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Stock impact report

The Hayden Capital Q3 2025 Quarterly Letter [Seeking Alpha]

Lumen Technologies, Inc. (LUMN) 
Company Research Source: Seeking Alpha
Instead of debating “bubble or not”, our time is better spent contemplating what the world looks like after the current phase of AI infrastructure investment. Since inception, we've returned +16.7% annualized after fees, ahead of the S&P 500's +13.5% and MSCI World's +10.2%. I'd rather spend our time thinking about what the next “deployment” phase will look like – as that's when history shows most value is realized. Timee operates a short-term job marketplace in Japan. AlexSecret/iStock via Getty Images Dear Partners and Friends, The markets continued to power upwards, as AI excitement raged on. If I were to title the recent quarter, perhaps it'd be called: "Hot AI Summer: When Your GPUs Run Hotter Than Your IRR" (sorry, you can thank ChatGPT for that one). Time Period Hayden (Net) S&P 500 (SPXTR) MSCI World ( ACWI st Quarter nd Quarter rd Quarter Annualized Return Total Return 1 Year 5 Years 10 Years Since Inception Click to enlarge However, Show less Read more
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