Hercules Capital ( HTGC ) declares $0.40/share base quarterly and $0.07 Supplemental dividend , in line with previous. Payable March 4; for shareholders of record Feb. 25; ex-div Feb. 25. See HTGC Dividend Scorecard, Yield Chart, & Dividend Growth. More on Hercules Capital Hercules Capital: Why I Am Buying The Liberation Day-Like Collapse On Overblown AI Panic Hercules Capital: 7 Reasons Why This ...
Hercules Capital ( HTGC ) declares $0.40/share base quarterly and $0.07 Supplemental dividend , in line with previous. Payable March 4; for shareholders of record Feb. 25; ex-div Feb. 25. See HTGC Dividend Scorecard, Yield Chart, & Dividend Growth. More on Hercules Capital Hercules Capital: Why I Am Buying The Liberation Day-Like Collapse On Overblown AI Panic Hercules Capital: 7 Reasons Why This Is The Top BDC For 2026 Hercules Capital: A BDC That Ticks The Boxes For Retirement Income Hercules Capital prices $300 million notes offering due 2029 What's in store for BDCs in 2026?
Paramount Skydance Corp . enhanced its hostile offer for Warner Bros. Discovery Inc. in an effort to woo shareholders to back its bid over a rival one from Netflix Inc. Paramount said in a statement on Tuesday it will pay a $2.8 billion termination fee that Warner Bros. will have to pay to Netflix if it terminates an already agreed-upon deal with the streaming giant. It will also pay $1.5 billion ...
Paramount Skydance Corp . enhanced its hostile offer for Warner Bros. Discovery Inc. in an effort to woo shareholders to back its bid over a rival one from Netflix Inc. Paramount said in a statement on Tuesday it will pay a $2.8 billion termination fee that Warner Bros. will have to pay to Netflix if it terminates an already agreed-upon deal with the streaming giant. It will also pay $1.5 billion in fees associated with a Warner Bros. debt refinancing. To underscore Paramount’s confidence that it will get swift regulatory approval for its offer, the company said it will pay a “ticking fee” to Warner Bros. shareholders of 25 cents a share for every quarter the transaction is not closed beyond Dec. 31. Paramount has been aggressively pursuing Warner Bros. for months. The film and TV company, led by David Ellison, was taken by surprise when the Warner Bros. board agreed to sell its studios and HBO Max streaming service to Netflix for $27.75 a share, or $82.7 billion. Paramount said it has complied with a second request for information from the Justice Department about its offer, a milestone that a triggers a 10-day period for the regulators to respond. Demonstrating it has an advantage with regulators is a key part of Paramount’s strategy to thwart Netflix Inc.’s planned acquisition of the Warner Bros.’ studios and streaming businesses. If Paramount can clear that waiting period, it could use that as a sign of government approval and use that to try and convince Warner Bros. shareholders to vote against the Netflix transaction.
Artificial intelligence is the greatest investment opportunity of our lifetime. The time to invest in groundbreaking AI is now, and this stock is a steal! AI is eating the world—and the machines behind it are ravenous. Each ChatGPT query, each model update, each robotic breakthrough consumes massive amounts of energy. In fact, AI is already pushing global power grids to the brink. Wall Street is p...
Artificial intelligence is the greatest investment opportunity of our lifetime. The time to invest in groundbreaking AI is now, and this stock is a steal! AI is eating the world—and the machines behind it are ravenous. Each ChatGPT query, each model update, each robotic breakthrough consumes massive amounts of energy. In fact, AI is already pushing global power grids to the brink. Wall Street is pouring hundreds of billions into artificial intelligence—training smarter chatbots, automating industries, and building the digital future. But there’s one urgent question few are asking: Where will all of that energy come from? AI is the most electricity-hungry technology ever invented. Each data center powering large language models like ChatGPT consumes as much energy as a small city. And it’s about to get worse. Even Sam Altman, the founder of OpenAI, issued a stark warning: “The future of AI depends on an energy breakthrough.” Elon Musk was even more blunt: “AI will run out of electricity by next year.” As the world chases faster, smarter machines, a hidden crisis is emerging behind the scenes. Power grids are strained. Electricity prices are rising. Utilities are scrambling to expand capacity. And that’s where the real opportunity lies… One little-known company—almost entirely overlooked by most AI investors—could be the ultimate backdoor play. It’s not a chipmaker. It’s not a cloud platform. But it might be the most important AI stock in the US owns critical energy infrastructure assets positioned to feed the coming AI energy spike. As demand from AI data centers explodes, this company is gearing up to profit from the most valuable commodity in the digital age: electricity. The “Toll Booth” Operator of the AI Energy Boom It owns critical nuclear energy infrastructure assets , positioning it at the heart of America’s next-generation power strategy. , positioning it at the heart of America’s next-generation power strategy. It’s one of the only global companies capable ...
