- Large-Cap Growth Review and Outlook The Large-Cap Growth Strategy kept portfolio activity limited after repositioning software exposure toward businesses where AI can enhance customer value and long-term growth. It argues that diversification remains important as the Russell 1000 Growth Index becomes increasingly concentrated in semiconductors, while retaining conviction in cloud, cybersecurity, AI software and industrial holdings. third quarter 2026 ANET $226BAXON $31BCDNS $89B
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