Enviri Corporation (NVRI): Kingdom Capital Advisors' Top Contributor

Kingdom Capital Advisors, a private investment firm, released its fourth-quarter 2025 investor letter. A copy of the letter can be downloaded here. The firm started the business four years ago with a clear goal of investing in overlooked microcap companies that yield exceptional returns. Despite significant challenges in 2025, including a bankruptcy in January, a key investment losing customers in May, and a cyberattack on the largest holding in June, the firm achieved a 17.45% return net of fees, illustrating the resilience of a focused, research-intensive strategy. The composite returned 8.88% (net of fees) in the fourth quarter, compared to 2.19% for the Russell 2000 TR, 2.68% for the S&P 500 TR, and 2.47% for the NASDAQ 100 TR. In addition, please check the fund’s top five holdings to know its best picks in 2025.

In its fourth-quarter 2025 investor letter, Kingdom Capital Advisors highlighted stocks such as Enviri Corporation (NYSE:NVRI). Enviri Corporation (NYSE:NVRI) is an environmental solutions provider for industrial and specialty waste streams. On January 8, 2026, Enviri Corporation (NYSE:NVRI) stock closed at $18.29 per share. One-month return of Enviri Corporation (NYSE:NVRI) was 0.94%, and its shares gained 117.22% of their value over the last 52 weeks. Enviri Corporation (NYSE:NVRI) has a market capitalization of $1.476 billion.

Kingdom Capital Advisors stated the following regarding Enviri Corporation (NYSE:NVRI) in its fourth quarter 2025 investor letter:

"Our top Q4 contributors wereEnviri Corporation (NYSE:NVRI) and Magnera Corporation (MAGN). For FY25, our top contributors were UNFI and NVRI. NVRI telegraphed, then delivered, a $3B sale of Clean Earth, exceeding their entire enterprise value. We profited from this trade by owning both common stock and short-dated call options, enhancing our returns. NVRI's Clean Earth sale (expected H1-26) should result in a tax-efficient return of capital distribution."

Enviri Corporation (NYSE:NVRI) is not on our list of 30 Most Popular Stocks Among Hedge Funds. According to our database, 26 hedge fund portfolios held Enviri Corporation (NYSE:NVRI) at the end of the third quarter, up from 21 in the previous quarter. In Q3 2025, Enviri Corporation (NYSE:NVRI) generated revenue of $575 million and adjusted EBITDA reached $74 million. While we acknowledge the potential of Enviri Corporation (NYSE:NVRI) 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 Enviri Corporation (NYSE:NVRI) and shared a bullish thesis 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.