Jed York's weekend arrest wasn't the first time San Francisco 49ers ownership has found itself on the wrong side of the law – though, ironically, those past legal missteps are largely why York finds himself in such a prominent position now.
York, 46, who pleaded no contest Monday, Aug. 24, to two misdemeanor charges of disorderly conduct and possessing criminal tools in Columbiana County, Ohio, after a charge of "engaging in prostitution" was reduced, was, until recently, the NFL's youngest principal owner. That track largely became available to him starting in 2000, when his uncle, Pro Football Hall of Famer Eddie DeBartolo Jr., relinquished control of the team to his sister Denise DeBartolo York (Jed York's mother) and brother-in-law John York (Jed York's father).
Prior to that, DeBartolo was widely perceived as an owner whom stars throughout the league wanted to play for given his demand for championship football – the 49ers won five Super Bowls between the 1981 and 1994 seasons, none since – but also his willingness to spare no expense while caring for the members of his roster. (The Niners would eventually be hit with nearly $1 million in fines and forfeited a fifth-round draft pick in 2001 plus a third-rounder in 2002 after the NFL found them guilty of circumventing the salary cap, which came into existence in 1994, during a 1999 investigation.)
But DeBartolo's legal issues away from football ultimately drove him from the league. He pleaded guilty to one felony charge of failing to report an alleged extortion attempt in 1998 amid his attempt to obtain a riverboat gambling license in Louisiana. Former state governor Edwin Edwards allegedly attempted to extract $400,000 from DeBartolo amid his bid for the license. The NFL fined DeBartolo $1 million and suspended him for the 1999 season due to his involvement with Edwards, who was imprisoned on racketeering charges in 2002.
As for DeBartolo, who entered the Hall of Fame in 2016 and remains close to his former players – he presented former Niners coach Bill Walsh plus team and NFL legends Joe Montana, Jerry Rice, Fred Dean and Charles Haley as they went into Canton – he never returned to the team as its controlling owner following the suspension.

#owner #team #niners

When someone asks me to name the best semiconductor stock to buy for now and the next few years, my answer is Nvidia (NASDAQ: NVDA). I look at plenty of other chip names, including Broadcom and Advanced Micro Devices, yet I keep coming back to Nvidia because it sits at the center of how artificial intelligence (AI) is built and used, not just at the edge of the hardware market.
The core of the story is Nvidia's data center business. In the most recent fiscal year (ended Jan. 25, 2026), Nvidia reported quarterly data center revenue of $62.3 billion, up 75% year over year, and full-year data center sales are expected to be in the neighborhood of $180 billion. These are massive numbers and show that data centers are the main engine for the company. When hyperscalers and enterprises decide how many AI clusters to build, they start with Nvidia's platform, then layer everything else around it.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
The company's platform is not just about a single AI chip. The company's Blackwell architecture connects hundreds of billions of transistors, custom interconnects, and massive pools of memory into unified graphics processing units (GPUs), then scales those GPUs into rack-level systems like GB200 and GB300 that act like giant accelerators. On top of those systems sit DGX SuperPODs, Grace CPUs, and software like CUDA and TensorRT that developers already know and trust. When I picture the AI factories that companies are building, I see Nvidia in the center of the blueprints.
All the above is the technical side. The psychological side matters, too. Nvidia has become the default AI stock for many investors. It is the ticker people think of when they hear about new models, new data centers, or new AI enterprise rollouts. **** ysts often mention Nvidia first when discussing AI infrastructure, and the stock still carries a broad buy rating and targets pointing to meaningful upside from current levels. That attention can create volatility, yet it also means the company gets a steady stream of capital and scrutiny, which pushes management to keep delivering.

#NVIDIA #like #gpus #flashing

San Francisco 49ers owner Jed York was arrested in Ohio over the weekend for trying to pay a prostitute a little over $100, according to police.
York, a 46-year-old married executive, was taken into custody Sunday at a trailer park in East Palestine and was initially charged with engaging in prostitution, but prosecutors amended the charge to disorderly conduct. The NFL owner is originally from Youngstown, Ohio, about a 30-minute drive from where he was arrested.
He ended up pleading no contest to misdemeanor charges of disorderly conduct and possessing criminal tools.
York's arrest came after he answered an ad on a known prostitution website in Columbiana County and "arranged to have ******* ual activity with the female in exchange for $140.00," the California Post reported, citing court documents.
He then went to the trailer park to meet up with the woman, and an agent from the Mahoning Valley Human Trafficking Task Force found York had his cellphone on him "which was used to arrange the criminal act," according to the documents.

