Recurve Capital’s Updates on Cogent Communications Holdings (CCOI)

CCOI +0.42% ^GSPC +0.54% ^IXIC +0.65%

Recurve Capital, an investment management company, released its third-quarter 2025 investor letter. A copy of the letter can be downloaded here. The composite rose moderately in the third quarter of 2025, returning +4% on a gross basis and +3% on a net basis compared to +8% return for the S&P 500 and +11% return for the Nasdaq. The AI theme gained momentum in late Q3, while many cyclical sectors of the market lagged. The letter focused on a thematic area of the investment process. In addition, you can check the fund’s top 5 holdings to find out its best picks for 2025.

In its third-quarter 2025 investor letter, Recurve Capital highlighted stocks such as Cogent Communications Holdings, Inc. (NASDAQ:CCOI). Cogent Communications Holdings, Inc. (NASDAQ:CCOI) provides high-speed Internet access, private network, and data center colocation space services. The one-month return of Cogent Communications Holdings, Inc. (NASDAQ:CCOI) was -52.75%, and its shares lost 76.99% of their value over the last 52 weeks. On November 27, 2025, Cogent Communications Holdings, Inc. (NASDAQ:CCOI) stock closed at $19.00 per share, with a market capitalization of $934.471 million.

Recurve Capital stated the following regarding Cogent Communications Holdings, Inc. (NASDAQ:CCOI) in its third quarter 2025 investor letter:

"Because it is highly relevant today with a -59% drawdown in November alone (through November 21st), I want to offer updated thoughts on Cogent Communications Holdings, Inc. (NASDAQ:CCOI) and also discuss our long-term approach to it in light of the discussion above. Memorializing a live view of a volatile situation is uncomfortable, but in the name of transparency, I will give readers the full view of how I am assessing and navigating this situation.

Cogent Communications Holdings, Inc. (NASDAQ:CCOI) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 31 hedge fund portfolios held Cogent Communications Holdings, Inc. (NASDAQ:CCOI) at the end of the third quarter, which was 30 in the previous quarter. While we acknowledge the potential of Cogent Communications Holdings, Inc. (NASDAQ:CCOI) 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 Cogent Communications Holdings, Inc. (NASDAQ:CCOI) and shared Alphyn Capital Management's views on the company. In addition, please check out our hedge fund investor letters Q3 2025 page for more investor letters from hedge funds and other leading investors.

READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money.

Disclosure: None. This article is originally published at Insider Monkey.