Here's What Pulled Down Antero Resources (AR) in Q3

Diamond Hill Capital, an investment management company, released its “Select Fund” third-quarter 2025 investor letter. A copy of the letter can be downloaded here. Markets continued their YTD rally in the third quarter, with the Russell 3000 Index surging 8%. At the same time, the portfolio underperformed the Russell 3000 Index, returning 4.98%. To get an idea of the fund’s best choices for 2025, check out its top 5 positions.

In its third-quarter 2025 investor letter, Diamond Hill Select Fund highlighted stocks such as Antero Resources Corporation (NYSE:AR). Headquartered in Denver, Colorado, Antero Resources Corporation (NYSE:AR) is an oil and natural gas development and exploration company. On October 30, 2025, Antero Resources Corporation (NYSE:AR) stock closed at $30.65 per share. One-month return of Antero Resources Corporation (NYSE:AR) was -9.87%, and its shares gained 17.58% of their value over the last 52 weeks. Antero Resources Corporation (NYSE:AR) has a market capitalization of $9.467 billion.

Diamond Hill Select Fund stated the following regarding Antero Resources Corporation (NYSE:AR) in its third quarter 2025 investor letter:

"Other bottom Q3 contributors included Salesforce, Antero Resources Corporation (NYSE:AR) and SBA Communications. Shares of Antero Resources, a gas-focused exploration and production company, were pressured against the backdrop of normal seasonally lower natural gas prices during the summer months. Further, the company announced a new CEO in August, likely contributing to some heightened uncertainty given the role the outgoing CEO played in shaping Antero during his tenure."

Antero Resources Corporation (NYSE:AR) is not on our list of 30 Most Popular Stocks Among Hedge Funds. According to our database, 72 hedge fund portfolios held Antero Resources Corporation (NYSE:AR) at the end of the second quarter, up from 67 in the previous quarter.  While we acknowledge the potential of Antero Resources Corporation (NYSE:AR) 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 Antero Resources Corporation (NYSE:AR) and shared the list of best NYSE stocks to buy and hold for the next decade. Diamond Hill Capital Select Strategy initiated a position in Antero Resources Corporation (NYSE:AR) in the previous quarter. In addition, please check out our hedge fund investor letters Q3 2025 page for more investor letters from hedge funds and other leading investors.

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