Here’s Why Macquarie Large Cap Growth Fund Sold Equinix (EQIX) in Q3

Core Insights - Macquarie Asset Management's "Macquarie Large Cap Growth Fund" reported positive returns in Q3 2025, but underperformed against the Russell 1000 Growth Index due to an unfavorable market environment and missteps [1] - AI-themed stocks were significant contributors, accounting for approximately 75% of market returns in the quarter [1] Company Overview: Equinix, Inc. (NASDAQ:EQIX) - Equinix, Inc. is a digital infrastructure company with a market capitalization of approximately $79.996 billion and a stock price of $817.42 as of October 14, 2025 [2] - The company experienced a one-month return of 4.96% but has seen a decline of 7.13% over the past 52 weeks [2] Portfolio Changes - Equinix was eliminated from the Macquarie Large Cap Growth Fund portfolio due to challenges in monetizing new assets in second- and third-tier cities, despite its unique urban assets critical for reducing latency in AI applications [3] - The fund believes there may be better opportunities to invest in Equinix in the future [3] Financial Performance - Equinix reported revenues of $2.26 billion in Q2 2025, reflecting a year-over-year increase of 5% [4] - The company is not among the top 30 most popular stocks among hedge funds, with 66 hedge fund portfolios holding its stock at the end of Q2 2025, down from 70 in the previous quarter [4] Investment Outlook - While Equinix shows potential as an investment, certain AI stocks are viewed as having greater upside potential and lower downside risk [4]