Aristotle Fund Exits Linde Citing European Volume Decline and U.S. Exposure Risk
Aristotle Growth Equity Fund returned 0.95% in Q4, underperforming the Russell 1000 Growth’s 1.12%, and sold Linde after citing a prolonged trend of negative base volumes in Europe and elevated U.S. industrial exposure risks. Linde closed at $508.27 on February 25, 2026, with a one-month return of 11.71%.
1. Fund Performance and Benchmark Comparison
In Q4 2025 Aristotle Growth Equity Fund posted a 0.95% return, trailing the Russell 1000 Growth Index’s 1.12% gain. Weak security selection in information technology and consumer discretionary sectors contributed to underperformance, despite positive contributions from healthcare and industrials.
2. Sale Rationale for Linde
The fund sold its entire Linde position after noting a prolonged trend of negative base volumes in Europe, driven by soft industrial activity in the region. It also highlighted elevated risks from Linde’s heavy exposure to North American industrial markets if U.S. growth slows.
3. Linde Stock Metrics
On February 25, 2026, Linde shares closed at $508.27, reflecting an 11.71% return over the prior month. The company carries a $238.33 billion market capitalization and has gained 10.43% over the past 52 weeks.