Nvidia was a contributor to the portfolio's performance again in Q3, driven by continued surging demand for accelerated computing and AI infrastructure. Chipotle was a detractor during the quarter as its comparable sales growth fell just 1% short of consensus (declining 4% against a very tough 11% comparison in the year ago period). Intuit was a detractor from performance during the quarter as cautious guidance for FY 2026 led to investor disappointment, despite strong fiscal-year (July) results.
We reviewed and maintained our UnitedHealth position through its underwriting crisis, recognizing that management's mispricing of annually renewable policies could be corrected through swift action. Our July exit from Novo Nordisk demonstrates our willingness to move on from positions when competitive dynamics deteriorate. We made several strategic additions during market weakness including Fast Retailing, Chipotle, Gartner and Adyen.
Saga Communications, Inc. ( SGA ) Q3 2025 Earnings Call November 6, 2025 11:00 AM EST Company Participants Christopher Forgy - CEO, President & Director Samuel D. Bush - Executive VP, CFO & Treasurer Presentation Operator Good day, everyone, and welcome to Saga Communications Third Quarter 2025 Earnings Release and Conference Call.
| Media Industry | Communication Services Sector | Christopher S. Forgy CEO | XFRA Exchange | US7865983008 ISIN |
| US Country | 601 Employees | 24 Nov 2025 Last Dividend | 17 Jan 2013 Last Split | 11 Dec 1992 IPO Date |
Saga Communications, Inc. is a distinguished entity within the media landscape, focusing on the acquisition, development, and operation of broadcast properties across the United States. Since its inception in 1986, the company has dedicated itself to providing a diverse range of programming across its network of radio stations. Headquartered in Grosse Pointe Farms, Michigan, Saga Communications has carved out a notable presence in the broadcasting sector, managing both FM and AM radio stations, as well as metro signals in various markets. Through strategic growth and an unwavering commitment to its audience, Saga Communications, Inc. continues to thrive as a leading media company in America.
The portfolio of Saga Communications, Inc. encompasses a versatile selection of broadcasting services, offering something for every listener. These include: