By Soumya Eswaran
Publication Date: 2025-11-27 12:55:00
Sands Capital, an investment management company, released its “Sands Capital Select Growth Strategy” Q3 2025 investor letter. A copy of the letter can be downloaded here. U.S. large-cap growth equities continued to recover from a sharp sell-off in early April. Strong corporate earnings, investor enthusiasm around artificial intelligence (AI), and growing expectations for Federal Reserve policy easing drove the robust gains. The portfolio returned 6.3% (net) in the quarter, compared to the benchmark’s 10.5% gain. You can check the fund’s top 5 holdings to know more about its best picks for 2025.
In its third-quarter 2025 investor letter, Sands Capital Select Growth Strategy highlighted stocks such as NVIDIA Corporation (NASDAQ:NVDA). NVIDIA Corporation (NASDAQ:NVDA) offers graphics, compute, and networking solutions. The one-month return of NVIDIA Corporation (NASDAQ:NVDA) was -12.93%, and its shares gained 33.19% of their value over the last 52 weeks. On November 26, 2025, NVIDIA Corporation (NASDAQ:NVDA) stock closed at $180.26 per share, with a market capitalization of $4.381 trillion.
Sands Capital Select Growth Strategy stated the following regarding NVIDIA Corporation (NASDAQ:NVDA) in its third quarter 2025 investor letter:
“NVIDIA Corporation (NASDAQ:NVDA) is a semiconductor company helping to enable the future of computing. The business delivered another strong quarter, with demand continuing to outpace supply. Excluding China, its datacenter…
