Optimist Fund, an investment management company, released its fourth-quarter 2025 investor letter. A copy of the letter can be downloaded here. The Fund’s objective is to achieve capital growth at a rate in the mid-teens or higher over the course of several decades. In Q4 2025, the Fund declined 8.5%. The Fund, although not yet five years old, invests with a five-year perspective. While short-term drawdowns can be tough, the Fund is optimistic about the portfolio’s fundamental performance and confident in prospective returns over the next five years. The Fund believes that current valuations significantly underestimate the earnings and cash flow the core holdings will produce in five years. In addition, please check the Fund’s top five holdings to know its best picks in 2025.
In its fourth-quarter 2025 investor letter, Optimist Fund highlighted stocks like Fiverr International Ltd. (NYSE:FVRR). Headquartered in Tel Aviv, Israel, Fiverr International Ltd. (NYSE:FVRR) is an online marketplace for freelance services. On February 27, 2026, Fiverr International Ltd. (NYSE:FVRR) stock closed at $10.83 per share. One-month return of Fiverr International Ltd. (NYSE:FVRR) was -35.92%, and its shares lost 56.84% over the past 52 weeks. Fiverr International Ltd. (NYSE:FVRR) has a market capitalization of $399.983 million.
Optimist Fund stated the following regarding Fiverr International Ltd. (NYSE:FVRR) in its fourth quarter 2025 investor letter:
“During the quarter, we exited our position in Fiverr International Ltd. (NYSE:FVRR), which had previously been among our top ten holdings.
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