2 hours ago
Andvari **** ociates, an investment management firm, released its first-quarter 2025 investor letter. The letter can be downloaded here. Andvari's portfolio has performed strongly in the quarter, highlighted by Constellation Software's 19.9% revenue growth and its plans to spend on acquisitions in 2026. The company is also focusing on AI tools to enhance productivity and customer relationships. However, the AI sector is experiencing extreme hype, leading to a growing disconnect between valuations and future cash flows. Predictions suggest the AI investment phase may decline in 1-3 years, despite current high demand for AI infrastructure, which is expected to attract significant competition. Concerns about overbuilding and risky financial behaviors, like Oracle's downgraded credit rating amid a $90-$95 billion AI cloud investment, reflect potential pitfalls. Andvari has minimized exposure to this sector, aiming to protect and grow **** ets through disciplined investments in stable industries despite recent underperformance during the AI boom. Also, check the fund's top five holdings to see its best picks in 2026.
In its second-quarter 2026 investor letter, Andvari **** ociates highlighted Mobility Global, Inc. (NYSE:MBGL). Previously known as S&P Global Mobility Holding Company, the company rebranded to Mobility Global, Inc. in February 2026. Mobility Global, Inc. (NYSE:MBGL) specializes in offering essential data and **** ysis throughout the entire vehicle lifecycle. On August 28, 2026, Mobility Global, Inc. (NYSE:MBGL) closed at $20.24 per share. Over the past month, Mobility Global, Inc. (NYSE:MBGL) returned -4.98%. Mobility Global, Inc. (NYSE:MBGL) has a market capitalization of $6.48 billion.
Andvari **** ociates stated the following regarding Mobility Global, Inc. (NYSE:MBGL) in its Q2 2026 investor letter:
"As a new separate entity, Mobility Global, Inc. (NYSE:MBGL) will likely be a good business to hold on to as it has many trusted products (CARFAX, Polk, Automotive Mastermind, and Market Scan) that are deeply embedded in the automotive ecosystem. MBGL's customers span from nearly every global auto OEM and tier 1 supplier to thousands of car dealers. With annual revenues of just $1.75 billion, high margins, >80% subscription-based revenues, and now with greater Lexibility to invest and acquire, MBGL management believes it can continue to grow at a high single-digit rate and expand margins."
Mobility Global, Inc. (NYSE:MBGL) is not on our list of the 40 Most Popular Stocks Among Hedge Funds. As per our database, 3 hedge fund portfolios held Mobility Global, Inc. (NYSE:MBGL) at the end of the second quarter, which was 0 in the previous quarter. While we acknowledge the potential of Mobility Global, Inc. (NYSE:MBGL) as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tarif
In its second-quarter 2026 investor letter, Andvari **** ociates highlighted Mobility Global, Inc. (NYSE:MBGL). Previously known as S&P Global Mobility Holding Company, the company rebranded to Mobility Global, Inc. in February 2026. Mobility Global, Inc. (NYSE:MBGL) specializes in offering essential data and **** ysis throughout the entire vehicle lifecycle. On August 28, 2026, Mobility Global, Inc. (NYSE:MBGL) closed at $20.24 per share. Over the past month, Mobility Global, Inc. (NYSE:MBGL) returned -4.98%. Mobility Global, Inc. (NYSE:MBGL) has a market capitalization of $6.48 billion.
Andvari **** ociates stated the following regarding Mobility Global, Inc. (NYSE:MBGL) in its Q2 2026 investor letter:
"As a new separate entity, Mobility Global, Inc. (NYSE:MBGL) will likely be a good business to hold on to as it has many trusted products (CARFAX, Polk, Automotive Mastermind, and Market Scan) that are deeply embedded in the automotive ecosystem. MBGL's customers span from nearly every global auto OEM and tier 1 supplier to thousands of car dealers. With annual revenues of just $1.75 billion, high margins, >80% subscription-based revenues, and now with greater Lexibility to invest and acquire, MBGL management believes it can continue to grow at a high single-digit rate and expand margins."
