SGA U.S. Large Cap Growth Strategy’s Q1 2025 Investor Letter

Sustainable Growth Advisers (SGA), an investment management company, released its first-quarter investor letter for its “U.S. Large Cap Growth Strategy.” It is reported that portfolio returned -11.1% gross in the first quarter of 2026, underperforming major benchmark indices as AI disruption fears pressured software and other growth stocks. The firm said market sentiment sharply favored companies viewed as AI beneficiaries, while stocks perceived to face AI risks sold off heavily. Performance improved later in the quarter as geopolitical tensions and macroeconomic uncertainty pushed investors toward more defensive and predictable growth businesses. The letter added that portfolio fundamentals remain strong despite valuation pressure, and it remains optimistic about long-term growth and future returns. In addition, you can check the Fund’s top five holdings to determine its best picks for 2026.

A copy of SGA U.S. Large Cap Growth Strategy’s Q1 2026 investor letter can be downloaded here.

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