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Stock impact report

Impax Global Social Leaders Fund Q4 2025 Commentary [Seeking Alpha]

Intuitive Surgical, Inc. (ISRG) 
Last intuitive surgical, inc. earnings: 4/16 04:05 pm Check Earnings Report
Company Research Source: Seeking Alpha
Impax Global Social Leaders Fund underperformed relative to the MSCI ACWI index as market concentration and style factors created headwinds for the portfolio. Intuitive Surgical rallied after Q3 2025 results exceeded expectations, driven by strong equipment placements and accelerating US procedure growth. Bentley Systems reported robust results, with annual recurring revenues growing at around 10% and strong free cash flow growth. Impax Global Social Leaders Fund investment team believes this creates compelling opportunities among companies with sustainable structural growth, where valuations remain attractive. Lemon_tm/iStock via Getty Images Performance The portfolio underperformed relative to the MSCI ACWI index as market concentration and style factors favouring momentum, value and cyclicals over quality created headwinds for the portfolio. This was most pronounced in Information Technology, where This article was written by Show less Read more
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