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Stock impact report

Shift4 Payments' (FOUR) Revenue Per Share Increased by 122% Over the Past Three Years [Yahoo! Finance]

Shift4 Payments, Inc. Class A (FOUR) 
Company Research Source: Yahoo! Finance
A copy of the letter can be downloaded here . The Portfolio returned +4.0% (net) in 2025 and a cumulative return of 609.7% since its inception. The year reflects a notable divergence between market prices and business performance, but the firm evaluates the progress based on long-term profit metrics rather than short-term market fluctuations. Large Financials, MLP Energy Infrastructure, and Biopharma contributed positively to the performance, while Payment Technology holdings lagged the performance by 4% despite continued growth in per-share profits. The firm believes that operating leverage and appropriate capital allocation position these businesses to provide sustained free cash flow per share growth and exceptional upside potential over the long term. Please review the Fund's top five holdings to gain insights into their key selections for 2025. In its fourth-quarter 2025 investor letter, Marram Investment Management highlighted Shift4 Payments, Inc. (NYSE: FOUR ). Shift4 Paymen Show less Read more
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