Edgewood Growth Fund
EGFFX
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ROIC.AI
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- Edgewood Growth Fund (EGFFX) is a no-load growth equity mutual fund that seeks long-term capital growth by investing primarily in a concentrated portfolio of 15 to 35 equity securities, including common stocks and sponsored American Depositary Receipts (ADRs), with a bias toward large-capitalization issuers exceeding $10 billion in market capitalization, though it may also include small- ($100 million to $4 billion) and medium-capitalization ($4 billion to $10 billion) companies; the fund is non-diversified, holds approximately 21 to 24 stocks at any given time, and benchmarks its performance against the S&P 500 Growth Index over a full market cycle. As of September 30, 2025, top holdings include NVIDIA Corp. (7.8%), ASML Holding NV (7.8%), Netflix Inc. (6.9%), Synopsys Inc. (6.4%), and Visa Inc. (6.2%), representing over 60% of the portfolio, with sector allocations led by Information Technology (around 35-36%), Financials (21%), Health Care (15%), and Communication Services (12%); the fund features institutional (EGFIX) and retail share classes, with minimum investments of $100,000 and $3,000 respectively, a net expense ratio of 1.40%, and total assets under management exceeding $16 billion. Managed by Edgewood Management LLC, a 100% employee-owned firm founded in 1974 and headquartered in New York, New York, with an additional office in Greenwich, Connecticut, the fund targets institutional and high-net-worth individual investors seeking exposure to high-quality, financially strong mid-to-large cap growth companies distinguished by profitability, strong management, and long-term earnings potential. In recent portfolio adjustments reflecting strategic shifts within the last two years, the large cap growth strategy initiated a position in Broadcom Inc. in April 2024, sold out of Adobe Inc. and Chipotle Mexican Grill Inc., and continued active management with a trailing 12-month turnover of 42.10% as of Q3 2025; these changes align with evolving market opportunities in areas like AI-driven growth and margin expansion, as highlighted in the firm's Q2 2025 update. The fund has maintained its core approach without major structural changes such as acquisitions, funding rounds, partnerships, new share class launches, or reorganizations in 2024-2025, focusing instead on high-conviction stock selection amid volatile large-cap growth sectors. Edgewood Management continues to emphasize sustainable performance through its concentrated strategy, available not only via the mutual fund but also through separate managed accounts (SMAs) and UCITS vehicles for broader global access.