RiverPark Advisors released its Q3 2025 investor letter, showing strong gains in U.S. equity markets. The RiverPark Large Growth Fund returned 4.73%, with tech and consumer companies leading the market. Information Technology, Consumer Discretionary, and Communication Services outperformed, while Energy and Utilities lagged. Check the fund’s top five holdings for insights.

In its Q3 2025 investor letter, RiverPark Large Growth Fund highlighted Alphabet Inc. (NASDAQ:GOOG). The tech giant saw a 13.63% one-month return and gained 59.04% in the last 52 weeks. On November 17, 2025, GOOG closed at $285.60 per share with a market cap of $3.448 trillion, ranking 7th among 30 most popular stocks among hedge funds.

Alphabet Inc. (NASDAQ:GOOG) was the top contributor to the RiverPark Large Growth Fund in Q3 2025. Its accelerating momentum in core Search and YouTube, along with AI initiatives, drove revenue near $100 billion. Regulatory easing and high-quality technology platforms also boosted investor enthusiasm. The stock gained from cost discipline and generative-AI tools integration.

Alphabet Inc. (NASDAQ:GOOG) achieved its first-ever $100 billion in revenue in Q3 2025, with 178 hedge fund portfolios holding the stock. While acknowledging its potential, RiverPark Advisors sees greater upside potential in certain AI stocks with less downside risk. Investors seeking undervalued AI stocks can explore the free report on the best short-term AI stock.

Read more at Yahoo Finance: Increased Momentum in the Core Businesses Lifted Alphabet (GOOG) in Q3