Renaissance International Small Cap Equity Strategy Sold Fidelis Insurance Holdings Limited (FIHL) in Q3

Renaissance Investment Management, an investment management company, released its Q3 2025 “International Small Cap Equity Strategy” investor letter. A copy of the letter can be downloaded here. International equities posted their third consecutive quarter of positive returns, maintaining a successful trend and heading toward their best year since 2017. The portfolio posted positive returns in the quarter on a relative basis, outperforming the benchmark in the quarter. For more information on the fund’s best picks in 2025, please check its top five holdings.

In its third-quarter 2025 investor letter, Renaissance International Small Cap Equity Strategy highlighted stocks such as Fidelis Insurance Holdings Limited (NYSE:FIHL). Fidelis Insurance Holdings Limited (NYSE:FIHL) insurance and reinsurance solutions provider. The one-month return for Fidelis Insurance Holdings Limited (NYSE:FIHL) was -3.61%, and its shares lost 5.48% over the last 52 weeks. On December 09, 2025, Fidelis Insurance Holdings Limited (NYSE:FIHL) stock closed at $18.60 per share, with a market capitalization of $1.95 billion.

Renaissance International Small Cap Equity Strategy stated the following regarding Fidelis Insurance Holdings Limited (NYSE:FIHL) in its third quarter 2025 investor letter:

"We sold Fidelis Insurance Holdings Limited (NYSE:FIHL) (Bermuda) during the quarter, as growth for the specialty insurer is likely to be challenged by both industry-wide pricing pressure and lower interest rates that are impacting its investment income."

Fidelis Insurance Holdings Limited (NYSE:FIHL) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 16 hedge fund portfolios held Fidelis Insurance Holdings Limited (NYSE:FIHL) at the end of the third quarter, which was 20 in the previous quarter. While we acknowledge the potential of Fidelis Insurance Holdings Limited (NYSE:FIHL) 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 Fidelis Insurance Holdings Limited (NYSE:FIHL) and shared the list of cheap small cap stocks to invest in. 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.