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SGA Global Growth Strategy adds Equinix as AI infrastructure demand rises
The fund said it expects 16% revenue growth and 20% earnings growth over the next three years.
EQIX has been added to EQIX Sustainable Growth Advisers (SGA) Global Growth Strategy portfolio, according to the firm’s second-quarter 2026 investor letter published by Yahoo Finance.
SGA reported its Global Growth Portfolio returned 7.4% gross and 7.2% net for the quarter, while it cited momentum leadership and enthusiasm around AI infrastructure as a driver for gains in semiconductor, memory, and hardware stocks.
The letter also said more than 60% of the holdings beat expectations, with median revenue growth of 12% and median EPS growth of 14%. SGA attributed valuation compression to sentiment rather than weaker business quality, and noted the portfolio is near its widest discount to the market since inception.
For Equinix specifically, the investor letter described the company as a digital infrastructure provider that sells space, power, and connectivity services, and said the position was initiated during the quarter after being a portfolio holding for ten years before being sold in 2024 as the growth rate slowed. Equinix closed at $1,065.39 per share on August 21, 2026, the outlet said, with a one-month return of 1.78% and a 36.17% gain over the past 52 weeks.