Core Insights - Impax US Sustainable Economy Fund underperformed the Russell 1000 in Q3 2025, returning 7.33% compared to the index's 7.99% due to a focus on lower-risk, high-quality factors [1] - The fund's top holdings include Broadcom Inc. (NASDAQ:AVGO), which has shown significant performance fluctuations [2][3] Fund Performance - The portfolio's performance was impacted by a risk-on market environment favoring high-risk and high-momentum stocks [1] - The fund's Institutional Class returned 7.33% in Q3 2025, lagging behind the Russell 1000's return of 7.99% [1] Broadcom Inc. (NASDAQ:AVGO) Insights - Broadcom Inc. experienced a one-month return of -16.76% but gained 49.91% over the last 52 weeks, closing at $343.77 per share with a market capitalization of $1.63 trillion on January 6, 2026 [2] - The company performed well due to record earnings and high demand for AI semiconductor solutions, bolstered by investor confidence in its leadership in custom AI accelerators and successful VMware integration [3] - Broadcom is primarily held for its exposure to themes such as Resource Efficiency, Digital Infrastructure, and Meeting Basic Needs, as semiconductors are essential for various everyday activities [3] Hedge Fund Interest - Broadcom Inc. ranks 12th among the 30 Most Popular Stocks Among Hedge Funds, with 183 hedge fund portfolios holding its stock at the end of Q3, up from 156 in the previous quarter [4] - While Broadcom is recognized for its potential, some analysts suggest that certain AI stocks may offer greater upside potential with less downside risk [4]