RiverPark Advisors, an investment advisory firm and sponsor of the RiverPark family of mutual funds, recently released its Q3 2025 investor letter for the RiverPark Large Growth Fund. The letter highlighted the strong performance of U.S. equity markets 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 RiverPark Large Growth Fund also saw impressive gains, returning 4.73% in the quarter.
Market leadership was narrow during the quarter, with a few mega-cap tech and consumer companies driving strong AI innovation. The Information Technology, Consumer Discretionary, and Communication Services sectors led performance, while Energy and Utilities lagged behind. Investors can review the fund’s top five holdings to gain insight into its best picks for 2025.
One of the stocks highlighted in the investor letter was Intuit Inc. (NASDAQ:INTU). Intuit offers financial management and compliance products and services. The stock had a one-month return of -4.30% and had gained 0.28% over the last 52 weeks. As of November 17, 2025, Intuit Inc. stock closed at $645.98 per share, with a market capitalization of $180.194 billion.
In the investor letter, RiverPark Large Growth Fund noted that Intuit Inc. shares underperformed during the quarter due to investors rotating out of software names and management guidance coming in below expectations. The company’s core businesses, TurboTax and QuickBooks, continued to grow but at a slower pace, with incremental investment in AI and product integration temporarily weighing on margins.
While Intuit Inc. is not among the 30 most popular stocks among hedge funds, 105 hedge fund portfolios held the stock at the end of the second quarter. In the fiscal fourth quarter of 2025, Intuit reported revenue of $3.8 billion, a 20% year-over-year increase. While Intuit has potential as an investment, RiverPark Advisors believes that certain AI stocks offer greater upside potential with less downside risk.
For investors seeking an undervalued AI stock that could benefit from Trump-era tariffs and the onshoring trend, RiverPark Advisors recommends checking out their free report on the best short-term AI stock. With a focus on identifying opportunities in the ever-evolving market, RiverPark Advisors continues to provide valuable insights for investors looking to capitalize on emerging trends and technologies.
