Cullen Capital Management, LLC, operating under the name Schafer Cullen Capital Management, Inc. (SCCM), has released its “SCCM Small Cap Value Equity Strategy” third-quarter investor letter. A copy of the letter can be downloaded here. The US equity market continued the rally in the third quarter, with the Russell 2000 returning 12.4% and the Russell 2000 Value surging 12.6%. The Small Cap Value Equity strategy returned 14.4% (gross of fees) and 14.2% (net of fees) in the quarter. The small caps delivered strong results in the quarter, driven by Fed rate cuts, broad-based economic resilience, and renewed investor appetite for risk. In addition, you can check the fund’s top 5 holdings to determine its best picks for 2025.
In its third-quarter 2025 investor letter, the SCCM Small Cap Value Equity Strategy highlighted Highwoods Properties, Inc. (NYSE:HIW). Highwoods Properties, Inc. (NYSE:HIW) is a publicly traded, fully integrated office real estate investment trust. The one-month return for Highwoods Properties, Inc. (NYSE:HIW) was -1.87%, and its shares lost 14.08% over the last 52 weeks. On November 26, 2025, Highwoods Properties, Inc. (NYSE:HIW) stock closed at $27.88 per share, with a market capitalization of $3.064 billion.
SCCM Small Cap Value Equity Strategy stated the following regarding Highwoods Properties, Inc. (NYSE:HIW) in its third quarter 2025 investor letter:
"Our strong stock selection within Real Estate made the sector a meaningful contributor to relative performance for the quarter. Highwoods Properties, Inc. (NYSE:HIW) (+4.1%) also added modestly, benefiting from stable occupancy and disciplined expense management. The sector’s positive results reflected a selective focus on companies with strong balance sheets and exposure to segments of commercial real estate demonstrating early signs of recovery."
Highwoods Properties, Inc. (NYSE:HIW) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 20 hedge fund portfolios held Highwoods Properties, Inc. (NYSE:HIW) at the end of the second quarter, compared to 22 in the previous quarter. While we acknowledge the potential of Highwoods Properties, Inc. (NYSE:HIW) 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 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.