Company Overview - Aoris Investment Management released its Q4 2025 investor letter, focusing on high-quality, wealth-creating businesses with a target return of 8–12% p.a. over a 5–7-year market cycle [1] - The fund's Class A (Unhedged) returned –0.5% after fees, while Class C (Hedged) gained 0.1%, both underperforming their respective benchmarks [1] InterContinental Hotels Group PLC (IHG) - InterContinental Hotels Group PLC (NYSE:IHG) is a leading global hospitality company, with a market capitalization of $20.1 billion [2] - The stock closed at $134.32 per share on March 11, 2026, with a one-month return of -7.92% and a 52-week gain of 20.59% [2] - IHG operates under various brands, including Holiday Inn and Crowne Plaza, and has been gaining market share from independent hotels due to its reward programs and consistent service [3] - IHG reported strong results for its September quarter, showing growth in current earnings and a robust pipeline of new hotel openings [3] Hedge Fund Interest - IHG is not among the 40 most popular stocks among hedge funds heading into 2026, with 12 hedge fund portfolios holding IHG at the end of Q4, down from 14 in the previous quarter [4] - While IHG is recognized for its investment potential, certain AI stocks are considered to offer greater upside potential and less downside risk [4]