Kusska/iStock via Getty Images Cognizant Technology Solutions ( CTSH ) has solidified a three-year deal with the DAMAC Group to manage its IT infrastructure and application services. The Dubai-based DAMAC group was founded by billionaire Hussain Sajwani in 1982. Its portfolio includes property development, data centers, retail and fashion, hospitality, capital markets, and logistics across Europe,...
Kusska/iStock via Getty Images Cognizant Technology Solutions ( CTSH ) has solidified a three-year deal with the DAMAC Group to manage its IT infrastructure and application services. The Dubai-based DAMAC group was founded by billionaire Hussain Sajwani in 1982. Its portfolio includes property development, data centers, retail and fashion, hospitality, capital markets, and logistics across Europe, North America, Asia, and the Middle East. Cognizant will provide IT and application services across digital and e-commerce platforms, CRM, core enterprise systems, data platforms, and AI-led initiatives. "We are honored to support DAMAC during this pivotal phase of their digital evolution," said Maged Wassim, Head of Cognizant Middle East. "This agreement underscores our deep expertise and commitment to delivering innovative, reliable solutions tailored to complex, multi-industry environments. Working closely with DAMAC, we aim to drive sustained value, enable operational excellence, and accelerate their digital ambitions across the region." Financial details of the new agreement between Cognizant and DAMC were not provided. Sajawani recently said he plans to invest $20B in data centers throughout the U.S. called EDGNEX . "Our foray into the U.S. market in data centers represents a significant milestone in our journey to build a global digital infrastructure platform that will empower businesses today and in the future," he said. "Leveraging our expertise in real estate and data centers, we aim to deliver best-in-class infrastructure that supports the next wave of cloud and AI growth, helping further to position the U.S. in the technology and global data ecosystem." More on Cognizant Technology Cognizant Technology Solutions Corporation (CTSH) Q4 2025 Earnings Call Transcript Cognizant Technology Solutions Corporation 2025 Q4 - Results - Earnings Call Presentation Cognizant: Stable Cash Flows Despite Gross Margin Decline Cognizant teams with Palantir to boost AI usage in h...
MF3d/iStock via Getty Images Amazon ( AMZN ) closed Q4’25 in a position of strength with a backlog of $244b for AWS, supporting the firm’s substantial capital budget of $200b for FY26. With AWS continuing to show momentum, inclusive of adoption of its custom silicon, I believe Amazon’s positioning in the market continues to strengthen despite uncertainty relating to the AI investment. Following th...
MF3d/iStock via Getty Images Amazon ( AMZN ) closed Q4’25 in a position of strength with a backlog of $244b for AWS, supporting the firm’s substantial capital budget of $200b for FY26. With AWS continuing to show momentum, inclusive of adoption of its custom silicon, I believe Amazon’s positioning in the market continues to strengthen despite uncertainty relating to the AI investment. Following the post- earnings sell-off, I am upgrading my rating for AMZN shares to a Strong Buy with a price target of $310/share at 17.20x FY27 EV/EBITDA. Amazon Operational Update Corporate Filings Amazon reported another quarter of robust growth underpinned by strong AWS sales as well as custom chip adoption. Accordingly, the segment’s growth rate accelerated in the quarter to 23.60%, closing out the fiscal year with each quarter growing faster than the last. Corporate Filings Despite the strong growth rate, AWS continued to experience incremental margin compression in Q4’25, declining by 190bps when compared to the previous year’s quarter, closing out FY25 with a decline of 161bps. Margin compression was expected to a certain extent given the higher depreciation expense relating to compute capacity investments, shifting the economics of AWS; depreciation and amortization as a percentage of revenue increased 80bps in Q4’25 when compared to the previous year to 9.12%. Within AWS, Amazon is realizing strong adoption of Graviton, its in-house competitive solution for AI inferencing that competes with x86 CPUs. Trainium and Graviton sales reached an annualized run rate of $10b in Q4 with Graviton exhibiting a 50% year-over-year growth rate, solidifying AWS’s custom silicon as a viable competitor for general compute and enterprise AI inferencing. To support continued growth, Amazon’s capital budget for FY26 is expected to be in the ballpark of $200b, a 52% year-over-year increase. Though this is well above my previous forecast of $152b, I believe this level of investing is necessary to s...
