Core Insights - The FPA Queens Road Small Cap Value Fund reported a return of 7.46% in Q3 2025, underperforming the Russell 2000 Value Index which returned 12.60% [1] - For the first three quarters of 2025, the fund achieved a return of 13.77%, outperforming the index's 9.04% [1] - The fund's investment strategy focuses on a disciplined and patient approach, expecting to perform better in down markets and lag in speculative markets [1] Company Overview: Vishay Intertechnology, Inc. (NYSE:VSH) - Vishay Intertechnology, Inc. manufactures discrete semiconductors and passive electronic components, with a one-month return of -27.85% and a 52-week loss of 26.97% [2] - As of November 21, 2025, Vishay's stock closed at $12.51 per share, with a market capitalization of $1.696 billion [2] - The company is experiencing a cyclical downturn but is benefiting from growth in electric vehicles and industrial electrification [3] Financial Performance - In Q3 2025, Vishay Intertechnology's revenue grew sequentially by 4% to $791 million, exceeding expectations by 2% [4] - The company has been investing aggressively in sales, corporate, and manufacturing capacity following a cyclical downturn [3] Investment Sentiment - Vishay Intertechnology is not among the top 30 most popular stocks among hedge funds, with 23 hedge fund portfolios holding its stock at the end of Q2 2025, down from 29 in the previous quarter [4] - Despite acknowledging Vishay's potential, some analysts believe that certain AI stocks present greater upside potential with less downside risk [4]