Aristotle Funds, an investment advisor, released its “Growth Equity Fund” fourth-quarter 2025 investor letter. A copy of the letter can be downloaded here. U.S. equity markets reached new all-time highs in Q4 2025, with the S&P 500 Index rising 2.66% and the Bloomberg U.S. Aggregate Bond Index increasing by 1.10%. Within the Russell 1000 Growth Index, healthcare, communication services, and financials were the top-performing sectors, while utilities, real estate, and materials lagged. The U.S. economy show ...

Core Insights - Munro Global Growth Fund reported a return of -0.7% for the December quarter of 2025, with long positions contributing positively while short positions, hedging, and currencies detracted from performance [1] - The global equity markets performed well in 2025, with the S&P 500 and Nasdaq increasing by 2.4% and 2.3% respectively during the quarter [1] Company Performance - Oracle Corporation (NYSE:ORCL) was highlighted as a key detractor from the Fund's performance, with its stock experiencing a one-month return of 7.54% and a 52-week gain of 21.36% [2] - Oracle's stock closed at $193.61 on January 14, 2026, with a market capitalization of $556.267 billion [2] - Concerns arose regarding Oracle's ability to fund its aggressive spending plans, particularly due to its close ties with OpenAI, which is currently generating limited revenue compared to its spending plans [3] Financial Metrics - In the second quarter of fiscal 2026, Oracle reported total revenues of $16.1 billion, reflecting a 14% increase compared to the same quarter last year [4] - Despite Oracle's potential, the analysis suggests that certain AI stocks may offer greater upside potential with less downside risk [4]