This Fund Crushed the S&P 500. Their Secret Weapon? A Tech Stock Powering Restaurants That's Already Up 35%.
What if you could peek inside the portfolio of a fund that just blew past the market's expectations? In the world of investing, finding an edge is everything, and one investment firm just gave the public a major clue about where they see serious value.
Laughing Water Capital recently unveiled its second-quarter 2025 performance, and the numbers are turning heads across Wall Street. The firm’s Class A interests surged by an impressive 13.1% after all expenses. This isn't just a good return; it's a statement. During the same period, the widely-followed S&P 500 Total Return index grew by 10.9%, and the Russell 2000 index, a benchmark for smaller companies, lagged behind at 8.5%. Beating both major indices so handily is a feat that separates the best from the rest.
So, what's the secret to their success? In their latest investor letter, the firm spotlighted a company that might be the unsung hero of your last takeout order: PAR Technology Corporation (NYSE:PAR).
While the name might not be a household one yet, its impact is felt daily. PAR Technology is a powerhouse in the restaurant and retail technology space. They provide the critical omnichannel cloud-based hardware and software that modern businesses rely on. Think about the last time you ordered food through a mobile app, paid at a kiosk, or saw your order pop up on a screen in the kitchen. There's a good chance PAR's technology was working behind the scenes to make it all happen seamlessly.
The market is catching on to PAR's pivotal role in this digital transformation. The stock's performance has been nothing short of explosive, rocketing up 35.68% over the last 52 weeks. This incredible run showcases strong investor confidence. The momentum has continued recently, with the stock posting a healthy 5.17% gain in just the last month. As of the market close on July 23, 2025, PAR shares were trading at $71.23, pushing its total market valuation to a hefty $2.885 billion.
A company with a nearly $3 billion market cap is no small startup, yet its incredible year-over-year growth suggests there's still significant upside. When a savvy, market-beating fund like Laughing Water Capital publicly highlights a stock like PAR, it's more than just a casual mention—it's a powerful signal. It suggests that the experts who are outperforming the broader market believe this tech innovator has much more room to run. For investors scouring the market for growth opportunities, PAR Technology's blend of proven performance and a strategic position in a booming industry makes it one to watch.
