Tapasya Fund on Interactive Brokers Group (IBKR)

Tapasya Fund, an investment management company, released its fourth quarter 2025 investor letter. A copy of the letter can be downloaded here. The firm celebrated its third anniversary in August 2025 and is happy with the fund’s performance. In 2025, the fund performed well and achieved strong absolute returns, outpacing the S&P 500 and several other market indices. The year was marked by notable developments, especially related to tariffs, which led to substantial fluctuations in the market. There was a swift correction in April, followed by a robust rebound. The theme Artificial Intelligence (AI) has played a crucial role in supporting the market through times of volatility to reach new peaks, reaching over 38 new all-time highs this year. Against this backdrop, the fund returned 23.5% (net) in 2025 compared to a 17.9% return for the S&P 500 Index (with Dividends). The firm's goal is to avoid any sector-specific bubble bursts, reducing the effect on the portfolio beyond general market downturns. In addition, please check the fund’s top five holdings to know its best picks in 2025.

In its fourth-quarter 2025 investor letter, Tapasya Fund highlighted stocks such as Interactive Brokers Group, Inc. (NASDAQ:IBKR). Founded in 1977, Interactive Brokers Group, Inc. (NASDAQ:IBKR) is an automated electronic broker. The one-month return of Interactive Brokers Group, Inc. (NASDAQ:IBKR) was 9.37%, and its shares gained 51.53% of their value over the last 52 weeks. On January 8, 2026, Interactive Brokers Group, Inc. (NASDAQ:IBKR) stock closed at $70.16 per share, with a market capitalization of $119.268 billion.

Tapasya Fund stated the following regarding Interactive Brokers Group, Inc. (NASDAQ:IBKR) in its fourth quarter 2025 investor letter:

"This year, we successfully introduced several new positions to our portfolio. We are particularly pleased with the addition of Interactive Brokers Group, Inc. (NASDAQ:IBKR). The market landscape changed quite dramatically this year with the “Liberation Day” announcement. As mentioned in my bi-annual letter, we did take advantage of this volatility buying into IBKR (Interactive Brokers) which has now become a core holding for us and amongst the top 10 positions we hold. It has also performed exceedingly well since our purchase."

Interactive Brokers Group, Inc. (NASDAQ:IBKR) is not on our list of 30 Most Popular Stocks Among Hedge Funds. According to our database, 68 hedge fund portfolios held Interactive Brokers Group, Inc. (NASDAQ:IBKR) at the end of the third quarter, compared to 71 in the previous quarter. While we acknowledge the potential of Interactive Brokers Group, Inc. (NASDAQ:IBKR) 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 Interactive Brokers Group, Inc. (NASDAQ:IBKR) and shared TimesSquare Capital U.S. Focus Growth Strategy's views on the company. In addition, please check out our hedge fund investor letters Q4 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.