Group 1 - SouthernSun Asset Management's "SouthernSun Smid Cap Strategy" reported a fourth-quarter 2025 return of -3.72% gross (-3.89% net), underperforming the Russell 2500 Index which returned 2.22% and the Russell 2500® Value Index at 3.15% [1] - Over the trailing 12 months, the composite achieved a gross return of 5.19% (4.46% net), compared to 11.91% for the Russell 2500 Index and 12.73% for the Russell 2500® Value Index [1] - The letter emphasized lessons from the 2014-15 oil price collapse, highlighting that while AI is becoming integral to economic planning, its risks must be carefully evaluated as the market approaches 2026 [1] Group 2 - Oshkosh Corporation (NYSE:OSK) was highlighted as a key stock in the fourth-quarter 2025 investor letter, with a market capitalization of $10.63 billion [2] - As of March 03, 2026, Oshkosh Corporation's stock closed at $168.00 per share, with a one-month return of 0.65% and a significant 74.93% increase over the past 52 weeks [2] - The company operates in three primary segments: Access equipment, Vocational vehicles, and Transport, serving critical markets such as construction, defense, and emergency response, where performance and reliability are prioritized over price [3]