In the third quarter of 2025, the Virtus SGA Global Growth fund witnessed a dynamic performance, influenced by a mix of contributors and detractors. Here's a breakdown of the key players:
Contributors:
- Nvidia: Once again, Nvidia proved to be a significant contributor, capitalizing on the soaring demand for accelerated computing and AI infrastructure. This surge in demand has been a consistent driver of the fund's success.
- Alphabet (GOOG/GOOGL): Alphabet's positive impact on the portfolio was notable. In September, the company secured a favorable ruling in a critical antitrust case, which likely boosted its stock performance and contributed to the fund's overall growth.
Detractors:
- Chipotle: Chipotle's performance took a hit during the quarter, with comparable sales growth falling just 1% short of expectations. This was a disappointing outcome, especially considering the challenging 11% comparison in the previous year.
- Intuit: Despite strong fiscal-year results, Intuit's cautious guidance for FY 2026 led to investor disappointment. This cautious outlook likely impacted the fund's performance negatively.
This segment is an excerpt from the Virtus SGA Global Growth Q3 2025 Commentary, offering a glimpse into the fund's strategic investments and their impact on performance.
