RiverPark Funds
RiverPark Large Growth Fund
US Mega-cap Growth
Jun 2025 → Mar 2026
Our archive holds 4 letters from this strategy, behind 10 investment theses and positions in 22 companies. Every quote below is copied verbatim from the letter it came from.
4 letters in 2 years — follow all of RiverPark Funds for every strategy.
What it bought and sold
Given the severity and uncertainty of the near-term headwinds and the seeming lack of uptake on the company’s multiple growth initiatives, we exited our position in Pinterest during the quarter.
Also held
- Netflix, Inc.
- Shopify Inc.
- Applied Materials, Inc.
- Amazon.com, Inc.
- Lockheed Martin Corporation
- KKR & Co. Inc.
- Costco Wholesale Corporation
- Adobe Inc.
- Taiwan Semiconductor Manufacturing Company Limited
- Alphabet Inc.
- Eli Lilly and Company
- Autodesk, Inc.
- ServiceNow, Inc.
- Microsoft Corp.
- Datadog, Inc.
- Meta Platforms, Inc.
- Microsoft Corporation
- Intuit Inc.
Its investment theses
- KKR & Co Inc.Mar 2026KKR is portrayed as a differentiated alternative asset compounder with a diversified platform, record fundraising, and strong earnings trajectory.
- Applied Materials, Inc.Mar 2026Applied Materials is positioned as a structurally advantaged semiconductor equipment company benefiting from AI-driven demand and strong cash generation.
- Eli Lilly and CompanyMar 2026Eli Lilly is viewed as a premier healthcare growth franchise with leadership in obesity and diabetes and strong multi-year revenue growth.
- Netflix, Inc.Mar 2026Netflix is portrayed as the dominant global streaming platform with durable competitive advantages, pricing power, and long-term earnings compounding.
- Costco Wholesale Corp.Mar 2026Costco Wholesale is presented as a resilient membership-driven retailer with durable traffic, recurring revenue, and long-term compounding potential.
- Taiwan Semiconductor ManufacturingMar 2026Taiwan Semiconductor Manufacturing is viewed as the key advanced foundry benefiting from secular AI compute growth, pricing power, and margin expansion.
- Lockheed MartinMar 2026Lockheed Martin is described as a high-quality defense franchise with durable earnings, strong cash generation, and long revenue visibility.
- Walt Disney CompanySep 2025Disney is a high-quality EPS compounder with strong growth potential from its DTC segment and successful Experiences business.
- Apple Inc.Jun 2025Apple is well-positioned for long-term growth due to its large installed base, strong cash flow, and a focused AI strategy emphasizing security and performance.
- UnitedHealth GroupJun 2025UnitedHealth is a robust healthcare franchise with a strong integrated model poised for long-term value creation despite short-term volatility.