Here's Why Aristotle Atlantic's Core Equity Strategy Sold Halliburton Company (HAL)

Aristotle Atlantic Partners, LLC, an investment advisor, released its “Core Equity Strategy” third-quarter 2025 investor letter. The letter highlighted the market review, quarterly performance, and attribution analysis. A copy of the letter can be downloaded here. In the quarter, the US equity market rallied, with the S&P 500 Index reaching 8.12%. Bonds also finished higher in the period, with the Bloomberg U.S. Aggregate Bond Index increasing 2.03%. The composite has returned 7.22% gross of fees (7.10% net of fees) in the quarter, underperforming the S&P 500 Index’s 8.12% gain. Security selection led to the relative underperformance of the strategy in the quarter. In addition, please check the fund’s top five holdings to know its best picks in 2025.

In its third-quarter 2025 investor letter, Aristotle Atlantic Core Equity Strategy highlighted stocks such as Halliburton Company (NYSE:HAL). Halliburton Company (NYSE:HAL) is a leading provider of products and services to the energy industry. The one-month return of Halliburton Company (NYSE:HAL) was 20.69%, and its shares lost 10.34% of their value over the last 52 weeks. On November 14, 2025, Halliburton Company (NYSE:HAL) stock closed at $27.30 per share, with a market capitalization of $22.98 billion.

Aristotle Atlantic Core Equity Strategy stated the following regarding Halliburton Company (NYSE:HAL) in its third quarter 2025 investor letter:

"We sold Halliburton Company (NYSE:HAL) to fund the investment in Baker Hughes. We believe that the company’s U.S. completion and pumping business will face longer-than-expected headwinds from declining U.S. onshore activity and pricing weakness."

Halliburton Company (NYSE:HAL) is not on our list of 30 Most Popular Stocks Among Hedge Funds. According to our database, 44 hedge fund portfolios held Halliburton Company (NYSE:HAL) at the end of the second quarter, compared to 54 in the previous quarter. While we acknowledge the potential of Halliburton Company (NYSE:HAL) 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 Halliburton Company (NYSE:HAL) and shared the list of Wall Street’s outperformers. In addition, please check out our hedge fund investor letters Q3 2025 page for more investor letters from hedge funds and other leading investors.

READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money.

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