Merion Road Capital’s Update on Bel Fuse (BELFB)

3 weeks ago 7

Soumya Eswaran

Thu, November 27, 2025 astatine 6:45 AM CST 3 min read

Merion Road Capital Management, an concern advisor, released its third-quarter 2025 capitalist letter. A transcript of the missive tin be downloaded here. In the 3rd quarter, Merion Road Small Cap Fund returned 5.0% compared to 12.4% instrumentality for the Russell 2000 Index. The long-only portfolio of Merion Road returned 10.1% during the 4th compared to the S&P 500’s 8.1% return. The portfolio’s show was mostly driven by the beardown show of Kratos. In addition, you tin cheque the fund’s apical 5 holdings to find its champion picks for 2025.

In its third-quarter 2025 capitalist letter, Merion Road Capital highlighted stocks specified arsenic Bel Fuse Inc. (NASDAQ:BELFB). Bel Fuse Inc. (NASDAQ:BELFB) designs, manufactures, markets, and sells products that power, protect, and link physics circuits. The one-month instrumentality of Bel Fuse Inc. (NASDAQ:BELFB) was 0.15%, and its shares gained 93.40% of their worth implicit the past 52 weeks. On November 26, 2025, Bel Fuse Inc. (NASDAQ:BELFB) banal closed astatine $152.69 per share, with a marketplace capitalization of $1.933 billion.

Merion Road Capital stated the pursuing regarding Bel Fuse Inc. (NASDAQ:BELFB) successful its 3rd 4th 2025 capitalist letter:

I besides established a superior operation arbitrage successful Bel Fuse (“BELFA” / “BELFB”). As you whitethorn recall, I antecedently owned Bel Fuse Inc. (NASDAQ:BELFB) based archetypal connected caller absorption improving income and profitability and subsequently connected the acquisition and integration of Enercon. That concern worked retired wonderfully for us, though successful hindsight I sold excessively aboriginal arsenic the institution posted banner Q2 results. In revisiting the name, I noticed 2 things. Firstly, the discount successful the terms of the Class A shares versus the Class B shares had materially widened and was approaching historical levels. Secondly, Gabelli, a ample holder of the Class A shares updated his holdings study to enactment that helium is considering resubmitting a shareholder connection to illness the stock structure.