Here's Why Riverwater Partners Small Cap Strategy Initiated a Small Position in Preformed Line Products Company's (PLPC)

Riverwater Partners, an investment management company, released its “Small Cap Strategy” Q3 2025 investor letter. A copy of the letter can be downloaded here. The Small Cap Core Strategy reported solid results for the quarter but did not keep pace with the sharp rally, thus lagging the benchmark. The market’s preference for lower-quality companies persisted in the quarter and contributed significantly to the benchmark’s outperformance. On the other hand, the strategy remains focused on higher-quality companies with enduring fundamentals, consistent revenue, and a transparent path to profitability. The firm strongly believes that the strategy is well-positioned in the challenging quarter. 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, Riverwater Partners Small Cap Strategy highlighted stocks such as Preformed Line Products Company (NASDAQ:PLPC). Preformed Line Products Company (NASDAQ:PLPC) is an industrial company that manufactures products and systems used in the construction and maintenance of utility, industrial and communication sectors. The one-month return for reformed Line Products Company (NASDAQ:PLPC) was 19.00%, and its shares gained 75.19% over the last 52 weeks. On December 15, 2025, Preformed Line Products Company (NASDAQ:PLPC) stock closed at $228.48 per share, with a market capitalization of $1.125 billion.

Riverwater Partners Small Cap Strategy stated the following regarding Preformed Line Products Company (NASDAQ:PLPC) in its third quarter 2025 investor letter:

"Preformed Line Products Company (NASDAQ:PLPC), an industrial company supplying crucial components and products to the utility, industrial and communication sectors. PLPC was founded in 1947 and is based in Mayfield Village, OH.

The company designs and produces components that support, protect, and connect overhead and underground cables in power transmission, distribution, and communication networks. While PLPC doesn’t manufacture the actual power lines or fiber optic cables, it specializes in all the essential hardware that supports, connects, protects, and terminates those wires, making the infrastructure functional, resilient, and field-ready….” (Click here to read the full text)

Preformed Line Products Company (NASDAQ:PLPC) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 10 hedge fund portfolios held Preformed Line Products Company (NASDAQ:PLPC) at the end of the third quarter, the same as in the previous quarter. While we acknowledge the potential of Preformed Line Products Company (NASDAQ:PLPC) 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 Preformed Line Products Company (NASDAQ:PLPC) and shared the list of stocks on Jim Cramer's radar. 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.