Peterson Capital Up 50% In Q3 On BABA, Google And Options Bets

Peterson Capital’s commentary for the third quarter ended September 30, 2025.

Read more hedge fund letters here

“If you bet the half Kelly amount, you get about three-quarters of the return with half the volatility.” – Edward O. Thorp

1) Performance and Overview

Peterson Investment Fund I delivered a 47.4% net return during Q3 2025, our highest quarterly result to date. It also lifted our net year-to-date return to 67.5% and significantly outpaced the S&P 500’s 14.8% total return. Since inception 14 years ago, each $1 million has compounded to $6.35 million net of all fees and expenses. PIFI has provided a 535% cumulative net return and 14.1% annualized.