Macquarie Large Cap Growth Fund Sold LVMH Moët Hennessy – Louis Vuitton, Société Européenne (LVMUY) Despite Strong Conviction

Macquarie Asset Management, an investment management company, released its “Macquarie Large Cap Growth Fund” investor letter for the second quarter of 2025. A copy of the letter can be downloaded here. The second quarter of 2025 endured significant government policy changes and geopolitical events, which resulted in volatility yet ended with robust performance for equity markets. The Fund’s Institutional Class shares posted an absolute positive return of 11.24% in the quarter, but underperformed the benchmark, the Russell 1000 Growth Index, which returned 17.84%. For more information on the fund’s best picks in 2025, please check its top five holdings.

In its second-quarter 2025 investor letter, the Macquarie Large Cap Growth Fund highlighted stocks such as LVMH Moët Hennessy – Louis Vuitton, Société Européenne (OTC:LVMUY). LVMH Moët Hennessy – Louis Vuitton, Société Européenne (OTC:LVMUY) is a luxury goods company. The one-month return of LVMH Moët Hennessy – Louis Vuitton, Société Européenne (OTC:LVMUY) was 6.44%, and its shares lost 9.07% of their value over the last 52 weeks. On September 19, 2025, LVMH Moët Hennessy – Louis Vuitton, Société Européenne (OTC:LVMUY) stock closed at $120.15 per share, with a market capitalization of $303.8 billion.

Macquarie Large Cap Growth Fund stated the following regarding LVMH Moët Hennessy – Louis Vuitton, Société Européenne (OTC:LVMUY) in its second quarter 2025 investor letter:

Toward the end of the quarter, we did some repositioning of the portfolio focused on both opportunities and around the Russell “reconstitution.” One notable portfolio change was our exit from LVMH Moët Hennessy – Louis Vuitton, Société Européenne (OTC:LVMUY). We continue to believe in the company’s power as a luxury brand but are concerned that the post-pandemic normalization is ongoing and a growth catalyst is difficult to foresee.

LVMH Moët Hennessy – Louis Vuitton, Société Européenne (OTC:LVMUY) is not on our list of 30 Most Popular Stocks Among Hedge Funds. According to our database, 57 hedge fund portfolios held LVMH Moët Hennessy – Louis Vuitton, Société Européenne (OTC:LVMUY) at the end of the second quarter, same as 2 in the previous quarter. While we acknowledge the risk and potential of LVMH Moët Hennessy – Louis Vuitton, Société Européenne (OTC:LVMUY) as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than LVMH Moët Hennessy – Louis Vuitton, Société Européenne (OTC:LVMUY) and that has 10,000% upside potential, check out our report about this cheapest AI stock.

In addition, please check out our hedge fund investor letters Q2 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