Core Insights - Optimist Fund reported a return of +9.1% in Q3 2025, outperforming the benchmark return of 7.9% [1] - The fund is focusing on cyclical holdings that have experienced multi-year downswings while also paying attention to developments in AI [1] Company Performance - ThredUp Inc. (NASDAQ:TDUP) is highlighted as a key stock, with a one-month return of -8.59% but a remarkable 1,458.21% increase in value over the past 52 weeks [2] - As of October 30, 2025, ThredUp's stock closed at $8.62 per share, with a market capitalization of $1.062 billion [2] - ThredUp's revenue grew by 16% year-over-year to $77.7 million, marking its fastest growth in several years, and adjusted EBITDA increased by approximately 100% year-over-year [3] Market Position - ThredUp Inc. was held by 25 hedge fund portfolios at the end of Q2 2025, an increase from 13 in the previous quarter [4] - Despite its growth potential, the company is not among the 30 most popular stocks among hedge funds, and certain AI stocks are considered to have greater upside potential with less downside risk [4]

Core Insights - Optimist Fund reported its strongest investment performance in Q2 2025, achieving a return of 39.2%, significantly outperforming its benchmark which returned 11.3% [1] Company Overview: ThredUp Inc. (NASDAQ:TDUP) - ThredUp Inc. is an online resale platform focused on secondhand apparel, shoes, and accessories, with a market capitalization of $1.33 billion as of September 15, 2025 [2] - The stock experienced a remarkable one-year return of 1,062.54% and a one-month return of 1.98% [2] Financial Performance - ThredUp Inc. reported a revenue growth of 16.4% year-over-year, reaching $77.7 million in Q2 2025 [4] - The company exceeded expectations in Q1 2025 and raised its guidance for Q2 and the full year, indicating a positive outlook for future performance [3] Investment Sentiment - ThredUp Inc. was held by 25 hedge fund portfolios at the end of Q2 2025, an increase from 13 in the previous quarter, reflecting growing interest among institutional investors [4] - Despite its strong performance, some analysts suggest that certain AI stocks may offer greater upside potential with less downside risk compared to ThredUp Inc. [4]