Mobility Global, Inc. (NYSE:MBGL) is not on our list of the 40 Most Popular Stocks Among Hedge Funds. As per our database, 3 hedge fund portfolios held Mobility Global, Inc. (NYSE:MBGL) at the end of the second quarter, which was 0 in the previous quarter. While we acknowledge the potential of Mobility Global, Inc. (NYSE:MBGL) as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tarif
2 hours ago
Andvari ******* ociates, an investment management firm, released its first-quarter 2025 investor letter. The letter can be downloaded here. Andvari's portfolio has performed strongly in the quarter, highlighted by Constellation Software's 19.9% revenue growth and its plans to spend on acquisitions in 2026. The company is also focusing on AI tools to enhance productivity and customer relationships. However, the AI sector is experiencing extreme hype, leading to a growing disconnect between valuations and future cash flows. Predictions suggest the AI investment phase may decline in 1-3 years, despite current high demand for AI infrastructure, which is expected to attract significant competition. Concerns about overbuilding and risky financial behaviors, like Oracle's downgraded credit rating amid a $90-$95 billion AI cloud investment, reflect potential pitfalls. Andvari has minimized exposure to this sector, aiming to protect and grow ******* ets through disciplined investments in stable industries despite recent underperformance during the AI boom. Also, check the fund's top five holdings to see its best picks in 2026.
In its second-quarter 2026 investor letter, Andvari ******* ociates highlighted NVIDIA Corporation (NASDAQ:NVDA). NVIDIA Corporation (NASDAQ:NVDA) is a leading data center-scale AI infrastructure company operating through Compute & Networking and Graphics segments. On August 28, 2026, NVIDIA Corporation (NASDAQ:NVDA) stock closed at $217.55 per share. The one-month return of NVIDIA Corporation (NASDAQ:NVDA) was 5.28%, and its shares gained 24.90% over the past 52 weeks. NVIDIA Corporation (NASDAQ:NVDA) has a market capitalization of $5.25 trillion.
Andvari ******* ociates stated the following regarding NVIDIA Corporation (NASDAQ:NVDA) in its Q2 2026 investor letter:
"Another reason why I am increasingly cautious here is I've begun to see more examples of circular financing among the companies involved with the AI investment boom. For example, when NVIDIA Corporation (NASDAQ:NVDA) invested in OpenAI in late 2025, it was reported most of the money would be used to lease Nvidia chips. Also, some companies like Nvidia and Anthropic have invested directly into special purpose vehicles (SPVs), which in turn use that money to buy hardware from those exact same hardware makers. Then there are AI companies like Anthropic who have begun to use massive SPVs, backed by private equity firms, to borrow billions to buy chips and servers. The AI company then leases the chips from the SPV and thus the debt can stay on its own balance sheet. I've also read that some Nvidia customers are using Nvidia chips as collateral for loans to buy even more chips. This is the same type of behavior that eventually got many telecom and tech companies into huge trouble during the dot com bubble of the 1990s."
#andvari #chips #letter
In its second-quarter 2026 investor letter, Andvari ******* ociates highlighted NVIDIA Corporation (NASDAQ:NVDA). NVIDIA Corporation (NASDAQ:NVDA) is a leading data center-scale AI infrastructure company operating through Compute & Networking and Graphics segments. On August 28, 2026, NVIDIA Corporation (NASDAQ:NVDA) stock closed at $217.55 per share. The one-month return of NVIDIA Corporation (NASDAQ:NVDA) was 5.28%, and its shares gained 24.90% over the past 52 weeks. NVIDIA Corporation (NASDAQ:NVDA) has a market capitalization of $5.25 trillion.
Andvari ******* ociates stated the following regarding NVIDIA Corporation (NASDAQ:NVDA) in its Q2 2026 investor letter:
"Another reason why I am increasingly cautious here is I've begun to see more examples of circular financing among the companies involved with the AI investment boom. For example, when NVIDIA Corporation (NASDAQ:NVDA) invested in OpenAI in late 2025, it was reported most of the money would be used to lease Nvidia chips. Also, some companies like Nvidia and Anthropic have invested directly into special purpose vehicles (SPVs), which in turn use that money to buy hardware from those exact same hardware makers. Then there are AI companies like Anthropic who have begun to use massive SPVs, backed by private equity firms, to borrow billions to buy chips and servers. The AI company then leases the chips from the SPV and thus the debt can stay on its own balance sheet. I've also read that some Nvidia customers are using Nvidia chips as collateral for loans to buy even more chips. This is the same type of behavior that eventually got many telecom and tech companies into huge trouble during the dot com bubble of the 1990s."
