Home Latest Articles Summary Allspring Large Cap Growth Fund outperformed the Russell 1000 Growth Index during the first quarter that ended March 31, 2026. The market was marked by an AI “doomerism” trade as investors reassessed whether agentic AI can erode the moats of legacy software, financial data, and IT outsourcing providers. Quanta Services, Inc. is a prime beneficiary of long-term electrification trends, including grid modernization, renewable energy build-outs, and surging power demand from AI-driven data centers. KKR & Co. Inc. has extended credit to the software industry that created uncertainty around future growth, triggering the fund's sell discipline and resulting in an exit from the stock. The Allspring Large Cap Growth Fund team believes slowing economic growth is likely to reemerge, and businesses with fundamental momentum and pricing power often command a “scarcity premium.”.…