Sands Capital released its Q3 2025 investor letter, showing a 6.3% net return for its “Sands Capital Select Growth Strategy” portfolio. U.S. large-cap growth equities saw gains driven by strong corporate earnings, AI enthusiasm, and Fed policy expectations, although it underperformed the benchmark’s 10.5% gain in the quarter.

In the investor letter, Sands Capital highlighted Netflix, Inc. (NFLX) as a key stock, with shares showing a one-month return of -3.55% and a 20.98% gain over the last 52 weeks. On November 26, 2025, NFLX stock closed at $106.14 per share, with a market cap of $449.749 billion.

Sands Capital’s investor letter noted Netflix, Inc. (NFLX) as the world’s largest streaming video content producer, with strong fundamentals despite a decline in shares in Q3 2025. The company raised full-year revenue and operating margin guidance, signaling continued growth potential. Analysts see Netflix as a solid investment but suggest other AI stocks may offer better returns with less risk.

Read more at Yahoo Finance: Netflix (NFLX) Declined in Q3 on Profit Taking