MF3d/iStock via Getty Images Amazon ( AMZN ) closed Q4’25 in a position of strength with a backlog of $244b for AWS, supporting the firm’s substantial capital budget of $200b for FY26. With AWS continuing to show momentum, inclusive of adoption of its custom silicon, I believe Amazon’s positioning in the market continues to strengthen despite uncertainty relating to the AI investment. Following th...
MF3d/iStock via Getty Images Amazon ( AMZN ) closed Q4’25 in a position of strength with a backlog of $244b for AWS, supporting the firm’s substantial capital budget of $200b for FY26. With AWS continuing to show momentum, inclusive of adoption of its custom silicon, I believe Amazon’s positioning in the market continues to strengthen despite uncertainty relating to the AI investment. Following the post- earnings sell-off, I am upgrading my rating for AMZN shares to a Strong Buy with a price target of $310/share at 17.20x FY27 EV/EBITDA. Amazon Operational Update Corporate Filings Amazon reported another quarter of robust growth underpinned by strong AWS sales as well as custom chip adoption. Accordingly, the segment’s growth rate accelerated in the quarter to 23.60%, closing out the fiscal year with each quarter growing faster than the last. Corporate Filings Despite the strong growth rate, AWS continued to experience incremental margin compression in Q4’25, declining by 190bps when compared to the previous year’s quarter, closing out FY25 with a decline of 161bps. Margin compression was expected to a certain extent given the higher depreciation expense relating to compute capacity investments, shifting the economics of AWS; depreciation and amortization as a percentage of revenue increased 80bps in Q4’25 when compared to the previous year to 9.12%. Within AWS, Amazon is realizing strong adoption of Graviton, its in-house competitive solution for AI inferencing that competes with x86 CPUs. Trainium and Graviton sales reached an annualized run rate of $10b in Q4 with Graviton exhibiting a 50% year-over-year growth rate, solidifying AWS’s custom silicon as a viable competitor for general compute and enterprise AI inferencing. To support continued growth, Amazon’s capital budget for FY26 is expected to be in the ballpark of $200b, a 52% year-over-year increase. Though this is well above my previous forecast of $152b, I believe this level of investing is necessary to s...
Key Points ExxonMobil is a leading oil and gas company and has raised its dividend for 43 consecutive years. Energy Transfer is a major energy pipeline operator well positioned to meet the growing demand. 10 stocks we like better than ExxonMobil › If you're seeking income from your portfolio, dividend-paying energy stocks are a solid choice. These companies have long-lived assets, steady cash flow...
Key Points ExxonMobil is a leading oil and gas company and has raised its dividend for 43 consecutive years. Energy Transfer is a major energy pipeline operator well positioned to meet the growing demand. 10 stocks we like better than ExxonMobil › If you're seeking income from your portfolio, dividend-paying energy stocks are a solid choice. These companies have long-lived assets, steady cash flow, and disciplined capital management, enabling them to pay steady dividends to shareholders. They also stand to benefit from the growing demand for energy from utilities and hyperscalers, and offer a hedge against rising energy prices. If this appeals to you, here are two dividend energy stocks to buy in February. Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now, when you join Stock Advisor. See the stocks » ExxonMobil has raised its dividend over four decades ExxonMobil (NYSE: XOM) is a behemoth in the oil and gas industry. As an integrated company, Exxon engages in the exploration and production of gas and oil while also refining fuels into products such as gasoline, diesel, and other petrochemicals. The company has done an excellent job of navigating a volatile oil and gas industry. Its integrated business model and disciplined capital management are a major reason the company has raised its dividend payout for 43 consecutive years. The company has a rock-solid balance sheet and a break-even price that provides it with flexibility through whatever the commodity cycle throws at it. The company's assets in Guyana (the Stabroek block) are widely viewed as a low-cost growth engine for Exxon. Over the past five years, the company has had a return on capital employed of 11%, which is 2% better than its closest peer. Longer-term, Exxon expects to lower its break-even cost to $35 per barrel by 2027 and $30 per barrel by 2030. Not only has Exxon grown its dividend over four decades, but it has also returned...
