Investment management company Vulcan Value PartnersRecently published its third-quarter 2025 investor report. A version of the report is available here.downloaded hereThe third quarter proved to be favorable for the portfolios. All strategies showed positive absolute performance, although their relative performance was somewhat behind. During the quarter, the Large Cap Composite gained 4.6% after fees and expenses, the Small Cap Composite rose 4.1% after fees, the Focus Composite increased by 3.7% after fees, the Focus Plus composite also saw a 3.7% gain after fees, and the All-Cap Composite recorded a 5.5% return after fees. For further details on the fund's top selections for 2025, please review its top five holdings.
In its third-quarter 2025 investor update, Vulcan Value Partners mentioned stocks like Salesforce, Inc. (NYSE:CRM. Salesforce, Inc. (NYSE:CRM) provides Customer Relationship Management (CRM) solutions that connect businesses with their customers. The one-month performance for Salesforce, Inc. (NYSE:CRM) was -3.15%, and its stock has declined by 18.73% over the past 52 weeks. On October 15, 2025, Salesforce, Inc. (NYSE:CRM) shares closed at $236.58 each, with a market value of $225.224 billion.
Vulcan Value Partners provided the following comments about Salesforce, Inc. (NYSE:CRM) in its third quarter 2025 investor letter:
"Salesforce, Inc.(NYSE:CRM) is the top SaaS provider globally for customer relationship management (CRM) and salesforce automation (SFA) solutions, including AI assistants. Salesforce provides a wide range of additional products such as marketing automation tools, customer service automation systems, analytics platforms, application integration services, and enterprise collaboration solutions. The company's growth forecast for the next quarter was somewhat below expectations, prompting some investors to wonder if Salesforce's growth was decelerating and if its AI investments were not yielding results. These concerns have been heightened by a negative industry perspective suggesting that AI could erode market share from enterprise software firms like Salesforce. However, we believe the company is set for continued growth and will actually gain from AI advancements. Salesforce's software is deeply integrated within enterprises. The company is broadening its product range through various cloud services, exclusive data, and a focus on leading in AI innovation. Moreover, its clients prefer to concentrate on managing their businesses rather than developing, testing, maintaining, and securing internal AI solutions in a constantly changing environment. Salesforce is firmly established among its customers, boasts high retention rates, consistent revenue, and operates as a highly scalable business with significant margin potential. Salesforce remains dominant across all its offerings and consistently introduces new products like Agentforce to strengthen customer relationships and drive business expansion.
Salesforce, Inc. (NYSE:CRM) ranks 16th on our list of30 Top Stocks Frequently Held by Hedge Funds. Based on our database, 121 hedge fund portfolios owned Salesforce, Inc. (NYSE:CRM) at the end of the second quarter, down from 140 in the prior quarter. In the second quarter of 2026, Salesforce, Inc. (NYSE:CRM)reportedRevenue of $10.25 billion, showing a 10% rise compared to the previous year and a 9% increase when adjusted for currency fluctuations. Although we recognize the risk and potential of Salesforce, Inc. (NYSE:CRM) as an investment, our confidence is in the view that certain AI stocks offer better prospects for achieving higher returns in a shorter period. If you're seeking an AI stock that is more promising than Salesforce, Inc. (NYSE:CRM) and has the potential for a 10,000% gain, review our report on this subject. cheapest AI stock.
In another article, we discussed Salesforce, Inc. (NYSE:CRM) and provided the list of stocks mentioned by Jim Cramer. The Oakmark Equity and Income Fund started a holding in Salesforce, Inc. (NYSE:CRM) duringQ3 2025considering it as a strong business evolving into a more profitable, shareholder-oriented company. Additionally, please visit ourhedge fund investor letters third quarter 2025page for additional investor letters from hedge funds and other top investors.
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Disclaimer: None. This article was first published on Insider Monkey.