Crossroads Capital LLC, an investment management company, released its third-quarter 2025 investor letter. A copy of the letter can be downloaded here. The Crossroads Capital Investment Partners, LP, appreciated 6.4% net of all fees and expenses in the third quarter of 2025, making the YTD return 34.1% net through Q3 2025. The fund has compounded at 21.4% gross and 17.3% net basis since inception. In addition, please check the fund’s top five holdings to know its best picks in 2025.
In its third-quarter 2025 investor letter, Crossroads Capital highlighted stocks such as AST SpaceMobile, Inc. (NASDAQ:ASTS). Headquartered in Midland, Texas, AST SpaceMobile, Inc. (NASDAQ:ASTS) designs and develops a constellation of BlueBird satellites. The one-month return of AST SpaceMobile, Inc. (NASDAQ:ASTS) was 55.79%, and its shares gained 268.16% of their value over the last 52 weeks. On December 22, 2025, AST SpaceMobile, Inc. (NASDAQ:ASTS) stock closed at $86.48 per share, with a market capitalization of $31.773 billion.
Crossroads Capital stated the following regarding AST SpaceMobile, Inc. (NASDAQ:ASTS) in its third quarter 2025 investor letter:
“We suspect you’ve heard enough from us about AST SpaceMobile, Inc. (NASDAQ:ASTS) of late, but we wanted to take a quick moment to note the company made significant strides in the quarter toward commercializing its space-based cellular broadband network. For those watching closely, Q3 marked a clear transition from an R&D oriented business to one with a clear focus towards scaled deployment and commercialization. These advancements – focused on manufacturing acceleration, spectrum acquisitions, partnerships, and regulatory progress – continue to position the company for initial service rollout in 2026.
AST SpaceMobile, Inc. (NASDAQ:ASTS) is not on our list of 30 Most Popular Stocks Among Hedge Funds. According to our database, 25 hedge fund portfolios held AST SpaceMobile, Inc. (NASDAQ:ASTS) at the end of the third quarter, compared to 30 in the previous quarter. While we acknowledge the potential of AST SpaceMobile, Inc. (NASDAQ:ASTS) 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.
