Recurve Capital, an investment management company, released its second-quarter 2025 investor letter. Recurve had a strong second quarter. A copy of the letter can be downloaded here. In Q2 2025, the fund returned +31% gross compared to +10.6% returns for the S&P 500 and 17.8% returns for the Nasdaq. YTD, the fund returned +14.8% gross and +12% net. In addition, you can check the fund’s top 5 holdings to find out its best picks for 2025.
In its second-quarter 2025 investor letter, Recurve Capital highlighted stocks such as Carvana Co. (NYSE:CVNA). Headquartered in Tempe, Arizona, Carvana Co. (NYSE:CVNA) is an e-commerce platform for buying and selling used cars. The one-month return of Carvana Co. (NYSE:CVNA) was 6.63%, and its shares gained 123.45% of their value over the last 52 weeks. On October 2, 2025, Carvana Co. (NYSE:CVNA) stock closed at $394.71 per share, with a market capitalization of $46.16 billion.
Recurve Capital stated the following regarding Carvana Co. (NYSE:CVNA) in its second quarter 2025 investor letter:
[SRC] https://finance.yahoo.com/news/recurve-capital-views-largest-contributor-120142816.html
