From Yahoo Finance: 2025-05-27 10:02:00

Loomis Sayles released its Global Growth Fund investor letter for the first quarter of 2025, showing a return of -3.35% compared to -1.32% for the MSCI ACWI Net Index. The fund’s positive performance was attributed to stock selection in consumer staples, communication services, and healthcare sectors, as well as allocations to information technology and healthcare sectors. Alphabet Inc. (NASDAQ: GOOG), parent company of Google, was highlighted in the letter with a one-month return of 3.50% and a closing stock price of $169.59 on May 23, 2025. In the first quarter of 2025, Alphabet Inc. achieved a revenue of $90.2 billion, representing a 12% increase. Hedge funds’ interest in Alphabet Inc. decreased slightly in the first quarter, with 164 portfolios holding the stock.

Alphabet Inc. (NASDAQ: GOOG) is a dominant player in the online search and advertising market, with Google leading the way in search and cloud solutions. The company’s stock price faced challenges in the first quarter of 2025 due to market shifts away from AI leaders. Despite this, Alphabet Inc. remains a solid investment option with promising potential. Weitz Multi-Cap Equity Fund and ClearBridge Large Cap Value Strategy shared their perspectives on Alphabet Inc. in their investor letters for the first quarter of 2025. For more insights on hedge fund investor letters and stock analysis, visit Insider Monkey.



Read more at Yahoo Finance: Here’s Why Alphabet (GOOG) is on Detractors’ List of Loomis Sayles Global Growth Fund