Sands Capital Technology Innovators Fund’s Q4 2025 investor letter highlighted significant challenges but also strategic opportunities. Despite mixed performance driven by a narrow group of large-cap growth stocks and pressure on high-valuation innovation names, the fund maintained a long-term investment horizon. Quanta Services, Inc. (NYSE: PWR) was specifically mentioned as a key holding poised to benefit from increasing power demand and expanding energy infrastructure investments.
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Quanta Services (PWR) Positioned to Benefit From Rising Power Infrastructure Investment
Sands Capital Technology Innovators Fund’s Q4 2025 investor letter highlighted significant challenges but also strategic opportunities. Despite mixed performance driven by a narrow group of large-cap growth stocks and pressure on high-valuation innovation names, the fund maintained a long-term investment horizon. Quanta Services, Inc. (NYSE: PWR) was specifically mentioned as a key holding poised to benefit from increasing power demand and expanding energy infrastructure investments.