Quanta Services (PWR) Positioned to Benefit From Rising Power Infrastructure Investment
- Finance
ThePostMaster- 0
- 6 minutes read
Sands Capital Management, LLC’s Technology Innovators Fund released its Q4 2025 investor letter for “Technology Innovators Fund”. A copy of the letter can be downloaded here. The Fund delivered mixed performance during the fourth quarter of 2025, as market returns were increasingly driven by a narrow group of large-cap growth stocks, with the portfolio’s top ten holdings accounting for roughly 59% of assets, while several high-valuation innovation names faced pressure from slowing momentum and investor risk aversion. The fund’s results reflected stock-specific challenges rather than broad macroeconomic shocks, with weaker performance in certain emerging technology holdings offset by strength in select platform and infrastructure businesses. During the quarter, the portfolio declined 6.3% on a quarter-to-date basis, and the fund generated a 14.7% return over the one year, reflecting stock-specific challenges rather than broad macroeconomic shocks, with weaker performance in certain emerging technology holdings offset by strength in select platform and infrastructure businesses. Management emphasized its long-term investment horizon, noting an average annual portfolio turnover of 21%, and stated that many portfolio companies continued to generate solid full-year earnings growth in 2025, supported by durable revenue models tied to artificial intelligence, cloud computing, and digital transformation, even as enthusiasm for speculative growth faded late in the quarter. In addition, please check the Fund’s top five holdings to know its best picks in 2025.
In its fourth-quarter 2025 investor letter, Sands Capital Technology Innovators Fund highlighted stocks like Quanta Services, Inc. (NYSE:PWR). Quanta Services, Inc. (NYSE:PWR) provides engineering and construction services focused on utilities, energy infrastructure, and telecommunications projects. The one-month return of Quanta Services, Inc. (NYSE:PWR) was 12.28% while its shares traded between $227.08 and $524.08 over the last 52 weeks. On February 13, 2026, Quanta Services, Inc. (NYSE:PWR) stock closed at approximately $515.88 per share, with a market capitalization of about $78.15 billion.
Sands Capital Technology Innovators Fund stated the following regarding Quanta Services, Inc. (NYSE:PWR) in its Q4 2025 investor letter:
“However, with power demand increasing, we are now expanding that foundation into areas that help with energy supply. These include companies such as Quanta Services, Inc. (NYSE:PWR), which provides engineering and construction services for transmission, distribution, and grid hardening initiatives, or WEG, which provides transformers, motors, and advanced grid equipment. We are also exploring opportunities in gas power generation, on-site power generation, and nuclear power that helps broaden and diversify sources of power supply. Importantly, we think the power demand drivers that we see emerging in the United States will eventually be replicated by the rest of the world, providing substantial duration to this trend.”
