Hardman Johnston Global Advisors released its Q3 2025 investor letter, reporting a 5.02% return, below the MSCI AC World Net Index at 7.62%. The letter highlights The Estée Lauder Companies Inc. (NYSE:EL), a global beauty manufacturer whose stock gained 45.10% in the past year. The company closed at $107.65 per share on December 26, 2025.

In the same investor letter, Hardman Johnston Global Equity Strategy discussed its new positions in The Estée Lauder Companies Inc. (NYSE:EL), STMicroelectronics NV, and Prysmian S.P.A. The beauty industry is growing steadily, with luxury beauty outpacing the market. Estée Lauder’s strategic restructuring is improving margins and market share, setting the stage for strong earnings growth.

The Estée Lauder Companies Inc. (NYSE:EL) saw a 3% increase in net sales in Q3 2025, driven by fragrance and skincare growth. Despite being a popular hedge fund stock, some AI stocks are seen as offering better potential. Investors seeking undervalued AI stocks should consider companies benefiting from Trump-era tariffs and onshoring trends.

Read more at Yahoo Finance: What Makes Estee Lauder Companies (EL) an Investment Bet?