Quanta Services (PWR) Positioned to Benefit From Rising Power Infrastructure Investment

Core Insights - Sands Capital Management's Technology Innovators Fund experienced mixed performance in Q4 2025, with top ten holdings comprising approximately 59% of assets, indicating a concentration in large-cap growth stocks [1] - The fund's portfolio declined by 6.3% quarter-to-date, but achieved a 14.7% return over the year, reflecting stock-specific challenges rather than macroeconomic shocks [1] - The management emphasized a long-term investment strategy with an average annual portfolio turnover of 21%, highlighting continued earnings growth in 2025 driven by sectors like artificial intelligence and cloud computing [1] Company Highlights - Quanta Services, Inc. (NYSE:PWR) was noted for its engineering and construction services in utilities and energy infrastructure, achieving a one-month return of 12.28% [2] - The stock of Quanta Services, Inc. traded between $227.08 and $524.08 over the past 52 weeks, closing at approximately $515.88 on February 13, 2026, with a market capitalization of about $78.15 billion [2] - The fund is expanding its focus on energy supply, including companies like Quanta Services, which supports power demand through transmission and distribution initiatives [3]