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home / news releases / NDAQ - Merion Road Capital Q2 2025 Investor Letter

NDAQ - Merion Road Capital Q2 2025 Investor Letter

Nasdaq Inc.

2025-07-21 20:50:00 ET

Merion Road Small Cap Fund IWM (Russell 2000) Barclay Hedge Fund Index MRCM Long Only Large Cap SPY (S&P 500)
Annualized Since Inception 15.2% 8.6% 6.2% Annualized Since Inception 13.5% 13.4%
Q2 2025 3.9% 8.5% 5.1% Q1 2025 8.0% 10.8%
2025 (4.2%) (1.9%) 5.1% 2025 6.0%
2024
17.4%
11.4%
9.4%
2024
32.4%
24.9%
2023
11.5%
16.4%
9.3%
2023
38.7%
25.7%
2022
(8.5%)
2022
(34.9%)
(18.2%)
2021
42.5%
14.5%
10.0%
2021
20.4%
28.7%
2020
29.5%
20.0%
11.0%
2020
54.3%
18.3%
2019
17.9%
25.4%
10.6%
2019
25.2%
31.2%
2018
15.7%
(5.2%)
2018
2017
35.7%
14.6%
10.3%
Dec 18 - Dec 31
0.1%
2016 (Jul-Dec)
1.3%
18.7%
5.4%

For further details see:

Merion Road Capital Q2 2025 Investor Letter

Stock Information
Company Name: Nasdaq Inc.
Stock Symbol: NDAQ
Market: NASDAQ
Website: nasdaq.com
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