Hinde Group, an investment management company, has released its fourth-quarter 2025 investor letter. A copy of the letter can be downloaded here. Financial markets had a relatively quiet fourth quarter, with the S&P 500 staying close to its starting point. The portfolio underperformed the S&P 500 on a mark-to-market basis in the fourth quarter, returning -3.66% (gross) and -4.02% (net) vs. 2.66% for the Index. The AI investment boom remains a key theme of the U.S. economy. Recently, Big Tech companies announced plans to invest over $660 billion in capital expenditures for 2026, primarily for AI chips and data centers, marking an almost 80% increase from their significant investments in 2025. The firm is optimistic about the current positions in the portfolio and aims to strengthen them further throughout 2026. In addition, please check the Portfolio’s top five holdings to know its best picks in 2025.
In its fourth-quarter 2025 investor letter, Hinde Group highlighted stocks like Interactive Brokers Group, Inc. (NASDAQ:IBKR). Interactive Brokers Group, Inc. (NASDAQ:IBKR) is an automated electronic broker that provides trading, clearing, and custody services. On February 26, 2026, Interactive Brokers Group, Inc. (NASDAQ:IBKR) stock closed at $74.48 per share. One-month return of Interactive Brokers Group, Inc. (NASDAQ:IBKR) was -4.59%, and its shares gained 45.91% over the past 52 weeks. Interactive Brokers Group, Inc. (NASDAQ:IBKR) has a market capitalization of $126.747 billion.
Hinde Group stated the following regarding Interactive Brokers Group, Inc. (NASDAQ:IBKR) in its fourth quarter 2025 investor letter:
“This quarter’s portfolio update covers our position in Brokers Group, Inc. (NASDAQ:IBKR) class A common stock (NASDAQ: IBKR). IBKR was the most significant positive contributor to the portfolio’s return in 2025. IBKR is a compounder investment that Hinde Group has held since inception, with some adding and trimming along the way. Our position in IBKR has delivered a 26.8% compound annual return over our more than decade long holding period.
