Sustainable Growth Advisers released its Q3 investor letter for its Global Growth Strategy, reporting a -2.3% (Gross) and -2.5% (Net) return, lagging behind MSCI ACWI’s 7.6% return. SGA invests in high-quality growth businesses with stable revenue and cash flow, focusing on mid-teens earnings growth. Check out the fund’s top five holdings for 2025.

UnitedHealth Group, highlighted in SGA’s Q3 letter, saw a 3.95% one-month return with shares down 34.51% in the last 52 weeks. On January 2, 2026, UNH stock closed at $336.40 per share, with a market cap of $304.724 billion. SGA maintained its UNH position through underwriting challenges, adding shares on price weakness.

UNH ranks 18th in the 30 Most Popular Stocks Among Hedge Funds, with 140 portfolios holding the stock in Q3. The company’s Q3 revenues surpassed $113 billion, growing 12% YoY from domestic membership expansion. While UNH is a solid investment, AI stocks may offer more upside potential with lower downside risk.

Read more at Yahoo Finance: SGA Global Growth Strategy Maintained Its Stake in UnitedHealth (UNH)