#disorderly

San Francisco 49ers owner Jed York was arrested in Ohio over the weekend for trying to pay a prostitute a little over $100, according to police.
York, a 46-year-old married man, was taken into custody Sunday at a trailer park in East Palestine and was initially charged with engaging in prostitution, but prosecutors amended the charge to disorderly conduct. The football team owner is originally from Youngstown, Ohio, about a 30-minute drive from where he was arrested.
He ended up pleading no contest to misdemeanor charges of disorderly conduct and possessing criminal tools.
York's arrest came after he answered an ad on a known prostitution website in Columbiana County and "arranged to have ******* ual activity with the female in exchange for $140.00," the California Post reported, citing court documents.
He then went to the trailer park to meet up with the woman, and an agent from the Mahoning Valley Human Trafficking Task Force found York had his cellphone on him "which was used to arrange the criminal act," according to the documents.

#york #park

San Francisco 49ers owner Jed York, whose family Forbes estimates is worth $8.5 billion, was arrested on Sunday in Ohio and pleaded no contest to charges of disorderly conduct and possessing criminal tools, court records show.
Forbes estimates Jed York's family is worth $8.5 billion. (Photo by Matthew Huang/Icon Sportswire via Getty Images)
Columbiana County court records show York was initially arrested on charges of possessing criminal tools and engaging in prostitution, but the latter charge was reduced to disorderly conduct.
York was fined $1,150 for his charges and was made to pay other court fees, which court records show he has paid.
York was sentenced to two days in jail, one for each charge, but was given one day of credit for time served.

#york #charges

The San Francisco 49ers are looking to get back to the top of the NFC after having injuries completely devastate their chances at ***** le contention over the last couple of seasons. Unfortunately, the franchise is now dealing with a significant off-the-field distraction.
According to WKBN, Niners owner John "Jed" York was arrested in East Palestine, Ohio, over the weekend and was found guilty of two misdemeanor charges.
York reportedly "pleaded no contest Monday morning to misdemeanor charges of disorderly conduct and possessing criminal tools" after being arrested on Sunday. He posted a $5,000 bond.
The police report filed the time and location of the arrest as 9: 35 a.m. at Wheat Hill Mobile Home Community off State Route 170.
Court records indicate that York was sentenced to two days in the Columbiana County Jail, to be served concurrently, with credit for a day served, and was ordered to pay $1150 in fines. A phone that was seized from the businessman was ordered to be returned, and $160 seized from him has been forfeited to the Mahoning Valley Human Trafficking Task Force.

#arrested #charges

San Francisco 49ers owner Jed York was arrested in Ohio over the weekend, court records show.

Columbiana County, Oh. court records showed that York posted a $5,000 bond and was released on his own recognizance after pleading no contest to charges of disorderly conduct and possessing criminal tools. York spent one day in jail.
An initial filing said that York was arraigned for "engaging in prostitution," and the East Palestine police made the arrest along with the Mahoning Valley Human Trafficking Task Force
The task force did not immediately respond to a message seeking comment.
Multiple outlets reported the arrest Monday morning.
The 49ers, NFL, and East Palestine police did not immediately comment.

#task #arrest

Jed York was arrested in East Palestine, Ohio, over the weekend and found guilty of two misdemeanor charges. According to WKBN News, York pleaded no contest Monday morning to misdemeanor charges of disorderly conduct and possessing criminal tools. He was arrested sometime on Sunday in East Palestine, before posting bond for $5,000.
49ers owner arrested in East Palestine https://t.co/TZehJeTb4X
According to court records, York was sentenced to two days in the Columbiana County Jail, which he'd serve concurrently with a credit for a day served. York was also ordered to pay $1,150 in fines.
Court orders show that $160 seized will be forfeited to the Mahoning Valley Human Trafficking Task Force as part of the agreement. He did get his phone back.
If you're wondering why York was in the area, he went to Cardinal Mooney High School in the Youngstown area.

