Meridian Funds, managed by ArrowMark Partners, released its “Meridian Growth Fund” third-quarter 2025 investor letter. Equities hit a record high, fueled by tech gains and falling bond yields. Large tech stocks benefited from easing tariff rhetoric and renewed AI investments. The fund returned -1.78% compared to the Russell 2500 Growth Index’s 10.73% return.

In Q3 2025, Meridian Growth Fund highlighted Align Technology, Inc. (NASDAQ: ALGN). The company designs Invisalign clear aligners and iTero scanners. ALGN stock had a one-month return of 6.25% and lost 37.14% over the last 52 weeks. On November 28, 2025, ALGN stock closed at $147.19 per share, with a market cap of $10.669 billion.

Meridian Growth Fund discussed Align Technology, Inc. (NASDAQ: ALGN) in its Q3 2025 investor letter. ALGN is known for its dental technology and Invisalign clear aligners. The stock underperformed due to softer patient conversion rates and market share losses. Amid a weaker dental procedures backdrop, Meridian trimmed its ALGN position.

Read more at Yahoo Finance: Align Technology (ALGN) Slid as Demand Rebound Expectations Fell Short