Core Insights - Renaissance Investment Management's Q3 2025 "Large Cap Growth Strategy" investor letter indicates that stock prices rallied, with the S&P 500 reaching all-time highs in September, while the strategy underperformed both the Russell 1000 Growth and the S&P 500 [1] Group 1: Performance Overview - The Russell 1000 Growth returned 10.5% and the S&P 500 returned 8.1% in Q3 2025 [1] - Cintas Corporation (NASDAQ:CTAS) experienced a one-month return of -7.47% and a 52-week loss of 9.55% [2] - Cintas Corporation's stock closed at $188.68 per share on October 27, 2025, with a market capitalization of $75.824 billion [2] Group 2: Cintas Corporation Analysis - Renaissance sold its long-term position in Cintas Corporation due to deteriorating fundamental factors, despite previous revenue growth and margin expansion [3] - The investment thesis for Cintas has been realized, but recent deceleration in revenue growth and peak margin expansion led to the decision to sell [3] - The company faces potential weaker demand in the near to intermediate term, influenced by a deteriorating employment environment [3] Group 3: Market Sentiment and Comparisons - Cintas Corporation is not among the 30 Most Popular Stocks Among Hedge Funds, with 57 hedge fund portfolios holding the stock at the end of Q2 2025 [4] - In Q1 of fiscal 2026, Cintas Corporation's total revenue grew by 8.7% to $2.72 billion [4] - The potential of Cintas as an investment is acknowledged, but certain AI stocks are viewed as having greater upside potential and less downside risk [4]