RiverPark Large Growth Fund Q2 2019 Performance Summary

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About: RiverPark Large Growth Fund Inst (RPXIX), RPXFX, Includes: AAPL, ADBE, ADSK, ALGN, BX, COG, DIS, DLMAF, EQIX, EXAS, FB, FIVE, GOOG, GOOGL, ISRG, MA, MSFT, NOC, PANW, TDC, UNH, V
by: Fund Letters
Summary

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 Blackstone, Exact Sciences, Microsoft, Facebook, Walt Disney, Palo Alto Networks, Alphabet, Teradata, Cabot Oil & Gas, Autodesk and Five Below.

The equity markets and the RiverPark Large Growth Fund both continued their strong 2019 performance in the second quarter of the year. The S&P 500 index returned 4.3% and the Russell 1000 Growth index returned 4.6% for the second quarter, while the total return for the RiverPark Large Growth Fund for the quarter was 7.4%.

This brings the year to date returns for the broader market to 18.5% for the S&P and 21.5% for the RLG, while the Fund’s total return for the first half of 2019 was 24.3%.

Editor's Note: The summary bullets for this article were chosen by Seeking Alpha editors.