Sands Capital, an funding administration firm, launched its “Sands Capital Choose Development Technique” Q2 2025 investor letter. A replica of the letter may be downloaded here. U.S. large-cap progress equities recovered from a pointy sell-off in early April by delivering robust returns within the second quarter. The quarterly efficiency was pushed by muted inflation, robust company earnings, and enhancing sentiment round synthetic intelligence (AI) and world commerce. The portfolio returned 27.7% within the quarter, outperforming the benchmark Russell 1000 Development Index’s 17.8% acquire. You possibly can verify the fund’s high 5 holdings to know extra about its greatest picks for 2025.
In its second-quarter 2025 investor letter, Sands Capital Choose Development Technique highlighted shares similar to Arthur J. Gallagher & Co. (NYSE:AJG). Arthur J. Gallagher & Co. (NYSE:AJG) offers insurance coverage and reinsurance brokerage, consulting, and third-party property/casualty claims settlement and administration companies. The one-month return of Arthur J. Gallagher & Co. (NYSE:AJG) was -3.85%, and its shares misplaced 2.21% of their worth over the past 52 weeks. On September 15, 2025, Arthur J. Gallagher & Co. (NYSE:AJG) inventory closed at $289.40 per share, with a market capitalization of $74.191 billion.
Sands Capital Choose Development Technique said the next concerning Arthur J. Gallagher & Co. (NYSE:AJG) in its second quarter 2025 investor letter:
“Arthur J. Gallagher & Co. (NYSE:AJG) is the biggest middle-market business insurance coverage dealer in america by income. Industrial property fee declines weighed on AJG’s share value through the quarter, regardless of the corporate’s robust underlying efficiency. Charges fell 5 p.c 12 months over 12 months in June, creating modest headwinds, although AJG’s enterprise tends to have a pure offset from increased buy volumes in softer pricing environments. This dynamic, together with a benign disaster season up to now, explains the near-term reset in expectations. Nonetheless, the corporate delivered natural progress of 9.5 p.c, outperforming friends on the again of robust execution in its brokerage section and well-timed reinsurance placements. AJG additionally continued to scale its acquisition technique, closing roughly $400 million in offers 12 months so far and sustaining momentum forward of its deliberate AssuredPartners acquisition.
