- Sector
- Financial Services
- Industry
- Asset Management
- Address
- Milwaukee, WI 53202 Milwaukee WI United States of America 53202
- IPO Date
- Apr 27, 2015
- Business
- Bridge Builder Large Cap Growth Fund (BBGLX) is an open-end mutual fund that seeks capital appreciation by investing at least 80% of its net assets in equity securities of large capitalization companies, defined as those within the market capitalization range of the Russell 1000 Growth Index, as well as related instruments including American Depositary Receipts and other investment companies tracking such securities. The fund employs a multi-manager strategy, allocating assets among sub-advisers such as BlackRock, William Blair, and others, with key portfolio managers including Blair Boyer, Kathleen McCarragher, Andrew Lacey, Jennifer Hsui, and recently added managers like Jon Friar and Tucker Brown as of early 2025. Its portfolio is heavily weighted toward growth-oriented sectors, with top holdings including Microsoft Corp (8.92%), Apple Inc (8.11%), NVIDIA Corp (7.91%), Amazon.com Inc (5.97%), and Broadcom Inc (4.38%), representing technology (38.87%), consumer cyclical (12.84%), and communication services (12.05%) as leading exposures.
Part of Bridge Builder Trust, a U.S.-domiciled open-end investment company incorporated in Delaware, the fund was launched on April 27, 2015, and is advised by Olive Street Investment Advisers, LLC, with administrative operations linked to St. Louis, Missouri. It targets institutional and retail investors seeking large growth equity exposure, with total net assets of approximately $26.78 billion, a low net expense ratio of 0.18%, no front-end or deferred loads, and daily pricing available primarily in the United States. Geographic focus remains predominantly U.S. equities (93.48%), with minor non-U.S. stock allocations (3.86%).
Recent developments include portfolio adjustments with new positions in The Cooper Companies, Inc., Labcorp Holdings Inc., First Solar, Inc., GE Vernova Inc., and Flutter Entertainment plc, reflecting strategic expansions into healthcare, renewables, and entertainment growth sectors as of mid-2025. Manager enhancements feature the addition of Janice Davies in April 2024, Taymour Tamaddon in November 2024, Jon Friar in January 2025, and Tucker Brown in April 2025, bolstering the sub-advisory teams amid sustained assets under management growth. The fund continues to maintain its multi-manager framework without reported acquisitions, mergers, or major reorganizations in the last 1-2 years.