In its fourth-quarter 2025 letter, Aristotle Growth Equity Fund reported a 0.95% return versus the Russell 1000 Growth Index’s 1.12% gain. The fund attributed underperformance to security selection in information technology and consumer discretionary, while healthcare and industrials delivered positive contributions.

The letter spotlighted Snowflake’s AI Data Cloud, cloud-neutral architecture and consumption-based pricing as catalysts for high retention, customer expansion and growing AI-related revenue. Deepening alliances, notably with Microsoft Azure, were cited as enhancing adoption across a diverse enterprise base.

Snowflake shares declined 25.44% over one month and 3.09% over the past year, carrying a $55.1 billion market capitalization. Hedge fund exposure eased, with 90 portfolios holding the stock at year-end versus 102 in the prior quarter.