23 hours ago
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Soumya Eswaran
Tue, December 30, 2025 astatine 5:58 AM CST 3 min read
TCW funds, an concern absorption company, released its “TCW Concentrated Large Cap Growth Fund” third-quarter 2025 capitalist letter. A transcript of the missive tin be downloaded here. Equity markets continued their rally successful the 3rd quarter, driven by continued optimism astir AI investments and affirmative firm earnings. Against this backdrop, the money (I share) returned +4.11% successful the 4th compared to +10.51% for the Russell 1000 Growth Index. In addition, delight cheque the fund’s apical 5 holdings to cognize its champion picks successful 2025.
In its third-quarter 2025 capitalist letter, TCW Concentrated Large Cap Growth Fund highlighted stocks specified arsenic Alphabet Inc. (NASDAQ:GOOG). Alphabet Inc. (NASDAQ:GOOG), the genitor institution of Google, offers assorted platforms and services operating done Google Services, Google Cloud, and Other Bets segments. The one-month instrumentality for Alphabet Inc. (NASDAQ:GOOG) was -0.52%, and its shares gained 65.09% implicit the past 52 weeks. On December 29, 2025, Alphabet Inc. (NASDAQ:GOOG) banal closed astatine $314.39 per share, with a marketplace capitalization of $3.795 trillion.
TCW Concentrated Large Cap Growth Fund stated the pursuing regarding Alphabet Inc. (NASDAQ:GOOG) successful its 3rd 4th 2025 capitalist letter:
"Our strongest show during the 4th came from the connection services and accusation exertion sectors. Shares of Alphabet Inc. (NASDAQ:GOOG) (GOOG; 6.33%**) moved higher aft a U.S. District Court Judge delivered a determination regarding successful the remedies signifier of the proceedings that Google violated Section 2 of the Sherman Act by maintaining monopolies specifically successful wide hunt services and wide hunt substance ads. Most importantly, the institution volition not beryllium forced to merchantability Chrome oregon Android. The institution is nary longer allowed to person exclusive contracts for Search, Chrome, Assistant oregon Gemini, but the institution volition beryllium allowed to marque payments to organisation partners for default placement (i.e., AAPL†). Additionally, with regards to sharing data, the institution volition person to marque definite hunt scale and user-interaction information disposable to definite qualified competitors. We judge this result volition enactment arsenic a affirmative clearing lawsuit for the institution arsenic the verdict was overmuch much benign than the draconian scenarios speculated by immoderate investors. Meanwhile, the company’s fundamentals stay solid: implicit 2 cardinal users are utilizing AI overviews each month, Gemini present has 450 cardinal MAUs (Monthly Active Users), and the institution is processing much than 980 trillion tokens monthly (more than 2x from 4 months ago). We stay affirmative connected shares."
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