Munro Global Growth Fund’s fourth-quarter 2025 investor letter reported a -0.7% return in December. The Fund’s long positions boosted performance, while short positions and currencies detracted. US markets, including the S&P 500 and Nasdaq, performed well. Top holding Alphabet Inc. (NASDAQ:GOOG) saw a 12.83% one-month return and has a market cap of $4.06 trillion.

Alphabet Inc. (NASDAQ:GOOG) was the top contributor to Munro Global Growth Fund’s performance in Q4. The tech company’s stock surged after impressive Q3 earnings. Google’s search revenue growth exceeded expectations, and its Cloud segment showed strong results. The Fund sees Alphabet as undervalued, with potential for further growth driven by AI leadership.

Alphabet Inc. (NASDAQ:GOOG) achieved its first-ever $100 billion in revenue in Q3 2025. While the company offers investment potential, Munro Global Growth Fund believes other AI stocks may have greater upside with less risk. The Fund emphasizes an undervalued AI stock benefiting from tariffs and onshoring trends. Google is the 7th most popular stock among hedge funds.

For more information on the best long-term growth stocks to buy according to hedge funds, including Alphabet Inc. (NASDAQ:GOOG), check out Insider Monkey’s articles. The site also offers insights from hedge fund investor letters for Q4 2025. Explore the best and worst Dow stocks for the next 12 months and 10 unstoppable stocks that could double your money for further investment opportunities.

Read more at Yahoo Finance: A confluence of Factors Lifted Alphabet (GOOG) in Q4