Alphyn Capital Investor Letter: Third Quarter Achievements

Strong Performance in the Third Quarter

Alphyn Capital Management has released its third-quarter investor letter for 2025. The Fund's Master Account delivered a net return of 3.0% during this quarter, while the S&P 500 Index showed an increase of 8.1%. As of the third quarter of 2025, the top ten holdings in the portfolio represented approximately 68% of the total portfolio, with about 17% held in cash.

Market dynamics during this period were shaped by developments in artificial intelligence, credit cycles, and geopolitical uncertainty. Alphyn Capital focuses on disciplined reinvestment and operational excellence for continuous value enhancement.

Highlighted Stock: Alphabet Inc.

In the investor letter, Alphabet Inc. (NASDAQ:GOOG) was notably highlighted. As Google's parent company, Alphabet Inc. offers various platforms and services through its Google Services, Google Cloud, and Other Bets segments. Alphabet Inc.'s one-month return was 10.83%, and its stock value increased by 57.72% over the last 52 weeks. On October 27, 2025, the closing price of Alphabet Inc. shares was $269.93 per share, and the market capitalization was determined to be $3.26 trillion.

Alphyn Capital Management noted the following about Alphabet Inc. (NASDAQ:GOOG):

"Alphabet Inc.'s shares increased during this quarter, partly due to the resolution of significant regulatory pressure. On September 2, Judge Mehta issued a resolution on the Justice Department's antitrust case. The outcome was much less severe than expected; the court rejected drastic measures such as divesting Chrome or Android structurally. Although Google can no longer make special default placement payments in agreements with Apple, it retains the right to compensate partners for non-special default status. The solutions implemented appear manageable, such as special data sharing and syndication in commercial terms."

Alphabet Inc. ranks 7th among the most popular 30 stocks among hedge funds. According to our database, at the end of the second quarter, 178 hedge funds held Alphabet Inc. (NASDAQ:GOOG) in their portfolios, up from 164 in the previous quarter. In the second quarter of 2025, Alphabet Inc. (NASDAQ:GOOG) generated $96.4 billion in revenue, reflecting a 14% increase compared to the second quarter of 2024.

While Alphabet Inc. (NASDAQ:GOOG) presents investment opportunities, it is believed that some artificial intelligence stocks hold greater earnings potential and carry less risk. If you are looking for a significantly undervalued artificial intelligence stock that has considerable potential to benefit from Trump-era tariffs and domestic manufacturing trends, consider examining the best short-term artificial intelligence stocks.