Harbor Capital Appreciation Fund’s Q3 2025 Investor Letter

Harbor Capital Appreciation Fund, an investment management company, released its Q3 2025 investor letter. The Harbor Capital Appreciation Fund primarily focuses on investing in equity securities, targeting U.S. companies that have a market capitalization of at least $1 billion at the time of investment. US equities delivered solid results in the third quarter, driven by continued momentum in AI and strong corporate earnings. The Federal Reserve’s interest rate cut also supported the market at the end of the quarter. The fund returned 5.11% in the quarter compared to 10.51% for the Russell 1000® Growth Index and 8.12% for the S&P 500 Index. In addition, please check the fund’s top five holdings to know its best picks in 2025.

A copy of Harbor Capital Appreciation Fund’s Q3 2025 investor letter can be downloaded here.