Bristlemoon Global Fund’s Thesis on ASML (ASML) is Paying Off

3 hours ago 1

Soumya Eswaran

Mon, January 12, 2026 astatine 6:59 AM CST 3 min read

Bristlemoon Capital, a planetary equities firm, released its “Bristlemoon Global Fund” fourth-quarter 2025 capitalist letter. A transcript of the missive tin beryllium downloaded here. The money returned -6.2% successful the December 4th and a 0.3% instrumentality successful December. Since its inception, the money has produced a cumulative instrumentality of 11.9%, nett of fees. In 2025, marketplace trends intensified, with perceived AI winners rallying, portion stocks considered "cheap" dropped adjacent further if labeled arsenic AI losers. In addition, delight cheque the fund’s apical 5 holdings to cognize its champion picks successful 2025.

In its fourth-quarter 2025 capitalist letter, Bristlemoon Global Fund highlighted stocks specified arsenic ASML Holding N.V. (NASDAQ:ASML). Headquartered successful Veldhoven, the Netherlands, ASML Holding N.V. (NASDAQ:ASML) offers lithography solutions for the improvement and accumulation of precocious semiconductor instrumentality systems. The one-month instrumentality for ASML Holding N.V. (NASDAQ:ASML) was 17.10%, and its shares gained 75.13% implicit the past 52 weeks. On January 9, 2026, ASML Holding N.V. (NASDAQ:ASML) banal closed astatine $1,273.88 per share, with a marketplace capitalization of $494.454 billion.

Bristlemoon Global Fund stated the pursuing regarding ASML Holding N.V. (NASDAQ:ASML) successful its 4th fourth 2025 capitalist letter:

"In our September 2025 quarterly missive we explained wherefore we had taken positions successful Alphabet and ASML Holding N.V. (NASDAQ:ASML). We highlighted however ASML is simply a monopoly successful the semiconductor manufacture during an AI boom. Our writeup outlined the carnivore lawsuit arguments and explained our reasoning for wherefore they were misguided. Other investors began to hold with our concern thesis, sending the banal from astir €600 per stock to northbound of €900 per stock successful the span of a quarter. Alphabet, wherever capitalist sentiment astir AI had go unduly pessimistic, has besides since delivered coagulated show and contributed meaningfully to the Fund’s returns."

Jim Cramer Notes ASML Holding (ASML)'s "Last Couple Quarters Have Been Weak"

ASML Holding N.V. (NASDAQ:ASML) is not connected our database of 30 Most Popular Stocks Among Hedge Funds. As per our database, 82 hedge money portfolios held ASML Holding N.V. (NASDAQ:ASML) astatine the extremity of the 3rd quarter, which was 78 successful the erstwhile quarter. While we admit the imaginable of ASML Holding N.V. (NASDAQ:ASML) arsenic an investment, we judge definite AI stocks connection greater upside imaginable and transportation little downside risk. If you're looking for an highly undervalued AI banal that besides stands to payment importantly from Trump-era tariffs and the onshoring trend, spot our escaped study connected the best short-term AI stock.