Polen Capital’s “Polen U.S. SMID Cap Growth Strategy” Q3 2025 investor letter reported a 14.8% gross and 14.4% net return, outperforming the Russell 2500 Growth Index at 10.7%. The top 5 holdings offer insight into the best picks for 2025. Astera Labs, Inc. (NASDAQ:ALAB) was highlighted in the letter for its performance.

Astera Labs, Inc. (NASDAQ:ALAB) saw a one-month return of -16.73% and a 32.14% increase over the past 52 weeks, closing at $141.95 per share on November 21, 2025, with a market cap of $23.976 billion. Polen U.S. SMID Cap Growth Strategy noted Astera Labs as a significant detractor in its Q3 2025 investor letter.

Astera Labs, Inc. (NASDAQ:ALAB) was not among the 30 most popular stocks among hedge funds but was held by 56 hedge fund portfolios in Q2 2025, up from 45 in the previous quarter. In Q3 2025, the company reported revenue of $230.6 million, up 20% from the prior quarter and 104% from Q3 2024.

Artisan Small Cap Fund shared its views on Astera Labs, Inc. (NASDAQ:ALAB) in a recent article. For more investor letters from hedge funds and leading investors, visit the hedge fund investor letters Q3 2025 page.

Read more at Yahoo Finance: Here’s Why Astera Labs (ALAB) is on Detectors’ List of Polen U.S. SMID Cap Growth Strategy