Core Insights - Tourlite Capital Management reported a -2.0% return for its Tourlite Fund, LP in Q3 2025, underperforming the S&P 500 and Russell 2000 Indexes which returned 8.1% and 12.4% respectively [1] - The fund has achieved annualized returns of 8.6% since inception, compared to 13.4% for the S&P 500 and 6.3% for the Russell 2000 [1] - The firm noted a rise in speculative, lower-quality stocks reminiscent of trends from late 2021 [1] Company Focus: FTAI Aviation Ltd. - FTAI Aviation Ltd. (NASDAQ:FTAI) is highlighted as a key stock, involved in owning and acquiring aviation equipment for transportation [2] - The stock experienced a one-month return of -4.16% and a 52-week loss of 3.63%, closing at $164.99 with a market capitalization of $16.924 billion on November 19, 2025 [2] - Tourlite Capital Management expressed optimism for FTAI, citing strong fundamentals and several upcoming catalysts, including an investor day and anticipated FAA approval for a new part, projecting a potential value of over $250 per share within the next 12 months [3] Hedge Fund Interest - FTAI Aviation Ltd. was held by 48 hedge fund portfolios at the end of Q2 2025, a slight decrease from 49 in the previous quarter [4] - While FTAI is recognized for its investment potential, some analysts suggest that certain AI stocks may offer greater upside with less risk [4]