Sands Capital Global Growth Sold Its Stake in Entegris (ENTG)

Sands Capital, an investment management company, released its “Sands Capital Global Growth Fund” first-quarter 2025 investor letter. A copy of the letter can be downloaded here. Global Growth adopts a flexible approach to identify the most promising growth companies across the globe. Global equities fell in the first quarter, as per the MSCI ACWI. The strategy underperformed the benchmark amid the weakness. You can check the fund’s top 5 holdings to know more about its best picks for 2025.

In its first-quarter 2025 investor letter, Sands Capital Global Growth Fund highlighted stocks such as Entegris, Inc. (NASDAQ:ENTG). Headquartered in Billerica, Massachusetts, Entegris, Inc. (NASDAQ:ENTG) offers materials and process solutions for the semiconductor and other high-technology industries. The one-month return of Entegris, Inc. (NASDAQ:ENTG) was -5.68%, and its shares lost 44.63% of their value over the last 52 weeks.  On June 5, 2025, Entegris, Inc. (NASDAQ:ENTG) stock closed at $72.02 per share, with a market capitalization of $10.904 billion.

Sands Capital Global Growth Fund stated the following regarding Entegris, Inc. (NASDAQ:ENTG) in its Q1 2025 investor letter:

“We exited Entegris, Inc. (NASDAQ:ENTG) to help fund the purchase of TSMC, which we view as a stronger fit with our criteria and the portfolio. We don’t believe Entegris’ investment case is impaired, but the business continues to suffer from a prolonged downcycle in memory chips and trailing-edge use cases. Meanwhile, TSMC’s competitive position in leading-edge logic chips is improving amid challenges at Intel and Samsung, and we view the business as a primary beneficiary of the exponential growth potential from inference compute demand as physical and agentic AI grow over the next decade. TSMC should also benefit from any potential upcycle in legacy technology applications that would lead to a recovery in Entegris’ business results.”

Is Entegris, Inc. (ENTG) the Best Semiconductor Equipment Stock to Buy According to Analysts?

A technician in a specialized cleanroom suit, preparing a microcontamination control pipeline.

Entegris, Inc. (NASDAQ:ENTG) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 37 hedge fund portfolios held Entegris, Inc. (NASDAQ:ENTG) at the end of the first quarter, which was 47 in the previous quarter. While we acknowledge the potential of Entegris, Inc. (NASDAQ:ENTG) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is as promising as NVIDIA but that trades at less than 5 times its earnings, check out our report about the undervalued AI stock set for massive gains.

In another article, we covered Entegris, Inc. (NASDAQ:ENTG) and shared The London Company Mid Cap Strategy’s views on the company. In addition, please check out our hedge fund investor letters Q1 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.