#andvari #chips #letter
2 hours ago
Andvari **** ociates, an investment management firm, released its first-quarter 2025 investor letter. The letter can be downloaded here. Andvari's portfolio has performed strongly in the quarter, highlighted by Constellation Software's 19.9% revenue growth and its plans to spend on acquisitions in 2026. The company is also focusing on AI tools to enhance productivity and customer relationships. However, the AI sector is experiencing extreme hype, leading to a growing disconnect between valuations and future cash flows. Predictions suggest the AI investment phase may decline in 1-3 years, despite current high demand for AI infrastructure, which is expected to attract significant competition. Concerns about overbuilding and risky financial behaviors, like Oracle's downgraded credit rating amid a $90-$95 billion AI cloud investment, reflect potential pitfalls. Andvari has minimized exposure to this sector, aiming to protect and grow **** ets through disciplined investments in stable industries despite recent underperformance during the AI boom. Also, check the fund's top five holdings to see its best picks in 2026.
In its second-quarter 2026 investor letter, Andvari **** ociates highlighted S&P Global Inc. (NYSE:SPGI). S&P Global Inc. (NYSE:SPGI) is a financial services and **** ytics company that provides benchmarks, data, **** ytics, and workflow solutions in the global capital, energy, commodity, and automotive markets. On August 28, 2026, S&P Global Inc. (NYSE:SPGI) closed at $442.89 per share, reflecting a market capitalization of $130.56 billion. S&P Global Inc. (NYSE:SPGI) posted a one‑month return of 6.40%, while its shares lost 14.62% over the past 52 weeks.
Andvari **** ociates stated the following regarding S&P Global Inc. (NYSE:SPGI) in its Q2 2026 investor letter:
"Another portfolio company with notable activity is S&P Global Inc. (NYSE:SPGI) which recently spun out its Mobility Global (MBGL) division to shareholders. The remaining S&P Global is now an even higher quality business because its crown jewels can shine even brighter. In 2025, S&P's credit ratings business had adjusted operating margins of 65%, its S&P Dow Jones Indices business had 71% adjusted operating margins, and its Energy business had 48% adjusted operating margins. Mobility Global had just 40% margins."
S&P Global Inc. (NYSE:SPGI) is not on our list of 40 Most Popular Stocks Among Hedge Funds Heading Into 2026. According to our database, 124 hedge fund portfolios held S&P Global Inc. (NYSE:SPGI) at the end of the second quarter, up from 122 in the previous quarter. While we acknowledge the potential of S&P Global Inc. (NYSE:SPGI) as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
#quarter #associates #busines
In its second-quarter 2026 investor letter, Andvari **** ociates highlighted S&P Global Inc. (NYSE:SPGI). S&P Global Inc. (NYSE:SPGI) is a financial services and **** ytics company that provides benchmarks, data, **** ytics, and workflow solutions in the global capital, energy, commodity, and automotive markets. On August 28, 2026, S&P Global Inc. (NYSE:SPGI) closed at $442.89 per share, reflecting a market capitalization of $130.56 billion. S&P Global Inc. (NYSE:SPGI) posted a one‑month return of 6.40%, while its shares lost 14.62% over the past 52 weeks.
Andvari **** ociates stated the following regarding S&P Global Inc. (NYSE:SPGI) in its Q2 2026 investor letter:
"Another portfolio company with notable activity is S&P Global Inc. (NYSE:SPGI) which recently spun out its Mobility Global (MBGL) division to shareholders. The remaining S&P Global is now an even higher quality business because its crown jewels can shine even brighter. In 2025, S&P's credit ratings business had adjusted operating margins of 65%, its S&P Dow Jones Indices business had 71% adjusted operating margins, and its Energy business had 48% adjusted operating margins. Mobility Global had just 40% margins."
S&P Global Inc. (NYSE:SPGI) is not on our list of 40 Most Popular Stocks Among Hedge Funds Heading Into 2026. According to our database, 124 hedge fund portfolios held S&P Global Inc. (NYSE:SPGI) at the end of the second quarter, up from 122 in the previous quarter. While we acknowledge the potential of S&P Global Inc. (NYSE:SPGI) as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
#quarter #associates #busines
