Investment management company Ave Maria recently released its “Ave Maria Growth Fund” third-quarter 2025 investor letter. A copy of the letter can be downloaded here. In the third quarter, the fund returned 0.84% compared to the S&P 500 Index’s 8.12% return and the S&P 500® Equal Weight Index’s 4.84% gain. You can check the fund’s top 5 holdings for its best picks for 2025. In its third-quarter 2025 investor letter, Ave Maria Growth Fund highlighted stocks such as Tower Semiconductor Ltd. (NASDAQ:TSEM). ...

Core Insights - Renaissance Investment Management's Q3 2025 "International Small Cap Equity Strategy" investor letter indicates a positive trend in international equities, marking the third consecutive quarter of gains and heading towards the best year since 2017 [1] - The portfolio outperformed its benchmark during the quarter, showcasing strong relative performance [1] Company Highlights: Tower Semiconductor Ltd. (NASDAQ:TSEM) - Tower Semiconductor Ltd. is highlighted as a top contributor to the portfolio's performance, with a one-month return of 16.52% and a remarkable 152.70% increase over the last 52 weeks [2][3] - As of December 09, 2025, Tower Semiconductor's stock closed at $124.00 per share, with a market capitalization of $13.903 billion [2] - The company is expanding its capacity in Silicon Photonics and Silicon Germanium to meet the high demand for data centers and artificial intelligence [3] Financial Performance - Tower Semiconductor reported revenue of $396 million in Q3 2025, resulting in a net profit of $54 million [4] - The number of hedge funds holding Tower Semiconductor increased from 28 to 38 in the last quarter, indicating growing interest among institutional investors [4]