Cullen Capital Administration, LLC, working underneath the title Schafer Cullen Capital Administration, Inc. (SCCM), has launched its “SCCM Enhanced Fairness Revenue Fund” fourth-quarter investor letter. A replica of the letter might be downloaded right here. Within the fourth quarter, the US fairness market continued to rally, largely fueled by enthusiasm for synthetic intelligence. The Enhanced Fairness Revenue Technique returned 2.0% (internet) for the fourth quarter and seven.5% (internet) for the 12 months, in comparison with 6.5% and eight.9% from its main benchmark, the S&P 500 Purchase/Write Index, and 1.4% and eight.7% for its secondary benchmark, the SPDR Barclays Excessive Yield Bond ETF (JNK), respectively. The Technique’s complete return was considerably affected by buyers’ disregard for high-dividend and low-volatility elements, in addition to an fairness market that did not increase throughout sectors. The Technique anticipates a constructive financial outlook for 2026, pushed by the Federal Reserve’s interest-rate cuts, tax reductions, capital-expenditure bonus depreciation (OBBBA), and potential decrease tariffs, all contributing to progress. As well as, please verify the Technique’s prime 5 holdings to know its finest picks in 2025.
In its fourth-quarter 2025 investor letter, SCCM Enhanced Fairness Revenue Fund highlighted QUALCOMM Integrated (NASDAQ:QCOM). QUALCOMM Integrated (NASDAQ:QCOM) is a multinational firm focuses on the event and commercialization of foundational applied sciences for the wi-fi trade. On February 27, 2026, QUALCOMM Integrated (NASDAQ:QCOM) inventory closed at $142.36 per share. One-month return of QUALCOMM Integrated (NASDAQ:QCOM) was -6.72%, and its shares misplaced 7.33% over the previous 52 weeks. QUALCOMM Integrated (NASDAQ:QCOM) has a market capitalization of $151.9 billion.
SCCM Enhanced Fairness Revenue Fund said the next relating to QUALCOMM Integrated (NASDAQ:QCOM) in its fourth quarter 2025 investor letter:
“Shares of QUALCOMM Integrated (NASDAQ:QCOM) have been bought within the technique throughout the quarter. Qualcomm is a number one international semiconductor and wi-fi know-how firm with a powerful aggressive place in premium smartphones and an more and more diversified portfolio throughout automotive, IoT and AI-enabled computing. Whereas near-term uncertainty round handset demand, aggressive dynamics in China, and the gradual discount of Apple modem volumes has weighed on sentiment, we view these elements as manageable inside a broader, enhancing long-term progress profile. Qualcomm continues to profit from a combination shift towards higher-end Android units, the place its content material per handset and pricing energy are structurally greater, supporting resilience even in a flat unit surroundings. Past handsets, Qualcomm’s automotive enterprise now represents round 10% of QCT income and, along with its increasing presence in edge AI and AI enabled PCs, reinforces the corporate’s ongoing income diversification. As these non-handset companies scale and Apple-related headwinds diminish, we consider Qualcomm’s earnings profile ought to change into extra sturdy over time. Qualcomm trades at a lovely valuation of 14.0x 2026 EPS with a 2.1% dividend yield.”