Macron Reopens Direct Channel With Putin As He Moves To Counter Trump The Kremlin has newly confirmed that France has restored "technical-level" contact and dialogue with Russia, after for years having stymied diplomacy related to the Ukraine war. "Yes, there have indeed been contacts, and we can confirm that," Putin spokesman Dmitry Peskov told reporters. "If there is the desire and the necessity...
Macron Reopens Direct Channel With Putin As He Moves To Counter Trump The Kremlin has newly confirmed that France has restored "technical-level" contact and dialogue with Russia, after for years having stymied diplomacy related to the Ukraine war. "Yes, there have indeed been contacts, and we can confirm that," Putin spokesman Dmitry Peskov told reporters. "If there is the desire and the necessity, they could help fairly quickly reestablish dialogue at the highest level." But ironically it's not necessarily for the sake of seeking to forge a peace deal in eastern European, but in reality toward ensuring the United States doesn't mediate something less than satisfactory to Ukraine and Europe . Getty Images President Macron said in fresh remarks in a Tuesday interview: " What did I gain? Confirmation that Russia does not want peace right now." Yet he stipulated, "But above all, we have rebuilt those channels of discussion at a technical level." "My wish is to share this with my European partners and to have a well-organized European approach " in diplomacy with Moscow, Macron added. He reasoned that Europe must be engaging Putin directly "so as not to depend on third parties" or rather - so the EU doesn't stay cut out of US-Russia discussions, as has been the case so far under Trump. Peskov offered that Moscow understands Macron's motives. "That said, we did take note of President Macron’s statement about the need to establish relations with Russia. We find such statements encouraging," he stated. Peskov further acknowledged that completely cutting off contact between Russia and Europe is "illogical, counterproductive and harmful for all sides." "Russia has always supported maintaining dialogue, which, in our view and in our firm belief, can help address the most pressing and complex issues," he told a press briefing. "These problems will not resolve themselves, and confrontation will not help solve them either ." The Macron government has meanwhile already made clear...
(RTTNews) - American Express Company (AXP), Tuesday announced a renewed partnership with National Basketball Association or NBA, strengthening its commitment to deliver exceptional experiences and access for its customers and fans, in-person and through digital platforms. Under the new multi-year deal, American Express would improve its involvement across the league through increased investment in...
(RTTNews) - American Express Company (AXP), Tuesday announced a renewed partnership with National Basketball Association or NBA, strengthening its commitment to deliver exceptional experiences and access for its customers and fans, in-person and through digital platforms. Under the new multi-year deal, American Express would improve its involvement across the league through increased investment in the WNBA and adding USA Basketball, including the Men's and Women's National Teams, and NBA Take-Two Media. Additionally, it will serve as the entitlement partner of NBA Tip-Off and NBA G League Tip-Off. Both the parties will launch a connected member program with NBA ID, the NBA's free membership program that provides fans access to a variety of benefits, including exclusive offers from NBA partners, ticket promotions, and members-only voting campaigns. In the pre-market hours, AXP is trading at $359.78, up 0.04 percent on the New York Stock Exchange. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Sustainable Growth Advisers (SGA), an investment management company, released its fourth-quarter investor letter for its “U.S. Large Cap Growth Strategy.” A copy of the letter can be downloaded here. In Q4 2025, the Portfolio returned 0.3% (Gross) and 0.2% (Net) compared to 1.1% return for the Russell 1000 Growth Index and 2.7% gain for the S&P 500 Index. Rising volatility, coupled with broadening...
