Information on Fraud Attempts

We would like to draw your attention to the fact that Natixis Investment Managers Australia Pty Limited and its affiliated companies, like all firms, are regularly targeted by malicious individuals through attempts at fraud, various scams, and extortion attempts, particularly through identity theft, the creation of fake email addresses, offers of fake financial products, cryptocurrencies, etc. For more information, please click on this link.

Subscribe Contact us
Back to role selection

By selecting the relevant investor type I certify that I meet the definition. Alternatively, go back to the Natixis Investment Managers homepage.

Institutional

I am an investor, consultant or adviser working for or with an institution such as a super/pension fund, insurance company, sovereign wealth fund, charity, or other financial institution.

Select role

Intermediary

I am a financial adviser or consultant managing or advising on investments on behalf of my clients.

Select role

Individual investor

I am a retail investor.

Select role

Select your local site for products and services by region

Americas

Asia Pacific

Europe

Location not listed?

View investments

Capabilities

Find out more about our investment capabilities

Private assets
Gain a single point of access to high conviction investment managers that have a deep understanding of private markets.
Find out more
View fund explorer

Mirova

Loomis Sayles Global Bond Fund
Loomis Sayles Global Bond Fund
The active fixed income expertise you want at the fee you need.
Find out more
View latest Insights

Insights by asset class

Gain our perspectives and investment thinking across each asset class

News and insights

Get deep insight and expert views on the forces shaping financial markets

Featured topics

Browse the latest views by topic

Echoes
Echoes
History doesn’t repeat itself, but it often echoes. Some echoes fade. Others become signals.
Find out more
About us

Who we are

Find out more about who we are and how we might be able to help

Investor sentiment

Discover the latest insights from the center for investor insight

Contact

Have an enquiry? Find the right person to contact

Equities

It's not just what we own, it's how we've owned it

April 24, 2026 - 2 min
Hollie Briggs
Head of Global Product Management – Loomis, Sayles & Company
Aziz V. Hamzaogullari, CFA
Loomis, Sayles & Company

Loomis Sayles’ Growth Equity Strategies team explains how conviction, confidence and a fundamentally different way of assessing risk drive the long-term outperformance of their portfolio despite holding six of the so-called magnificent seven.

It's not just what we own, it's how we've owned it. What makes a portfolio that owns six of the so- called magnificent seven so different?

Owning these six companies for an average of over 13 years already. We've owned Alphabet continuously since 2006. Guess what percentage of mutual funds share our duration of ownership? 4.3%.

We've owned Amazon continuously since 2006. Guess what percentage of mutual funds share our duration of ownership? 1.5%.

But it's not just the magnificent seven. Across our 36 current holdings, the average holding period is 10 years. Why don't more investors share our duration of ownership in these great companies?

Probably because they commonly define risk as share price volatility. Over the course of our holding period, Alphabet had 10 drawdowns of between approximately 20 to 60%. Its total return still outperformed the Russell 1000 growth by 2.6 times.

Over the course of our holding period, Amazon had 14 drawdowns of between approximately 20 to 60%. Its total return outperformed with the Russell 1000 growth by 10.7 times.

We understand that great companies often endure routine periods of share price volatility in the process of generating above average long-term returns.

What gives us the confidence to stay invested?

Assessing risk based on long-term fundamental business drivers, not the reflexive responses of short-term investors. We think Charlie Munger got it right with his first rule of compounding. Never interrupt it unnecessarily.

Related insights

View all equity insights
The future of AI stocks: it’s better to prepare than predict
VIDEO
The future of AI stocks: it’s better to prepare than predict
Loomis Sayles’ Hollie Briggs says there’s a big difference between direct AI beneficiaries and those that leverage it.
Echoes: Durable growth still exists for the patient and diligent
Echoes: Durable growth still exists for the patient and diligent
With a career in equities investing that extends beyond three decades, Loomis Sayles’ Aziz Hamzaogullari knows more than most about market bubbles and corrections, and why uncertainty demands a structural and permanent approach to risk mitigation.
Echoes: Never take stability for granted
Echoes: Never take stability for granted
Mirova’s Soliane Varlet compares the impact of the dotcom crash, the GFC and the Paris Accord on her 20-year career as an equities analyst and portfolio manager, and how each event has shaped her perceptions of risk, investor behaviour and long-term fundamentals.

This material has been prepared and distributed by Natixis Investment Managers Australia Proprietary Limited. ABN 60 088 786 289, AFSL 246830, and may include information provided by third parties. Although Natixis Investment Managers Australia believes that this material is correct, no warranty of accuracy, reliability, or completeness is given, including for information provided by third parties except for liability under statute which cannot be excluded. This material is not personal advice. The material is for general information only and does not take into account your personal objectives, financial situation, or needs. You should consider and consult with your professional advisor whether the information is suitable for your circumstances. The opinions expressed in the materials are those of the speakers and may not necessarily be those of Natixis investment Managers Australia or its affiliate Investment Managers. Before deciding to acquire or continue to hold an investment in a fund, you should consider the information contained in the product disclosure statement in conjunction with the target market determination, TMD. Past investment performance is not a reliable indicator of future investment performance and no guarantee of performance, return of capital, or a particular rate of return is provided. Any mention of specific company names, securities, or asset classes is strictly for informational purposes only and should not be taken as a recommendation to buy, hold, or sell. Any commentary about specific securities is within the context of the investment strategy for the given portfolio. The material may not be reproduced, distributed, or published in whole or in part without the prior written consent of Natixis Investment Managers Australia. Copyright 2026 Natixis Investment Managers Australia. All rights reserved.

DR-79121