Pelican Bay Capital Management (PBCM), an investment management company, released its fourth-quarter 2025 investor letter. A copy of the letter can be downloaded here. PBCM Concentrated Value Strategy returned 8.5% in the quarter, compared to a 3.8% return for the Russell 1000 Value Index. The robust performance of AI-related stocks and commodities exposure drove the Strategy’s performance in the quarter. For the full year, the Strategy returned 20.6% compared to 15.9% for the Index. The firm seeks to invest in high-quality companies with a strong balance sheet. Please review the Fund’s top five holdings to gain insights into their key selections for 2025.
In its fourth-quarter 2025 investor letter, PBCM highlighted AECOM (NYSE:ACM) as a new addition. AECOM (NYSE:ACM) is an engineering and construction company that offers professional infrastructure consulting services. On February 6, 2026, AECOM (NYSE:ACM) stock closed at $101.03 per share. One-month return of AECOM (NYSE:ACM) was 1.60%, and its shares are down 6.45% over the past twelve months. AECOM (NYSE:ACM) has a market capitalization of $13.06 billion.
PBCM stated the following regarding AECOM (NYSE:ACM) in its fourth quarter 2025 investor letter:
“AECOM (NYSE:ACM) is the world’s largest engineering, design, and construction management firm. Over the past six years, the company has undergone a structural transformation, divesting its construction operations and exiting lower-return emerging markets to focus exclusively on Design Engineering and Project Management. This shift mitigates the risks associated with multibillion dollar “turnkey” project deadlines and budget overruns.
AECOM (NYSE:ACM) is not on our list of 30 Most Popular Stocks Among Hedge Funds. According to our database, 37 hedge fund portfolios held AECOM (NYSE:ACM) at the end of the third quarter, compared to 41 in the previous quarter. While we acknowledge the potential of AECOM (NYSE:ACM) 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.
