Core Insights - The London Company reported a 6.3% return for its Large Cap Strategy in Q3 2025, underperforming the Russell 1000 Index which gained 8.0% [1] - The US economy maintained momentum despite mixed economic data, driven by a Fed rate cut, strong corporate earnings, and enthusiasm for AI [1] Company Overview: Equitable Holdings, Inc. (NYSE:EQH) - Equitable Holdings is a diversified financial services company focused on retirement and wealth management, managing over $1 trillion in client assets [3] - The stock experienced a one-month return of -4.28% but gained 9.67% over the past 52 weeks, closing at $48.79 with a market cap of $14.614 billion on November 3, 2025 [2] - The company operates with an asset-light model, generating strong free cash flow used for share repurchases and dividend growth, with an annual share count decline of about 8% and a dividend growth rate of 7% [3] Recent Developments - A recent reinsurance transaction with Venerable released nearly $2 billion in excess capital, reducing risk and validating reserves for Equitable Holdings [3] - The company is shifting towards higher-quality, fee-based retirement and asset management businesses, which is expected to enhance its market valuation [3] Market Position - Equitable Holdings is not among the top 30 most popular stocks among hedge funds, with 42 hedge fund portfolios holding the stock at the end of Q2 2025, down from 49 in the previous quarter [4] - While the company shows potential, certain AI stocks are viewed as having greater upside potential and lower downside risk [4]