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FPA Queens Road Small Cap Value Fund mentioned InterDigital (IDCC) in its Q2 investor letter, stating that its wireless patent portfolio drove performance growth.
FPA Queens Road Small Cap Value Fund noted in its Q2 2026 investor letter that InterDigital (IDCC) possesses a vast portfolio of wireless patents, generating revenue primarily through licensing agreements with smartphone manufacturers, and has begun expanding its licensing business to consumer electronics, automotive, industrial, and media companies. The fund stated that InterDigital's stock price has risen with earnings growth, making it one of its best-performing stocks in 2023, 2024, and 2025, and despite gradually reducing its holdings, the fund's current position remains less than 2%.
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