Sustainable Growth Advisers (SGA), an investment management company, released its fourth-quarter investor letter for its “U.S. Large Cap Growth Strategy.” A copy of the letter can be downloaded here. In Q4 2025, the Portfolio returned 0.3% (Gross) and 0.2% (Net) compared to 1.1% return for the Russell 1000 Growth Index and 2.7% gain for the S&P 500 Index. Rising volatility, coupled with broadening market leadership, improved the portfolio’s relative performance in the second half of the quarter. In 2025, the Portfolio faced its most challenging years since the firm's inception in 2003. After a challenging year, the firm is encouraged by the robust growth potential in its portfolio and its historically attractive relative valuation. Progressing further, the portfolio is well-positioned to gain from a shift away from high momentum dynamics in U.S. markets and a broadening of market leadership. Please review the Strategy’s top five holdings to gain insights into their key selections for 2025. In its fourth-quarter 2025 investor letter, SGA U.S. Large Cap Growth Strategy highlighted stocks like Alphabet Inc. (NASDAQ:GOOG). Alphabet Inc. (NASDAQ:GOOG), the parent company of Google, offers various platforms and services operating through Google Services, Google Cloud, and Other Bets segments, and is a significant contributor to the strategy’s performance in the quarter. On February 9, 2026, Alphabet Inc. (NASDAQ:GOOG) stock closed at $324.40 per share with a market capitalization of $3.92 trillion. One-month return of Alphabet Inc. (NASDAQ:GOOG) was -3.58%, and its shares gained 73.41% of their value over the last 52 weeks. SGA U.S. Large Cap Growth Strategy stated the following regarding Alphabet Inc. (NASDAQ:GOOG) in its fourth quarter 2025 investor letter:
Image source: The Motley Fool. Tuesday, February 10, 2026 at 8:00 a.m. ET Call participants Chief Executive Officer — Olivier Pomel Chief Financial Officer — David Obstler Vice President, Investor Relations — Yuka Broderick Need a quote from a Motley Fool analyst? Email [email protected] Takeaways Revenue -- $953 million, up 29% year over year and 8% quarter over quarter, above the high end of the...
Image source: The Motley Fool. Tuesday, February 10, 2026 at 8:00 a.m. ET Call participants Chief Executive Officer — Olivier Pomel Chief Financial Officer — David Obstler Vice President, Investor Relations — Yuka Broderick Need a quote from a Motley Fool analyst? Email [email protected] Takeaways Revenue -- $953 million, up 29% year over year and 8% quarter over quarter, above the high end of the guidance range. -- $953 million, up 29% year over year and 8% quarter over quarter, above the high end of the guidance range. Bookings -- $1.63 billion, representing a 37% year-over-year increase, with 18 deals over $10 million in TCV, including two over $100 million. -- $1.63 billion, representing a 37% year-over-year increase, with 18 deals over $10 million in TCV, including two over $100 million. Free cash flow -- $291 million, reflecting a free cash flow margin of 31%. -- $291 million, reflecting a free cash flow margin of 31%. Gross revenue retention -- Stable in the mid to high nineties, indicating continued low churn. -- Stable in the mid to high nineties, indicating continued low churn. Customer count -- Approximately 32,700, up from about 30,000 a year ago. -- Approximately 32,700, up from about 30,000 a year ago. Large customer cohort -- Roughly 4,310 customers with ARR of $100,000 or more, up from 3,610; these represented about 90% of total ARR. -- Roughly 4,310 customers with ARR of $100,000 or more, up from 3,610; these represented about 90% of total ARR. Net revenue retention -- Roughly 120% for the trailing twelve months, unchanged sequentially. -- Roughly 120% for the trailing twelve months, unchanged sequentially. Billings -- $1.21 billion, up 34% year over year; Remaining Performance Obligations (RPO) at $3.46 billion, up 52%. -- $1.21 billion, up 34% year over year; Remaining Performance Obligations (RPO) at $3.46 billion, up 52%. Product adoption -- 84% of customers used two or more products; 55% used four or more; 33% used six or more; 18% used eight o...
