Broad-Based Momentum Lifted Alphabet (GOOGL) in Q3

Core Insights - Renaissance Investment Management's Q3 2025 "Large Cap Growth Strategy" investor letter indicates that stock prices continued to rise, with the S&P 500 reaching all-time highs in September, while the strategy underperformed compared to the Russell 1000 Growth and S&P 500 benchmarks [1] Group 1: Performance Metrics - The Russell 1000 Growth returned 10.5% and the S&P 500 returned 8.1% in Q3 2025 [1] - Alphabet Inc. (NASDAQ:GOOGL) achieved a one-month return of 10.33% and a 52-week gain of 61.51%, closing at $269.27 per share with a market capitalization of $3.26 trillion on October 27, 2025 [2] Group 2: Company Analysis - Alphabet Inc. demonstrated solid operating results with broad-based momentum across all segments, driven by improving user engagement and accelerating digital advertising growth, with no negative impact from AI on its search business [3] - The company has successfully monetized AI applications despite increasing investments in the technology, aided by a favorable court ruling that allows it to retain its Chrome and Android businesses [3] Group 3: Hedge Fund Interest - Alphabet Inc. ranks 4th among the 30 Most Popular Stocks Among Hedge Funds, with 219 hedge fund portfolios holding its stock at the end of Q2 2025, down from 227 in the previous quarter [4] - While Alphabet is recognized for its investment potential, certain AI stocks are believed to offer greater upside potential and less downside risk [4]