Here’s What Boosted ASML Holding N.V. (ASML) in Q3

Core Viewpoint - Magellan Global Fund's third-quarter 2025 investor letter indicates that the fund underperformed the MSCI World Index due to strong performance from speculative companies in a risk-on environment, despite focusing on high-quality companies at attractive prices [1] Group 1: Fund Performance - The global equities rose 7.3% in the September quarter as measured by the MSCI World Index in USD [1] - The portfolio of Magellan Global Fund underperformed the index during the quarter [1] Group 2: Key Holdings - ASML Holding N.V. (NASDAQ:ASML) was highlighted as a significant contributor to the fund's performance, alongside Alphabet and TSMC [3] - ASML's one-month return was 8.34%, and its shares gained 47.96% over the last 52 weeks, closing at $1,087.82 per share with a market capitalization of $422.235 billion on December 15, 2025 [2] Group 3: Market Sentiment - Positive sentiment in the semiconductor sector was noted, particularly after OpenAI's partnerships with major industry players like Oracle, Nvidia, and Broadcom, which benefited both TSMC and ASML [3] - ASML also received a boost from a strategic equity investment by Nvidia into Intel, a key customer [3] Group 4: Hedge Fund Interest - ASML Holding N.V. was held by 82 hedge fund portfolios at the end of the third quarter, an increase from 78 in the previous quarter [4] - Despite its potential, some analysts suggest that certain AI stocks may offer greater upside potential and less downside risk compared to ASML [4]