Not Owning Tesla (TSLA) Impacted NewBridge Large Cap Growth Equity’s Performance

Core Insights - NewBridge Asset Management's Q4 2025 letter indicates that equity markets maintained upward momentum due to resilient economic growth and solid corporate returns [1] - The NewBridge Large Cap Growth Strategy generated positive returns but underperformed compared to the Russell 1000® Growth Index [1] - The portfolio faced contrasting performances from significant holdings like Uber Technologies, Inc. and the absence of Tesla, Inc. [1] Company Performance - Tesla, Inc. (NASDAQ:TSLA) experienced a one-month return of -4.23% but gained 9.32% over the last 52 weeks, closing at $435.20 per share with a market capitalization of $1.45 trillion on January 26, 2026 [2] - In November, Tesla's shares surged by 38%, attributed to Elon Musk's alignment with Trump, which may provide a competitive advantage as Tesla is the only profitable North American electric vehicle producer [3]