Group 1: Company Performance - Middle Coast Investing's collective portfolio outperformed the S&P 500 in Q3 2025, returning 9.6% compared to the S&P 500's 7.8% [1] - The Core U.S. portfolios returned 10%, while the Russell 2000 returned 12%, the S&P 600 returned 8.7%, and the Nasdaq generated 11.2% during the same period [1] - European Portfolios appreciated by 5.5% in Q3 2025 [1] Group 2: Corpay, Inc. Overview - Corpay, Inc. (NYSE:CPAY) is a payment company that assists businesses and consumers in managing vehicle-related expenses [2][3] - The stock of Corpay, Inc. experienced a one-month return of -7.35% and a 52-week loss of 13.31%, closing at $288.70 per share with a market capitalization of $20.386 billion on October 6, 2025 [2] - Corpay's fastest-growing segment is corporate payments, which helps companies manage accounts payable and cross-border transactions [3] Group 3: Corpay's Business Model - Corpay operates a classic fuel card business that allows companies to monitor spending on gas or electric charging [3] - The company also has a lodging business targeting hotel payments for emergencies, flight delays, or business-related stays [3]