Upslope Capital Management Divested VF Corp (VFC) Due to Market Correction

Upslope Capital Management, an investment management firm, released its first-quarter 2025 investor letter. A copy of the letter can be downloaded here. The First quarter was challenging for the fund. However, the world has transformed in the two weeks since March 31, due to a drastic realignment of international trade rules. As a result, markets are now more in line with Upslope's strategy and portfolio. The fund returned -5.1% (net) in Q1 compared to -6.1% and +0.2% for the S&P Midcap 400 ETF (MDY) and HFRX Equity Hedge Index, respectively. In addition, you can check the fund’s top 5 holdings to determine its best picks for 2025.

In its first-quarter 2025 investor letter, Upslope Capital Management highlighted stocks such as V.F. Corporation (NYSE:VFC). Headquartered in Denver, Colorado, V.F. Corporation (NYSE:VFC) designs, manufactures, and distributes branded lifestyle apparel, footwear, and related products.  The one-month return of V.F. Corporation (NYSE:VFC) was 36.43%, and its shares lost 19.15% of their value over the last 52 weeks. On April 21, 2025, V.F. Corporation (NYSE:VFC) stock closed at $10.47 per share with a market capitalization of $4.079 billion.

Upslope Capital Management stated the following regarding V.F. Corporation (NYSE:VFC) in its Q1 2025 investor letter:

VF Corp (VFC, parent company of North Face, Vans, and other brands) – I began selling VF in Q1 because as markets corrected it became clear that other more straight-forward investment opportunities were emerging (vs. VF’s somewhat high-wire turnaround). The announcement of potentially aggressive tariffs in early April solidified this view.

V.F. Corporation (NYSE:VFC) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 36 hedge fund portfolios held V.F. Corporation (NYSE:VFC) at the end of the fourth quarter which was 30 in the previous quarter. V.F. Corporation’s (NYSE:VFC) revenue in fiscal Q3 2025 increased by 2% over the previous year’s quarter, marking the firm’s fourth consecutive quarter of growth. While we acknowledge the potential of V.F. Corporation (NYSE:VFC) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is as promising as NVIDIA but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

In another article, we covered V.F. Corporation (NYSE:VFC) and shared Madison Small Cap Fund's views on the company in the previous quarter. In addition, please check out our hedge fund investor letters Q1 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.