Virtus Zevenbergen Innovative Growth Stock Fund Class I
SCATX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 101 Munson Street Greenfield MA United States of America 01301
- IPO Date
- Feb 24, 2004
- CIK
- 0001018593
- Website
- virtus.com
- Similar Companies
- Business
- Virtus Zevenbergen Innovative Growth Stock Fund (Class I: SCATX) is an open-end mutual fund that seeks long-term capital appreciation through a concentrated, high-conviction portfolio of growth stocks across all market capitalizations; it primarily invests at least 80% of its net assets in common stocks of U.S. companies and U.S.-traded equity securities, including ADRs of foreign issuers, focusing on innovative, disruptive companies driving change via technological advances, data/AI, digital transformation, cloud adoption, consumer utilities, mobility, space, personalized healthcare, and financial automation. The fund employs rigorous bottom-up fundamental research to identify high-growth firms led by visionary entrepreneurs, often founder-CEOs, with a long-term, low-turnover approach targeting stocks poised for revenue, cash flow, and earnings catalysts; key sector allocations include technology (approximately 42%), consumer discretionary (37%), industrials (9%), and health care (9%), with top holdings such as NVIDIA Corp., Tesla Inc., Shopify Inc., Axon Enterprise Inc., and MercadoLibre Inc.. Managed by Zevenbergen Capital Investments LLC since the fund's inception on February 23, 2004, with Portfolio Managers Nancy Zevenbergen, CFA (since 2004), Joseph Dennison, CFA (since 2015), and Anthony Zackery, CFA (since 2015), the fund is part of Virtus Investment Partners, Inc., domiciled in the United States, and benchmarks against the Russell 3000 Growth Index; it offers share classes including A (SAGAX), I (SCATX), and R6 (VZGRX), with assets under management of approximately $475 million as of December 2025 and around 35 holdings. The fund targets institutional and high-net-worth investors seeking exposure to large growth strategies within the Morningstar Large Growth category, with geographic focus predominantly on U.S. equities (86%) and non-U.S. stocks (13%), emphasizing socially conscious firms promoting environmental responsibility alongside innovation. In recent developments, the fund maintained its high-conviction strategy amid market volatility, with Q3 2025 commentary highlighting underperformance versus the benchmark due to underexposure to mega-cap index constituents but noting renewed confidence in holdings like Tesla following CEO Elon Musk's post-quarter $1 billion stock purchase and a proposed performance-based compensation package; portfolio managers issued quarterly updates in 2Q25 and 3Q25, discussing AI investment opportunities, equity market navigation, growth equity trends, and patience amid CEO recession expectations and M&A activity in portfolio companies such as Clearwater. No major acquisitions, funding rounds, partnerships, or structural changes for the fund itself were reported in the last 1-2 years, with ongoing emphasis on independent research and long-term holdings in disruptive innovators.