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The fund seeks long-term capital appreciation by investing in equity securities of large cap companies that RiverPark believes have above-average growth prospects. Under normal circumstances, it invests at least 80% of its net assets (plus the amount of any borrowings for investment purposes) in the securities of large capitalization companies. The fund invests primarily in common stocks.
Includes detailed analysis of RiverPark Large Growth Fund's positions in MSFT, PYPL, TWTR, PANW, NOW, INXN, AXP, STZ, ATVI, DG, CME,AMT, DLTR, AAPL, AMZN, BX, and FB.
The Fund returned -16.9% for the quarter which compared with the S&P 500 (the “S&P”) and the Russell 1000 Growth Index (the “RLG”) which returned -13.5% and -15.9%, respectively.
This brought the total return for our Fund for the year to -4.4% as compared with the total returns of -4.4% and -1.5% for the S&P and the RLG, respectively.