Apartment Investment and Management Company (AIV) is Moving Towards Liquidation

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 Apartment Investment and Management Company (NYSE:AIV). Apartment Investment and Management Company (NYSE:AIV) is a diversified real estate company. The one-month return of Apartment Investment and Management Company (NYSE:AIV) was 1.64%, and its shares lost 34.17% of their value over the last 52 weeks. On January 8, 2026, Apartment Investment and Management Company (NYSE:AIV) stock closed at $5.93 per share, with a market capitalization of $847.885 million.

Kingdom Capital Advisors stated the following regarding Apartment Investment and Management Company (NYSE:AIV) in its fourth quarter 2025 investor letter:

"NLOP and Apartment Investment and Management Company (NYSE:AIV) continued to sell properties and move toward full liquidation. AIV sold the majority of their remaining stabilized apartments and closed their key Brickell sale in December. We expect dividends in FY26 to fully cover our cost basis on both names. NLOP and AIV expect to return substantial capital to shareholders as property sales finalize. We anticipate receiving dividends equal to or exceeding our entire cost basis in both positions during H1 2026."

Apartment Investment and Management Company (NYSE:AIV) is not on our list of 30 Most Popular Stocks Among Hedge Funds. According to our database, 35 hedge fund portfolios held Apartment Investment and Management Company (NYSE:AIV) at the end of the third quarter, up from 26 in the previous quarter. While we acknowledge the potential of Apartment Investment and Management Company (NYSE:AIV) 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 Apartment Investment and Management Company (NYSE:AIV) and shared Kingdom Capital Advisors' views on the company in the previous quarter. In addition, please check out our hedge fund investor letters Q4 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.