Impax Asset Management, an investment management company, released its “Impax Global Environmental Markets Fund” third-quarter 2025 investor letter. A copy of the letter can be downloaded here. Global equities saw strong gains in Q3 2025, driven by solid macroeconomic conditions, rising corporate earnings, fiscal stimulus, and banking deregulation. However, the focus on hypergrowth, cyclical, and value stocks posed challenges for quality-focused investors, leading to increased market concentration. The portfolio moved higher, returning 4.55% in the quarter, but underperformed its primary benchmark, the MSCI ACWI index, which returned 7.62%. In addition, you can check the fund’s top 5 holdings to determine its best picks for 2025.
In its third-quarter 2025 investor letter, Impax Global Environmental Markets Fund highlighted stocks such as Aptiv PLC (NYSE:APTV). Aptiv PLC (NYSE:APTV) designs and manufactures vehicle components. The one-month return of Aptiv PLC (NYSE:APTV) was -0.08%, and its shares lost 28.06% of their value over the last 52 weeks. On December 24, 2025, Aptiv PLC (NYSE:APTV) stock closed at $76.77 per share, with a market capitalization of $16.717 billion.
Impax Global Environmental Markets Fund stated the following regarding Aptiv PLC (NYSE:APTV) in its third quarter 2025 investor letter:
“Aptiv PLC (NYSE:APTV) (Advanced Road Vehicles & Devices, US) advanced higher during the period, a function of yet another strong quarterly release with top and bottom-line results exceeding expectations. While tariff headwinds have negatively impacted automotive original equipment manufacturers, automotive suppliers such as Aptiv have delivered margin and volume growth.”
Aptiv PLC (NYSE:APTV) is not on our list of 30 Most Popular Stocks Among Hedge Funds. According to our database, 40 hedge fund portfolios held Aptiv PLC (NYSE:APTV) at the end of the third quarter, the same as in the previous quarter. In Q3 2025, Aptiv PLC’s (NYSE:APTV) revenues increased 6% on an adjusted basis to $5.2 billion. While we acknowledge the potential of Aptiv PLC (NYSE:APTV) 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.
In another article, we covered Aptiv PLC (NYSE:APTV) and shared the list of stocks everyone’s discussing amid latest earnings season. In addition, please check out our hedge fund investor letters Q3 2025 page for more investor letters from hedge funds and other leading investors.