AvePoint Stock Attracts Aggressive Capital: Fund Loads Up 3.2M Shares Betting on Turnaround Returns

The Investment Move: Significant Capital Commitment

Anchor @ 65 Pte. Ltd. made a substantial play in AvePoint, Inc. (NASDAQ:AVPT) by acquiring 3,243,910 shares during Q3 2025, according to SEC filings released November 13. Despite share price fluctuations, the fund’s total position ballooned to 19,910,510 shares, now valued at approximately $298.86 million—representing a bold commitment to the cloud data management specialist.

What makes this move intriguing for investors tracking institutional behavior: the fund is essentially doubling down on a recovery narrative. AvePoint represents 61.85% of Anchor @ 65’s entire reportable U.S. equity portfolio, signaling concentrated conviction in the company’s prospects.

The Stock Story: From Slump to Potential Recovery

AvePoint shares currently trade at $13.21 as of mid-November 2025, down 16.66% over the past year—a significant underperformance against the S&P 500. However, this pullback may represent the setup for meaningful returns. Here’s why institutional investors are paying attention:

Recent turnaround catalysts:

• The company achieved profitability in 2024, turning a corner from earlier losses
• TTM net income now stands at $1.97 million on $393.99 million in revenue
• Current valuation metrics suggest room for re-rating: at a P/S ratio of 7, the stock trades at levels where newfound profitability could reignite momentum

Fund positioning tells the story: Anchor @ 65 initially established its position in Q4 2024 when AvePoint stock had recovered from five-year lows. Since then, the stock has ranged-traded—precisely where the fund is now adding aggressively, suggesting a calculated bet on mean reversion.

The Business Case: Why Cloud Data Management Matters

AvePoint specializes in SaaS-based solutions for enterprise collaboration ecosystems. The company delivers data protection, governance, and compliance tools for Microsoft 365, Dynamics 365, Salesforce, and Google Workspace—markets where regulatory requirements and data security concerns create persistent demand.

This subscription-based model generates recurring revenue streams targeting enterprise and mid-market organizations that require secure, compliant collaboration platforms. As digital transformation accelerates, companies managing sensitive data across cloud environments represent a growing addressable market.

Portfolio Context: A Two-Stock Concentrated Bet

Anchor @ 65 operates as a focused fund with minimal diversification. The portfolio consists of:

• AVPT: $298.86 million (61.85% of AUM)
• TUYA: $184.33 million (38.15% of AUM)

Notably, AvePoint’s allocation actually decreased from 65.12% in the prior quarter despite the fund’s share purchases. This suggests that while the company bought more shares, broader market movements affected the weighting—highlighting the volatility inherent in this concentrated thesis.

The Investment Thesis: What Institutional Conviction Signals

The fund’s decision to load up on 3.2 million additional shares sends a clear message: management sees asymmetric return potential ahead. With the stock near levels where the fund initially built its position, the timing suggests conviction that recent profitability and SaaS momentum could drive meaningful loads of return.

The transaction size—representing 11.27% of the fund’s reportable equity assets under management—underscores this is not a marginal bet but rather a core strategic position. For investors analyzing institutional flow as a leading indicator, this aggressive accumulation warrants attention as capital continues rotating toward profitable software companies with secular growth tailwinds.

Whether AvePoint delivers the expected turnaround remains to be seen, but Anchor @ 65’s willingness to nearly double down at current valuations suggests the fund sees a compelling risk-reward setup ahead.