Not Owing Bloom Energy Corp. (BE) Impacted Voya MI Dynamic Small Cap Fund's Performance in Q3

Voya Investment Management, an investment management company, released its third-quarter 2025 investor letter for its “Voya MI Dynamic Small Cap Fund.” A copy of the letter can be downloaded here. It is an actively managed US Small Cap core equity strategy. Equity markets showed a strong recovery during the quarter, bouncing back from the volatility caused by tariffs in April and finishing significantly higher than mid-year levels. Growth outperformed value in the quarter, with strong results from technology and communication services, while consumer staples lagged. Against this backdrop, the fund underperformed the index in the quarter, on a NAV basis, driven by the negative impact from stock selection. Additionally, you can check the fund’s top 5 holdings to determine its best picks for 2025.

In its third-quarter 2025 investor letter, Voya MI Dynamic Small Cap Fund highlighted stocks such as Bloom Energy Corporation (NYSE:BE). Bloom Energy Corporation (NYSE:BE) engages in the design, manufacture, and installation of solid-oxide fuel cell systems for on-site power generation. The one-month return of Bloom Energy Corporation (NYSE:BE) was -14.40%, and its shares gained 348.38% of their value over the last 52 weeks. On December 05, 2025, Bloom Energy Corporation (NYSE:BE) stock closed at $119.18 per share, with a market capitalization of $28.19 billion.

Voya MI Dynamic Small Cap Fund stated the following regarding Bloom Energy Corporation (NYSE:BE) in its third quarter 2025 investor letter:

"The primary detractors from performance were Bloom Energy Corporation (NYSE:BE), AvePoint, Inc., and Grindr Inc. Not owning Bloom Energy Corp. (BE) had a negative impact on relative performance during the quarter. Driving the machine learning model’s negative view of the stock were BE’s quality (return on invested capital, earnings yield and capital acquisition ratio), and valuation (dividend yield and performance of value features). During the quarter, Bloom Energy benefited from strong second quarter earnings, strong data center demand, and the announcement of a factory expansion."

Bloom Energy Corporation (NYSE:BE) is not on our list of 30 Most Popular Stocks Among Hedge Funds. According to our database, 64 hedge fund portfolios held Bloom Energy Corporation (NYSE:BE) at the end of the third quarter, compared to 43 in the previous quarter.  In Q3 2025, Bloom Energy Corporation (NYSE:BE) reported revenue of $519 million, marking an increase of 57% year-over-year. While we acknowledge the potential of Bloom Energy Corporation (NYSE:BE) 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 Bloom Energy Corporation (NYSE:BE) and shared the list of stocks with effortless 14-25% gains. Bloom Energy Corporation (NYSE:BE) is a top contributor to the relative performance of Polen U.S. Small Cap Growth Strategy in Q3 2025. 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.