Macquarie Core Equity Fund Q3 2025 Contributors And Detractors
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Macquarie Asset Management22 FollowersFollow5ShareSavePlay(6min)CommentsSummaryFor 3Q25, Macquarie Core Equity Fund Institutional Class shares underperformed the Fund’s benchmark, the S&P 500 Index.Cummins Inc. saw steady share price gains and positive momentum due to strong revenue and earnings growth, particularly in its power generation business, which has significant datacenter exposure.Fiserv Inc.’s (FISV) stock experienced weakness in 3Q25 primarily due to a slowdown in the growth of its Clover payment processing unit.SAP SE’s (SAP) underperformance in 3Q25 stemmed from lingering macroeconomic concerns that caused some customers to delay closing large-scale enterprise deals. bo feng/iStock via Getty Images The following segment was excerpted from the Macquarie Core Equity Fund Q3 2025 Commentary. For 3Q25, Macquarie Core Equity Fund Institutional Class shares underperformed the Fund’s benchmark, the S&P 500 Index (SPX). StockThis article was written byMacquarie Asset Management22 FollowersFollowMacquarie Asset Management (MAM) is the asset management division of Macquarie Group. MAM is an integrated asset manager across public and private markets offering a diverse range of capabilities, including real assets, real estate, credit, equities and multi-asset solutions. Macquarie Group refers to Macquarie Group Limited and its subsidiaries and affiliates worldwide. Delaware Funds by Macquarie refers to certain investment solutions that MAM distributes, offers, or advises. Investment advisory services are provided to the Delaware Funds by Delaware Management Company, a series of Macquarie Investment Management Business Trust (MIMBT), a Securities and Exchange Commission (SEC) registered investment adviser.
The Delaware Funds are distributed by Delaware Distributors, L.P., a registered broker/dealer and member of the Financial Industry Regulatory Authority (FINRA) and an affiliate of MIMBT. Note: This account is not managed or monitored by Macquarie Asset Management, and any messages sent via Seeking Alpha will not receive a response. For inquiries or communication, please use the Macquarie Asset Management's official channels.