RiverPark Large Growth Fund: Q3 2025 Performance

RiverPark Advisors, an investment advisory firm and the sponsor of the RiverPark family of investment funds, published the "RiverPark Big Growth Fund" investor letter for the third quarter of 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, as only a few mega-scale technology and consumer companies succeeded through strong artificial intelligence innovation. The Information Technology, Consumer Needs, and Communication Services sectors performed well, while Energy and Utilities lagged behind.

In the investor letter, stocks like Taiwan Semiconductor Manufacturing Company (NYSE: TSM) stood out. Taiwan Semiconductor Manufacturing Company (NYSE: TSM) is a company that manufactures, packages, tests, and sells integrated circuits and other semiconductor devices. The company's one-month return was % -4.24, while its shares gained %48.68 over the last 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 of 2025 investor letter of the RiverPark Big Growth Fund, the company stated the following about Taiwan Semiconductor Manufacturing Company (NYSE: TSM): "Taiwan Semiconductor Manufacturing Company (NYSE: TSM): Shares rose after strong third-quarter results and positive outlook. The company generated approximately $32 billion in revenue due to strong 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. The demand for semiconductors tied to artificial intelligence improved investor sentiment, compensating for weaknesses in traditional cores."

Taiwan Semiconductor Manufacturing Company (NYSE: TSM) ranks 9th on our list of the 30 most popular stocks. According to our database, at the end of the second quarter, 187 hedge fund portfolios held Taiwan Semiconductor Manufacturing Company (NYSE: TSM) shares, the same number as the previous quarter. In the third quarter of 2025, Taiwan Semiconductor Manufacturing Company (NYSE: TSM) revenues increased by %6 in NT terms. We consider Taiwan Semiconductor Manufacturing Company (NYSE: TSM) as an investment; however, we believe that some artificial intelligence stocks have higher return potential and lower risk. If you are looking for a very undervalued AI stock that can benefit from tariff advantages from 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. Additionally, you can find more information by reviewing our hedge fund investor letter pages.