Aristotle Funds, an investment advisor, released its “Growth Equity Fund” fourth-quarter 2025 investor letter. A copy of the letter can be downloaded here. U.S. equity markets reached new all-time highs in Q4 2025, with the S&P 500 Index rising 2.66% and the Bloomberg U.S. Aggregate Bond Index increasing by 1.10%. Within the Russell 1000 Growth Index, healthcare, communication services, and financials were the top-performing sectors, while utilities, real estate, and materials lagged. The U.S. economy showed resilience. However, consumer confidence deteriorated toward year-end, raising concerns about future spending and the labor market. Against this backdrop, the Aristotle Growth Equity Fund (Class I-2) returned 0.95%, underperforming the Russell 1000 Growth Index’s 1.12%. Poor security selection in the information technology and consumer discretionary sectors detracted from performance, while positive contributions from healthcare and industrials improved relative performance. In addition, please check the Fund’s top five holdings to know its best picks in 2025.
In its fourth-quarter 2025 investor letter, Aristotle Growth Equity Fund highlighted stocks like Advanced Micro Devices, Inc. (NASDAQ:AMD). Advanced Micro Devices, Inc. (NASDAQ:AMD) is a leading semiconductor company that designs and manufactures of AI accelerators, microprocessors, and graphics processing units. On February 25, 2026, Advanced Micro Devices, Inc. (NASDAQ:AMD) stock closed at $210.86 per share. One-month return of Advanced Micro Devices, Inc. (NASDAQ:AMD) was -16.39%, and its shares gained 111.90% over the past 52 weeks. Advanced Micro Devices, Inc. (NASDAQ:AMD) has a market capitalization of $343.788 billion.
Aristotle Growth Equity Fund stated the following regarding Advanced Micro Devices, Inc. (NASDAQ:AMD) in its fourth quarter 2025 investor letter:
“Advanced Micro Devices, Inc. (NASDAQ:AMD) detracted from performance in the fourth quarter as investors began to question the viability of OpenAI’s massive capital spending plans and discounted the future revenues associated with those spending plans for companies such as AMD. Overall sentiment towards AI semiconductor companies turned negative in December contributing to multiple compression for AMD and weakness relative to other technology stocks.
