ICON Public Limited Company (ICLR) Soared on Robust Performance

ClearBridge Investments, an investment management company, released its “ClearBridge Mid Cap Strategy” third-quarter 2025 investor letter. A copy of the letter can be downloaded here. In an environment of shifting monetary policy, stabilizing earnings, and improved sentiment, midcaps experienced growth in the third quarter. The Federal Reserve’s decision to cut rates helped small and mid-cap stocks in the quarter. Value stocks outperformed their growth counterparts with the Russell Midcap Value Index returning 6.2% compared to the Russell Midcap Growth’s 2.8% return. In this environment, the strategy outperformed its Russell Midcap Index during the third quarter. Stock selection in the consumer staples and healthcare sectors drove outperformance of the strategy. In addition, please check the fund’s top five holdings to know its best picks in 2025.

In its third-quarter 2025 investor letter, ClearBridge Mid Cap Strategy highlighted stocks such as ICON Public Limited Company (NASDAQ:ICLR). Headquartered in Dublin, Ireland, ICON Public Limited Company (NASDAQ:ICLR) is a clinical research organization.  The one-month return of ICON Public Limited Company (NASDAQ:ICLR) was -13.01%, and its shares lost 19.85% of their value over the last 52 weeks. On November 12, 2025, ICON Public Limited Company (NASDAQ:ICLR) stock closed at $163.42 per share, with a market capitalization of $12.479 billion.

ClearBridge Mid Cap Strategy stated the following regarding ICON Public Limited Company (NASDAQ:ICLR) in its third quarter 2025 investor letter:

"Health care was another key driver of outperformance, anchored by strength in biotechnology and the addition of new opportunities in life sciences tools.ICON Public Limited Company (NASDAQ:ICLR), a leading global contract research organization, also delivered a strong performance, reporting solid gross business wins that expanded its backlog — potential signs of improvement in what has been a challenged environment for clinical research services."

ICON Public Limited Company (NASDAQ:ICLR) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 42 hedge fund portfolios held ICON Public Limited Company (NASDAQ:ICLR) at the end of the second quarter, which was 44 in the previous quarter. ICON Public Limited Company (NASDAQ:ICLR) reported revenue of $2.043 billion in Q3 2025, representing a year-on-year increase of 0.6%. While we acknowledge the potential of ICON Public Limited Company (NASDAQ:ICLR) 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 ICON Public Limited Company (NASDAQ:ICLR) and shared The Brown Capital Management International All-Company Strategy's views on the company 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.