Long Cast Advisers, an investment management firm, released its third-quarter 2025 investor letter. A copy of the letter can be downloaded here. In the third quarter, the fund’s cumulative net returns improved 4%. The fund returned a cumulative 266% net of fees, or 14% CAGR, since its inception in November 2015 through the quarter-end of Q3 2025. 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, Long Cast Advisers highlighted stocks such as Perma-Fix Environmental Services, Inc. (NASDAQ:PESI). Headquartered in Atlanta, Georgia, Perma-Fix Environmental Services, Inc. (NASDAQ:PESI) is an environmental and technology know-how company. The one-month return of Perma-Fix Environmental Services, Inc. (NASDAQ:PESI) was -4.36%, and its shares lost 10.31% of their value over the last 52 weeks. On November 28, 2025, Perma-Fix Environmental Services, Inc. (NASDAQ:PESI) stock closed at $12.27 per share, with a market capitalization of $227.212 million.
Long Cast Advisers stated the following regarding Perma-Fix Environmental Services, Inc. (NASDAQ:PESI) in its third quarter 2025 investor letter:
“Moving onto Perma-Fix Environmental Services, Inc. (NASDAQ:PESI), after more than 30-years of planning and construction, the long-delayed vitrification plant at the Hanford nuclear site is now processing waste into glass. The start-up of the vitrification plant should at long last lead to increased volumes of secondary waste for processing at the Perma-Fix Northwest facility just outside the Hanford fence. The company expects to generate up to $2M in monthly revenues beginning in 2026, and then grow into an annuity-type business, likely for decades.”
Perma-Fix Environmental Services, Inc. (NASDAQ:PESI) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 8 hedge fund portfolios held Perma-Fix Environmental Services, Inc. (NASDAQ:PESI) at the end of the third quarter, which was 7 in the previous quarter. In Q3 2025, Perma-Fix Environmental Services, Inc. (NASDAQ:PESI) reported revenue of $17.5 million compared to $16.8 million in Q3 2024. While we acknowledge the potential of Perma-Fix Environmental Services, Inc. (NASDAQ:PESI) 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.
