News Summary

• RiverPark Advisors, an investment advisory firm and sponsor of the RiverPark family of mutual funds, released its “RiverPark Large Growth Fund’ Q3 2025 investor letter.
• U.S. equity markets recorded strong gains in the third quarter, with the S&P 500 Total Return Index rising 8.12% and the Russell 1000 Growth Index returning 10.51%.
• The fund also surged in the quarter and returned 4.73%.
• Market leadership was narrow, with a few mega-cap tech and consumer companies thriving on strong AI innovation.
• Information Technology, Consumer Discretionary, and Communication Services led sector performance, while Energy and Utilities lagged.