]