#arrested

Sustainable Growth Advisers (SGA), an investment management company, released its second-quarter 2026 investor letter for its "Global Growth Strategy." The letter can be downloaded here. The SGA Global Growth Portfolio returned 7.4% gross and 7.2% net, compared with 14.9% for the MSCI ACWI and 19.8% for the MSCI ACWI Growth Index. Momentum leadership and enthusiasm around AI infrastructure drove markets, with semiconductor, memory, and hardware stocks accounting for much of the gain. Although the portfolio owned AI beneficiaries, broader holdings lagged despite fundamentals, as median revenue and EPS growth reached 12% and 14% and more than 60% of the holdings beat expectations. SGA believes valuation compression reflects sentiment rather than weaker business quality, leaving the portfolio near its widest discount to the market since inception. The firm continues to favor durable compounders and expects 16% revenue growth and 20% earnings growth over three years. Also, please check the Fund's top five holdings to see its best picks for 2026.
In its second-quarter 2026 investor letter, SGA Global Growth Strategy highlighted Linde plc (NASDAQ:LIN) as a new holding. Linde plc (NASDAQ:LIN) operates as the world's leading industrial gas company. On August 21, 2026, Linde plc (NASDAQ:LIN) closed at $487.57 per share. The one-month return of Linde plc (NASDAQ:LIN) was -3.84%, and its shares gained 2.03% over the past 52 weeks. Linde plc (NASDAQ:LIN) has a market capitalization of $224.76 billion.
SGA Global Growth Strategy stated the following regarding Linde plc (NASDAQ:LIN) in its Q2 2026 investor letter:
"Linde plc (NASDAQ:LIN), the world's largest industrial gas company, was added to the portfolio in April. We had previously exited the position in 2024 due to valuation considerations and forced attrition; since then, the stock price has consolidated while fundamentals continued to progress. Linde remains an attractive long-term investment, supported by a highly durable business model and meaningful structural advantages. A large share of revenue is generated from long-term, recurring customer contracts in essential end markets, providing strong pricing power and cash flow visibility even in a slower growth environment. The company's strengths are rooted in its production efficiency and broad exposure across diverse end markets, including healthcare, manufacturing, electronics, chemicals, and energy.
Looking ahead, Linde is well-positioned to benefit from structural improvements and a potential acceleration in global growth across several of its core markets over the medium term. The U.S., which accounts for roughly 45% of revenue, is likely to see improved growth driven by an industrial recovery, increased semiconductor manufacturing, and higher refinery utilization. Europe (approximately 25% of revenue) has been a headwind in recent years due to negative volume growth, but is expected to stabilize over the medium term, with the potential for mo

Sustainable Growth Advisers (SGA), an investment management company, released its second-quarter 2026 investor letter for its "Global Growth Strategy." The letter can be downloaded here. The SGA Global Growth Portfolio returned 7.4% gross and 7.2% net, compared with 14.9% for the MSCI ACWI and 19.8% for the MSCI ACWI Growth Index. Momentum leadership and enthusiasm around AI infrastructure drove markets, with semiconductor, memory, and hardware stocks accounting for much of the gain. Although the portfolio owned AI beneficiaries, broader holdings lagged despite fundamentals, as median revenue and EPS growth reached 12% and 14% and more than 60% of the holdings beat expectations. SGA believes valuation compression reflects sentiment rather than weaker business quality, leaving the portfolio near its widest discount to the market since inception. The firm continues to favor durable compounders and expects 16% revenue growth and 20% earnings growth over three years. Also, please check the Fund's top five holdings to see its best picks for 2026.
In its second-quarter 2026 investor letter, SGA Global Growth Strategy highlighted Salesforce, Inc. (NYSE:CRM). Salesforce, Inc. (NYSE:CRM) is a cloud computing company that offers Customer Relationship Management (CRM) technology that brings companies and customers together. On August 21, 2026, Salesforce, Inc. (NYSE:CRM) closed at $209.17 per share. The one-month return of Salesforce, Inc. (NYSE:CRM) is 21.95%, while its shares lost 14.59% over the past 52 weeks. Salesforce, Inc. (NYSE:CRM) has a market capitalization of $171.31 billion.
SGA Global Growth Strategy stated the following regarding Salesforce, Inc. (NYSE:CRM) in its Q2 2026 investor letter:
"Salesforce was a detractor from performance during the quarter as investor sentiment remained cautious following another quarter that merely met its guidance targets. Current remaining performance obligations (cRPO) growth were in line at roughly 9% rather than the historical pattern of beating by about a point, and the forward quarter guide was modest. Management acknowledged continued weakness in Marketing, Commerce, and Tableau (roughly 20% of revenue), partially offset by strength in Sales Cloud, Service Cloud, Slack, and Data Cloud (roughly 75% to 80% of revenue), with Sales and Service Cloud each posting seat growth in the quarter. Additionally, Agentforce annualized recurring revenue reached $1.2 billion, growing 205%. Management reiterated full-year guidance and a second-half reacceleration based on bookings strength and lower attrition, alongside a long-term double-digit organic growth target through CY29 with about 100 basis points of annual margin expansion. Despite concerns around AI‑driven competition, we believe Salesforce's integration into customer business processes, large installed base, and wide product set position it well to compete effectively in the Agentic AI era, supporting low-teens earnings growth over the next three years. We