At Holdings Channel, we have reviewed the latest batch of the 20 most recent 13F filings for the 06/30/2024 reporting period, and noticed that Vanguard Index Funds Mid-Cap Value Index VIPER Shs (Symbol: VOO) was held by 10 of these funds. When hedge fund managers appear to be thinking alike, we find it is a good idea to take a closer look. Before we proceed, it is important to point out that 13F f...
At Holdings Channel, we have reviewed the latest batch of the 20 most recent 13F filings for the 06/30/2024 reporting period, and noticed that Vanguard Index Funds Mid-Cap Value Index VIPER Shs (Symbol: VOO) was held by 10 of these funds. When hedge fund managers appear to be thinking alike, we find it is a good idea to take a closer look. Before we proceed, it is important to point out that 13F filings do not tell the whole story, because these funds are only required to disclose their long positions with the SEC, but are not required to disclose their short positions. A fund making a bearish bet against a stock by shorting calls, for example, might also be long some amount of stock as they trade around their overall bearish position. This long component could show up in a 13F filing and everyone might assume the fund is bullish, but this tells only part of the story because the bearish/short side of the position is not seen. Having given that caveat, we believe that looking at groups of 13F filings can be revealing, especially when comparing one holding period to another. Below, let's take a look at the change in VOO positions, for this latest batch of 13F filers: In terms of shares owned, we count 6 of the above funds having increased existing VOO positions from 03/31/2024 to 06/30/2024, with 3 having decreased their positions. Worth noting is that Single Point Partners LLC, included in this recent batch of 13F filers, exited VOO common stock as of 06/30/2024. Looking beyond these particular funds in this one batch of most recent filers, we tallied up the VOO share count in the aggregate among all of the funds which held VOO at the 06/30/2024 reporting period (out of the 323 we looked at in total). We then compared that number to the sum total of VOO shares those same funds held back at the 03/31/2024 period, to see how the aggregate share count held by hedge funds has moved for VOO. We found that between these two periods, funds increased their holdings by 247,5...
Sustainable Growth Advisers (SGA), an investment management company, released its fourth-quarter investor letter for its “U.S. Large Cap Growth Strategy.” A copy of the letter can be downloaded here. In Q4 2025, the Portfolio returned 0.3% (Gross) and 0.2% (Net) compared to 1.1% return for the Russell 1000 Growth Index and 2.7% gain for the S&P 500 Index. Rising volatility, coupled with broadening...
Sustainable Growth Advisers (SGA), an investment management company, released its fourth-quarter investor letter for its “U.S. Large Cap Growth Strategy.” A copy of the letter can be downloaded here. In Q4 2025, the Portfolio returned 0.3% (Gross) and 0.2% (Net) compared to 1.1% return for the Russell 1000 Growth Index and 2.7% gain for the S&P 500 Index. Rising volatility, coupled with broadening market leadership, improved the portfolio’s relative performance in the second half of the quarter. In 2025, the Portfolio faced its most challenging years since the firm's inception in 2003. After a challenging year, the firm is encouraged by the robust growth potential in its portfolio and its historically attractive relative valuation. Progressing further, the portfolio is well-positioned to gain from a shift away from high momentum dynamics in U.S. markets and a broadening of market leadership. Please review the Strategy’s top five holdings to gain insights into their key selections for 2025. In its fourth-quarter 2025 investor letter, SGA U.S. Large Cap Growth Strategy highlighted Meta Platforms, Inc. (NASDAQ:META) as a notable detractor from performance. Meta Platforms, Inc. (NASDAQ:META) is a technology company that develops products to connect people. On February 9, 2026, Meta Platforms, Inc. (NASDAQ:META) stock closed at $677.22 per share. One-month return of Meta Platforms, Inc. (NASDAQ:META) was 7.31%, and its shares lost 5.92% of their value over the last 52 weeks. Meta Platforms, Inc. (NASDAQ:META) has a market capitalization of $1.713 trillion. SGA U.S. Large Cap Growth Strategy stated the following regarding Meta Platforms, Inc. (NASDAQ:META) in its fourth quarter 2025 investor letter:
Sustainable Growth Advisers (SGA), an investment management company, released its fourth-quarter investor letter for its “U.S. Large Cap Growth Strategy.” A copy of the letter can be downloaded here. In Q4 2025, the Portfolio returned 0.3% (Gross) and 0.2% (Net) compared to 1.1% return for the Russell 1000 Growth Index and 2.7% gain for the S&P 500 Index. Rising volatility, coupled with broadening...
