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| Quarter | Letter Date | Fund Name | QTD | YTD | Tickers | Themes | Quick Take |
|---|---|---|---|---|---|---|---|
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"Edgewood returned a strong 15.9% net in Q2 2025, actively shifting capital into high-conviction ideas (BSX, AVGO, FICO) while exiting ADBE and CMG."
In Q2 2025, Edgewood Management's Large Cap Growth Composite returned 15.9% net, outperforming the S&P 500 (10.9%) and slightly trailing the Russell 1000 Growth Index (17.8%). Edgewood utilized market volatility to introduce three new additions to the portfolio: Boston Scientific (BSX), Broadcom (AVGO), and Fair Isaac Corp. (FICO). These positions were funded by exiting positions in Adobe (ADBE) and Chipotle (CMG), alongside small trims in Netflix and NVIDIA. The firm remains highly constructive on secular trends such as AI spending and medical technology innovation, while expecting overall portfolio turnover to decrease in the coming quarters.
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Algorithmic conviction, macroeconomic posture, and risk appetite signals extracted from this quarterly letter with qualitative explanations.
Market Conviction
High-conviction positioning: Edgewood returned a strong 15.9% net in Q2 2025, actively shifting capital into high-conviction ideas (BSX, AVGO, FICO) while exiting ADBE and CMG....
Growth Outlook
Market outlook remains above average conviction: Edgewood returned a strong 15.9% net in Q2 2025, actively shifting capital into high-conviction ideas (BSX, AVGO, FICO) while exiting ADBE and CMG....
Risk Appetite
Risk appetite posture is above average conviction: Edgewood returned a strong 15.9% net in Q2 2025, actively shifting capital into high-conviction ideas (BSX, AVGO, FICO) while exiting ADBE and CMG....
Capital Deployment
Manager actively deployed capital into high-conviction opportunities. Edgewood returned a strong 15.9% net in Q2 2025, actively shifting capital into high-conviction ideas (BSX, AVGO, FICO) while exiting ADBE and CMG....
Forward Guidance
Forward guidance signal: Edgewood returned a strong 15.9% net in Q2 2025, actively shifting capital into high-conviction ideas (BSX, AVGO, FICO) while exiting ADBE and CMG....
Language Signal
Tone analysis indicates above average conviction language: Edgewood returned a strong 15.9% net in Q2 2025, actively shifting capital into high-conviction ideas (BSX, AVGO, FICO) while exiting ADBE and CMG....
Perceived Risk
Perceived risk level is evaluated as moderate conviction. Edgewood returned a strong 15.9% net in Q2 2025, actively shifting capital into high-conviction ideas (BSX, AVGO, FICO) while exiting ADBE and CMG....
Opportunity Density
Opportunity density index indicates above average conviction actionable entry points. Edgewood returned a strong 15.9% net in Q2 2025, actively shifting capital into high-conviction ideas (BSX, AVGO, FICO) while exiting ADBE and CMG....
Time Horizon
Investment time horizon reflects a high conviction orientation. Edgewood returned a strong 15.9% net in Q2 2025, actively shifting capital into high-conviction ideas (BSX, AVGO, FICO) while exiting ADBE and CMG....
