RiverPark Large Growth Fund: 2025 Q3 Performance

RiverPark Advisors, an investment advisory firm and the sponsor of the RiverPark family of investment funds, has published the "RiverPark Big Growth Fund" third quarter investor letter for 2025. The U.S. stock markets experienced strong gains in the third quarter; the S&P 500 Total Return Index rose by %8.12, while the Russell 1000 Growth Index increased by %10.51. The fund also saw a rise of %4.73 during the quarter. Market leadership occurred with a narrow focus on only a few mega-scale technology and consumer companies that excelled with strong artificial intelligence innovations. The Information Technology, Consumer Discretionary, and Communication Services sectors led performance, while Energy and Utilities lagged behind.

The investor letter highlighted stocks such as Taiwan Semiconductor Manufacturing Company (NYSE: TSM). Taiwan Semiconductor Manufacturing Company (NYSE: TSM) is a company that manufactures, packages, tests, and sells integrated circuits and other semiconductor devices. While the company's one-month return was % -4.24, its shares gained %48.68 over the past 52 weeks. On November 17, 2025, Taiwan Semiconductor Manufacturing Company (NYSE: TSM) shares closed at $282.01 per share, with a market capitalization of $1.463 trillion.

In the third quarter 2025 investor letter of the RiverPark Big Growth Fund, they stated the following about Taiwan Semiconductor Manufacturing Company (NYSE: TSM): "Taiwan Semiconductor Manufacturing Company (NYSE: TSM): Shares rose following strong third quarter results and a positive outlook. The company generated approximately $32 billion in revenue, driven by robust demand for advanced 3-nanometer and 2-nanometer process technologies. Gross profit margins were %59.5, and operating margins were %50.6, reflecting TSM's unique efficiency and scale despite cost pressures in the industry. Investor sentiment improved as artificial intelligence-driven semiconductor demand compensated for weaknesses in traditional cores."

Taiwan Semiconductor Manufacturing Company (NYSE: TSM) ranks 9th in our list of the 30 most popular stocks. According to our database, at the end of the second quarter, 187 hedge fund portfolios held shares of Taiwan Semiconductor Manufacturing Company (NYSE: TSM), the same number as in the previous quarter. In the third quarter of 2025, Taiwan Semiconductor Manufacturing Company (NYSE: TSM) revenues increased by %6 in NT terms. We view Taiwan Semiconductor Manufacturing Company (NYSE: TSM) as an investment, but believe that some artificial intelligence stocks have higher return potential and lower risk. If you are looking for a very low-valued AI stock that could benefit from tariff advantages during the Trump era and has significant value potential, check out our free report on the best short-term AI stocks."

In another article, we provided detailed information about Taiwan Semiconductor Manufacturing Company (NYSE: TSM) and shared the best aggressive growth stocks to buy. You can also find more information by reviewing our hedge fund investor letter pages.