Sustainable Growth Advisers (SGA) released its Q3 investor letter for its U.S. Large Cap Growth Strategy, with a -1.3% (Gross) and -1.4% (Net) return. The market leadership was adverse for SGA in Q3, with lower-quality stocks outperforming. Check the fund’s top five holdings for 2025’s best picks.

Alphabet Inc. (NASDAQ:GOOG) was highlighted in SGA’s Q3 2025 investor letter, with a one-month return of -1.44% and shares gaining 64.61% over 52 weeks. On December 31, 2025, GOOG closed at $313.80 per share with a market cap of $3.78 trillion.

Alphabet Inc. (NASDAQ:GOOG) was a contributor in Q3, with a favorable antitrust outcome and strong Q2 results. The company’s leadership in AI, search, and cloud is translating into financial results, with management increasing the CapEx budget for further innovation. SGA raised the position target to an average weight for GOOG.

Alphabet Inc. (NASDAQ:GOOG) achieved its first-ever $100 billion in revenue in Q3 2025. While acknowledging its potential as an investment, certain AI stocks offer greater upside potential. Check out the article for a list of best performing quantum computing stocks in 2025.

For more on Alphabet Inc. (NASDAQ:GOOG) and hedge fund investor letters from Q3 2025, visit the provided links. Check out the Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money for further insights.

Read more at Yahoo Finance: What Makes Alphabet (GOOG) a Compelling Long-Term Bet?