Here’s Why NZS Capital Believes in the Strong Growth Potential of SailPoint (SAIL)

NZS Capital, LLC, an investment management company, released its “NZS Growth Equity Strategy” third-quarter 2025 investor letter. A copy of the letter can be downloaded here. Equity markets continued their rally in the third quarter, which began in the previous quarter. The strategy returned +4.09% (a net return of -3.93%) for the quarter, compared to +7.60% for the Morningstar Global Target Market Exposure (NR) index over the same period. YTD, the fund returned +20.18% (net return of +19.60%) compared to the index’s +18.26% return. In addition, you can check the fund’s top 5 holdings to determine its best picks for 2025.

In its third-quarter 2025 investor letter, NZS Growth Equity Strategy highlighted stocks such as SailPoint, Inc. (NASDAQ:SAIL). SailPoint, Inc. (NASDAQ:SAIL) is an identity security solution provider. The one-month return of SailPoint, Inc. (NASDAQ:SAIL) was -8.38%, and its shares gained 4.51% of their value over the last three months. On October 30, 2025, SailPoint, Inc. (NASDAQ:SAIL) stock closed at $21.55 per share, with a market capitalization of $11.995 billion.

NZS Growth Equity Strategy stated the following regarding SailPoint, Inc. (NASDAQ:SAIL) in its third quarter 2025 investor letter:

“SailPoint, Inc. (NASDAQ:SAIL): Earlier this year, researchers discovered a zero-click vulnerability, “EchoLeak”, in Microsoft 365 Copilot, which represented the first known zero-click attack on an AI agent. In this vulnerability, an attacker could send a seemingly normal email containing hidden instructions that the AI assistant would process when the user later asked Copilot a question about said email, resulting in the user unknowingly exfiltrating sensitive data to the attacker’s server. Thus began the AI era of cybersecurity, where AI agents are just as vulnerable to attacks as workplace employees.

SailPoint is a pioneer in identity governance and administration (IGA), which involves managing and securing dynamic access to critical applications and data for every enterprise identity. This capability requires deep, broad controls for proper access authorization, automating functions like account provisioning, and access certification across all identities. Identity governance is essential for operationalizing zero-trust security by helping companies achieve dynamic real time security and prevent people from maintaining permanent, exploitable, high-level permissions and access…” (Click here to read the full text)

In another article, we covered SailPoint, Inc. (NASDAQ:SAIL) and shared the list of best growth stocks under $25 to buy. In addition, please check out our hedge fund investor letters Q3 2025 page for more investor letters from hedge funds and other leading investors.

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Disclosure: None. This article is originally published at Insider Monkey.