Macquarie Asset Management released its investor letter for the third quarter of 2025, citing record gains in equity indexes led by AI-themed stocks. The fund delivered positive returns but lagged behind the Russell 1000 Growth Index benchmark due to an unfavorable market environment and missteps.

In the same quarter, Macquarie Large Cap Growth Fund highlighted Meta Platforms, Inc. (NASDAQ:META), a technology company connecting people. Despite a one-month return of -8.65%, shares gained 22.86% in the last 52 weeks, closing at $708.65 per share with a market capitalization of $1.78 trillion on October 14, 2025.

In its investor letter, Macquarie Large Cap Growth Fund discussed Meta Platforms, Inc. (NASDAQ:META) as a new underweight position in the portfolio. Recognizing its quality characteristics, the fund sees valuation and quality hurdles to clear before becoming a full position due to risk management challenges relative to the benchmark.

Meta Platforms, Inc. (NASDAQ:META) ranks third among the 30 Most Popular Stocks Among Hedge Funds, with 260 hedge fund portfolios holding shares at the end of the second quarter. The company reported revenue of $47.5 billion in the second quarter of 2025, with a 22% increase in reported and constant currency. Despite its potential, the fund sees greater upside potential and less downside risk in certain AI stocks.

Read more at Yahoo Finance: Macquarie Large Cap Growth Fund’s Views on Meta Platforms (META)