Hayden Capital, an investment management firm, released its second-quarter 2025 investment letter. A copy of the letter can be downloaded here. As the geopolitical worries eased, the portfolio experienced a strong second quarter. In the second quarter, the portfolio generated a 17.6% return, outperforming the S&P 500’s 10.9% return and the MSCI World Index’s 11.3% return. In addition, you can check the fund’s top 5 holdings to determine its best picks for 2025.
In its second-quarter 2025 investor letter, Hayden Capital highlighted stocks such as SmartRent, Inc. (NYSE:SMRT). Headquartered in Scottsdale, Arizona, SmartRent, Inc. (NYSE:SMRT) is an enterprise real estate technology company. The one-month return of SmartRent, Inc. (NYSE:SMRT) was 54.17%, and its shares lost 12.94% of their value over the last 52 weeks. On August 29, 2025, SmartRent, Inc. (NYSE:SMRT) stock closed at $1.48 per share, with a market capitalization of $278.345 million.
Hayden Capital stated the following regarding SmartRent, Inc. (NYSE:SMRT) in its second quarter 2025 investor letter:
“SmartRent, Inc. (NYSE:SMRT): This quarter, we sold our remaining shares in SmartRent. “Disappointing” is the only way to describe our investment over the last three years.
SmartRent, Inc. (NYSE:SMRT) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 23 hedge fund portfolios held SmartRent, Inc. (NYSE:SMRT) at the end of the second quarter, which was 17 in the previous quarter. SmartRent, Inc. (NYSE: SMRT) reported total revenue of $38.3 million in Q2 2025, which represents a 7% decrease sequentially and a 21% decrease year-over-year. While we acknowledge the potential of SmartRent, Inc. (NYSE:SMRT) as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.