Investment management company Impax Asset Management released its “Impax US Sustainable Economic Fund” in the second quarter of 2025. A copy of the letter can be downloaded here. In the second quarter of 2025, tariffs sparked concerns about market declines and recessions, but the suspension of tariffs triggered historic rally as revenues remained resilient. In the second quarter of 2025, the fund performed under the 1,000 benchmark. Additionally, you can check the fund's top 5 holdings to determine its best choice for 2025.
Impax U.S. Sustainable Economics Fund highlighted stocks such as Broadcom Inc. (NASDAQ: AVGO) in its second quarter 2025 investor letter. Broadcom Inc. (NASDAQ: AVGO) designs and develops a variety of semiconductor and infrastructure software solutions. Broadcom Inc. (NASDAQ:AVGO) has a one-month return of 5.41%, and its shares account for 114.96% of its value over the past 52 weeks. On August 5, 2025, Broadcom Inc. (NASDAQ:AVGO) stock closed at $292.93 per share, with a market value of $1.378 trillion.
In its investor letter for the second quarter of 2025, the Impax U.S. Sustainable Economics Fund stated that the following content is about Broadcom Inc. (NASDAQ: AVGO):
“Broadcom Inc. (NASDAQ: AVGO) (Information Technology, Semiconductor) provides energy-efficient data center computing solutions that, in addition to requiring less energy, can promote wider economic participation by making connectivity more equitable. The second quarter stock returns were a combination of strong revenue, high demand for AI data centers, involvement in the custom application-specific integrated circuit (ASIC) chip market, and positive market sentiment. ”
AVGO Stock: Strong Choices Supported by Strong Cash Flow and Dividend Growth
Technicians working on magnifying microscopes have developed new integrated circuits.
Broadcom Inc. (NASDAQ:AVGO) ranks 12th among the 30 most popular stocks in our hedge funds. According to our database, at the end of the first quarter, 158 hedge fund portfolios held Broadcom Inc. (NASDAQ: AVGO), compared with 161 in the previous quarter. In the second quarter of 2025, Broadcom Inc. (NASDAQ:AVGO) reported a record revenue of $15 billion, a year-on-year increase of 20%. Although we acknowledge the potential of Broadcom Inc. (NASDAQ:AVGO) as an investment, we believe that certain AI stocks have greater upward potential and smaller downside risks. If you are looking for an undervalued AI stock that will also benefit greatly from the Trump era tariffs and open trends, see our related free reports Best Short-term AI Stocks.
In another post, we introduce Broadcom Inc. (NASDAQ: AVGO) and share a list of the best stocks to buy in the next 6 months. Also, check out our Hedge Fund Investor Letters Q2 2025 page for more investors from hedge funds and other leading investors.