Sustainable Growth Advisers (SGA), an investment management company, released its fourth-quarter investor letter for its “U.S. Large Cap Growth Strategy.” A copy of the letter can be downloaded here. In Q4 2025, the Portfolio returned 0.3% (Gross) and 0.2% (Net) compared to 1.1% return for the Russell 1000 Growth Index and 2.7% gain for the S&P 500 Index. Rising volatility, coupled with broadening market leadership, improved the portfolio’s relative performance in the second half of the quarter. In 2025, the Portfolio faced its most challenging years since the firm's inception in 2003. After a challenging year, the firm is encouraged by the robust growth potential in its portfolio and its historically attractive relative valuation. Progressing further, the portfolio is well-positioned to gain from a shift away from high momentum dynamics in U.S. markets and a broadening of market leadership. Please review the Strategy’s top five holdings to gain insights into their key selections for 2025. In its fourth-quarter 2025 investor letter, SGA U.S. Large Cap Growth Strategy highlighted Meta Platforms, Inc. (NASDAQ:META) as a notable detractor from performance. Meta Platforms, Inc. (NASDAQ:META) is a technology company that develops products to connect people. On February 9, 2026, Meta Platforms, Inc. (NASDAQ:META) stock closed at $677.22 per share. One-month return of Meta Platforms, Inc. (NASDAQ:META) was 7.31%, and its shares lost 5.92% of their value over the last 52 weeks. Meta Platforms, Inc. (NASDAQ:META) has a market capitalization of $1.713 trillion. SGA U.S. Large Cap Growth Strategy stated the following regarding Meta Platforms, Inc. (NASDAQ:META) in its fourth quarter 2025 investor letter:
Sustainable Growth Advisers (SGA), an investment management company, released its fourth-quarter investor letter for its “U.S. Large Cap Growth Strategy.” A copy of the letter can be downloaded here. In Q4 2025, the Portfolio returned 0.3% (Gross) and 0.2% (Net) compared to 1.1% return for the Russell 1000 Growth Index and 2.7% gain for the S&P 500 Index. Rising volatility, coupled with broadening...
Sustainable Growth Advisers (SGA), an investment management company, released its fourth-quarter investor letter for its “U.S. Large Cap Growth Strategy.” A copy of the letter can be downloaded here. In Q4 2025, the Portfolio returned 0.3% (Gross) and 0.2% (Net) compared to 1.1% return for the Russell 1000 Growth Index and 2.7% gain for the S&P 500 Index. Rising volatility, coupled with broadening market leadership, improved the portfolio’s relative performance in the second half of the quarter. In 2025, the Portfolio faced its most challenging years since the firm's inception in 2003. After a challenging year, the firm is encouraged by the robust growth potential in its portfolio and its historically attractive relative valuation. Progressing further, the portfolio is well-positioned to gain from a shift away from high momentum dynamics in U.S. markets and a broadening of market leadership. Please review the Strategy’s top five holdings to gain insights into their key selections for 2025. In its fourth-quarter 2025 investor letter, SGA U.S. Large Cap Growth Strategy highlighted Meta Platforms, Inc. (NASDAQ:META) as a notable detractor from performance. Meta Platforms, Inc. (NASDAQ:META) is a technology company that develops products to connect people. On February 9, 2026, Meta Platforms, Inc. (NASDAQ:META) stock closed at $677.22 per share. One-month return of Meta Platforms, Inc. (NASDAQ:META) was 7.31%, and its shares lost 5.92% of their value over the last 52 weeks. Meta Platforms, Inc. (NASDAQ:META) has a market capitalization of $1.713 trillion. SGA U.S. Large Cap Growth Strategy stated the following regarding Meta Platforms, Inc. (NASDAQ:META) in its fourth quarter 2025 investor letter: