Reported 15 days ago
The Macquarie Large Cap Growth Fund's third-quarter 2025 investor letter highlights Vulcan Materials Company (VMC), a major US construction aggregates producer, which has seen a significant stock increase of 20.50% over the last year. The fund notes Vulcan’s strong market position and pricing power due to ongoing infrastructure projects, although the company is not among the top 30 favorite hedge fund investments. While Vulcan's potential is acknowledged, alternative investments in AI stocks are seen as offering greater upside.
Source: YAHOO