Apis Capital Advisors, an investment management company, released its “Apis Flagship Fund” second-quarter 2025 investor letter. The Apis Flagship Fund posted a net return of 23.7% in Q2 2025, reflecting strong alpha generation from the firm’s high-conviction positions. During the quarter, long investments contributed 35.9% on a gross basis, while short positions detracted 4.9%. As of June 30, the portfolio remained meaningfully exposed to equities, with gross exposures of 92% long and 32% short, resulting in a net long position of approximately 60%. Management emphasized that this positioning reflects confidence in select opportunities while maintaining prudent hedges against broader market risks. In addition, you can check the fund’s top 5 holdings to find out its best picks for 2025. A copy of Apis Flagship Fund’s Q2 2025 investor letter is available for download here.
One of the companies mentioned in the letter is
Magnite Inc.
(NASDAQ:MGNI). Magnite Inc. (NASDAQ:MGNI) operates as an independent omni-channel sell-side advertising platform in the United States and internationally. Over the past month, Magnite Inc. (NASDAQ:MGNI) returned -3.56%, and its shares gained 84.09% of their value over the last 12 months. On September 22, 2025, Magnite Inc. (NASDAQ:MGNI) shares closed at $24.16, with a market capitalization of $3.446 billion.
Here is what they have to say about Magnite Inc. (NASDAQ:MGNI) in their investor letter:
“Magnite Inc. (NASDAQ:MGNI) is one of the largest independent sell-side platforms (SSPs) – effectively serving as enterprise software for digital publishers, including websites and connected TV channels. Its platform enables publishers to manage ad serving, optimize yield, and target audiences more effectively by connecting their ad inventory to a broad network of demand partners.
