Investment objective & strategy
As of Dec. 23, 2025 · prospectusObjective. The investment objective of the Sparrow Growth Fund is long-term capital appreciation.
Strategy. The Fund typically invests in a broad range of U.S. common stocks which Sparrow Capital Management, Inc., the Funds adviser, believes have above-average prospects for appreciation, based on a proprietary investment model developed by the adviser. The model looks at a variety of factors to select stocks that the adviser believes demonstrate strong earnings momentum. These growth momentum factors include expanding profit margins, accelerating earnings, positive earnings surprises, positive earnings estimate revisions, and positive relative price strength. At times, the Fund may focus its investments in the healthcare and/or technology sector. The Fund may invest in stocks of all market capitalization ranges based on the advisers assessment of the relative opportunities and risks of each category. Stocks are sold when … The Fund typically invests in a broad range of U.S. common stocks which Sparrow Capital Management, Inc., the Funds adviser, believes have above-average prospects for appreciation, based on a proprietary investment model developed by the adviser. The model looks at a variety of factors to select stocks that the adviser believes demonstrate strong earnings momentum. These growth momentum factors include expanding profit margins, accelerating earnings, positive earnings surprises, positive earnings estimate revisions, and positive relative price strength. At times, the Fund may focus its investments in the healthcare and/or technology sector. The Fund may invest in stocks of all market capitalization ranges based on the advisers assessment of the relative opportunities and risks of each category. Stocks are sold when there is a significant decline in earnings momentum, a better stock is found, or a significant breakdown in relative price performance occurs.
Top holdings
As of Feb. 28, 2026 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| ALPHABET INC CL A | — | $6.12M | 8.90% |
| WALMART INC | — | $4.69M | 6.82% |
| NVIDIA CORP | — | $4.13M | 6.00% |
| META PLATFORMS INC CL A | — | $3.57M | 5.20% |
| APPLE INC | — | $3.53M | 5.13% |
| AMAZON.COM INC | — | $3.25M | 4.72% |
| AMERICAN EXPRESS CO | — | $3.15M | 4.58% |
| MICROSOFT CORP | — | $2.97M | 4.31% |
| NETFLIX INC | — | $2.66M | 3.87% |
| BERKSHIRE HATH-B | — | $2.54M | 3.70% |
Portfolio moves
Nov 30, 2025 → Feb 28, 2026How many positions this fund opened, exited, grew, trimmed, or left unchanged between its two most recent N-PORT snapshots — net changes between point-in-time reports, not a trade log.
Similar funds
Funds whose portfolios most overlap this one, by weight| Fund | Overlap | Net exp. |
|---|---|---|
| Principal U.S. Mega-Cap ETF · USMC | 60% | 0.12% |
| iShares Top 20 U.S. Stocks ETF · TOPT | 59% | 0.20% |
| PGIM Jennison Diversified Growth Fund · TBDAX, TBDCX, TBDQX, TBDZX | 58% | 0.44% |
Advisers
| Firm | Role |
|---|---|
| Sparrow Capital Management, Inc. | Adviser |
Footnotes
- Expense ratio as of December 23, 2025, from the fund's prospectus.
- Net assets and holdings count as of February 28, 2026, from the fund's N-PORT filing.
- Total return for calendar year 2025, before tax and after fund expenses. Computed by compounding the twelve monthly total returns the fund reported in its SEC N-PORT filings for 2025 (the latest prospectus does not yet chart this year).
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