Here’s Why Astera Labs (ALAB) is on Detectors’ List of Polen U.S. SMID Cap Growth Strategy

Core Insights - Polen Capital's "Polen U.S. SMID Cap Growth Strategy" achieved a return of 14.8% gross and 14.4% net of fees in Q3 2025, outperforming the Russell 2500 Growth Index which returned 10.7% [1] Company Performance - Astera Labs, Inc. (NASDAQ:ALAB) specializes in semiconductor-based connectivity solutions for cloud and AI infrastructure, with a one-month return of -16.73% and a 52-week appreciation of 32.14% [2] - As of November 21, 2025, Astera Labs' stock closed at $141.95, with a market capitalization of $23.976 billion [2] - In Q3 2025, Astera Labs reported revenue of $230.6 million, reflecting a 20% increase from the prior quarter and a 104% increase from Q3 2024 [4] Investment Insights - Astera Labs was noted as a significant detractor from the portfolio's relative performance due to not owning the stock, which increased by over 100% during the quarter [3] - The company benefited from better-than-expected earnings, strong guidance for Q3 2025, and optimism regarding expanding strategic relationships [3] - Despite its potential, the company is not among the 30 most popular stocks among hedge funds, with 56 hedge fund portfolios holding its shares at the end of Q2 2025, up from 45 in the previous quarter [4]