Here’s why Alphabet (GOOG) is on the Detractors’ list of Impax US Sustainable Economy Fund

5 days ago 7

Soumya Eswaran

Wed, January 7, 2026 astatine 8:05 AM CST 3 min read

Impax Asset Management, an concern absorption company, released its “Impax US Sustainable Economy Fund” third-quarter 2025 capitalist letter. A transcript of the missive tin beryllium downloaded here. In Q3 2025, the portfolio lagged down the Russell 1000. Similar to the 2nd quarter, the US equity markets favored a risk-on approach, benefiting high-risk, high-momentum, and lower-quality factors. Although the portfolio’s absorption connected comparatively modest, lower-risk, and high-quality factors contributed to the underperformance, the money (Institutional Class) returned 7.33% successful Q3 compared to 7.99% for the Index. In addition, you tin cheque the fund’s apical 5 holdings to find its champion picks for 2025.

In its third-quarter 2025 capitalist letter, Impax US Sustainable Economy 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. On January 6, 2026, Alphabet Inc. (NASDAQ:GOOG) banal closed astatine $314.55 per share. One-month instrumentality of Alphabet Inc. (NASDAQ:GOOG) was -2.01%, and its shares gained 60.99% of their worth implicit the past 52 weeks. Alphabet Inc. (NASDAQ:GOOG) has a marketplace capitalization of $3.797 trillion.

Impax US Sustainable Economy Fund stated the pursuing regarding Alphabet Inc. (NASDAQ:GOOG) successful its 3rd 4th 2025 capitalist letter:

"Alphabet Inc. (NASDAQ:GOOG) (Communication Services, Interactive Media & Services), an underweight successful the portfolio, marked its strongest quarterly summation successful astir 2 decades, driven by a premix of AI related services and innovation, beardown fiscal results, and regulatory relief. The institution delivered mid-teens gross maturation successful the quarter, with unreality maturation and important backlogs demonstrating continued request for unreality services. The banal besides benefitted from the better-than-expected regulatory alleviation arsenic the courts rejected the harshest remedies laid retired by the US Department of Justice."

Alphabet Inc. (NASDAQ:GOOG) is successful the 7th presumption connected our database of 30 Most Popular Stocks Among Hedge Funds. As per our database, 186 hedge money portfolios held Alphabet Inc. (NASDAQ:GOOG) astatine the extremity of the 3rd 4th which was 178 successful the erstwhile quarter. In the 3rd 4th of 2025, Alphabet Inc. (NASDAQ: GOOG) achieved its first-ever $100 cardinal successful revenue. While we admit the imaginable of Alphabet Inc. (NASDAQ:GOOG) arsenic an investment, we judge definite AI stocks connection greater upside imaginable and transportation little downside risk. If you're looking for an highly undervalued AI banal that besides stands to payment importantly from Trump-era tariffs and the onshoring trend, spot our escaped study connected the best short-term AI stock.