Minot Light Capital Partners, an investment management firm, released its investment letter for the third quarter of 2025. A copy of the letter can be downloaded here. In the quarter, Minot Light generated strong returns for limited partners, netting 7.6%. However, on a net basis, it underperformed benchmarks, particularly the microcap benchmark’s 17.1% return. Plus, check out the fund’s top five holdings to learn your best picks in 2025.
In its Q3 2025 investor letter, Minot Light Capital Partners highlighted stocks like Stran & Company, Inc. (NASDAQ:SWAG). Stran & Company, Inc. (NASDAQ:SWAG) is an outsourced marketing solutions company. Stran & Company, Inc. (NASDAQ:SWAG)’s monthly performance was -19.42% and its shares gained 64.37% in the past 52 weeks. On December 23, 2025, Stran & Company, Inc. (NASDAQ:SWAG) stock closed at $1.66 per share, with a market capitalization of $30.802 million.
Minot Light Capital Partners stated the following regarding Stran & Company, Inc. (NASDAQ:SWAG) in its Q3 2025 investor letter:
“As with every quarterly letter, we will highlight a current holding to illustrate our investment process. This quarter, we present Stran & Company, Inc. (NASDAQ:SWAG): A $33 million market cap promotional products company based in Quincy, MA, which we have followed closely since its 2021 IPO. Because the company is based in our backyard, we were able to meet with management several times and attended the company’s most recent open house, where we were able to speak with many of Stran’s customers. With no short coverage and daily volume of ~$160K, Stran exemplifies the type of overlooked small cap opportunity we look for.