Sustainable Growth Advisers (SGA), an investment management company, released its second-quarter 2026 investor letter for its "Global Growth Strategy." The letter can be downloaded here. The SGA Global Growth Portfolio returned 7.4% gross and 7.2% net, compared with 14.9% for the MSCI ACWI and 19.8% for the MSCI ACWI Growth Index. Momentum leadership and enthusiasm around AI infrastructure drove markets, with semiconductor, memory, and hardware stocks accounting for much of the gain. Although the portfolio owned AI beneficiaries, broader holdings lagged despite fundamentals, as median revenue and EPS growth reached 12% and 14% and more than 60% of the holdings beat expectations. SGA believes valuation compression reflects sentiment rather than weaker business quality, leaving the portfolio near its widest discount to the market since inception. The firm continues to favor durable compounders and expects 16% revenue growth and 20% earnings growth over three years. Also, please check the Fund's top five holdings to see its best picks for 2026.
In its second-quarter 2026 investor letter, SGA Global Growth Strategy added Equinix, Inc. (NASDAQ:EQIX) to its portfolio. Equinix, Inc. (NASDAQ:EQIX) is a leading digital infrastructure company that operates a global network of data centers and interconnected ecosystems, enabling seamless delivery of digital experiences and cutting-edge AI quickly and efficiently. On August 21, 2026, Equinix, Inc. (NASDAQ:EQIX) closed at $1,065.39 per share. The one-month return of Equinix, Inc. (NASDAQ:EQIX) was 1.78% and its shares gained 36.17% over the past 52 weeks. Equinix, Inc. (NASDAQ:EQIX) has a market capitalization of $105.12 billion.
SGA Global Growth Strategy stated the following regarding Equinix, Inc. (NASDAQ:EQIX) in its Q2 2026 investor letter:
"A position in Equinix, a leading global data center provider, was initiated during the quarter. The company sells **** e, power, and connectivity services across a global footprint, binding strategic clients to its facilities through interconnection and coplacement for low-latency and high-bandwidth services. Equinix is a familiar name for SGA, having been a portfolio holding for ten years before being sold in 2024 as the growth rate had slowed and management was in the midst of a leadership transition. Both dynamics have since reversed, with growth re-accelerating as AI inferencing ramps and power demand remains high, and with new leaders now announced and in place." (Click here to read the full text)

#Growth #eqix #letter #strategy

Sustainable Growth Advisers (SGA), an investment management company, released its second-quarter 2026 investor letter for its "Global Growth Strategy." The letter can be downloaded here. The SGA Global Growth Portfolio returned 7.4% gross and 7.2% net, compared with 14.9% for the MSCI ACWI and 19.8% for the MSCI ACWI Growth Index. Momentum leadership and enthusiasm around AI infrastructure drove markets, with semiconductor, memory, and hardware stocks accounting for much of the gain. Although the portfolio owned AI beneficiaries, broader holdings lagged despite fundamentals, as median revenue and EPS growth reached 12% and 14% and more than 60% of the holdings beat expectations. SGA believes valuation compression reflects sentiment rather than weaker business quality, leaving the portfolio near its widest discount to the market since inception. The firm continues to favor durable compounders and expects 16% revenue growth and 20% earnings growth over three years. Also, please check the Fund's top five holdings to see its best picks for 2026.
In its second-quarter 2026 investor letter, SGA Global Growth Strategy highlighted Alcon Inc. (NYSE:ALC). Alcon Inc. (NYSE:ALC) is a Swiss-based healthcare and medical technology company focused on eye care products. On August 21, 2026, Alcon Inc. (NYSE:ALC) closed at $73.63 per share. The one-month return of Alcon Inc. (NYSE:ALC) was 9.44% and its shares lost 8.83% over the past 52 weeks. Alcon Inc. (NYSE:ALC) has a market capitalization of $36.68 billion.
SGA Global Growth Strategy stated the following regarding Alcon Inc. (NYSE:ALC) in its Q2 2026 investor letter:
"During the quarter, we exited our position in Alcon Inc. (NYSE:ALC). Alcon remains a leader in eye care with exposure to increasing secular demand driven by aging and myopia, with market leadership across multiple categories. Strong launches in new equipment and eye drops drove topline growth of 6% constant currency and earnings per share growth of 16%+ in Q1. This was slightly below expectations of 7% growth, as the market for cataracts and contact lenses remains subdued. Additionally, the premium intraocular lens for cataracts is getting more competitive, with Alcon remaining the leader but expected to continue to cede share from the highs of 80%+ as competitors are catching up. Management continues to execute well on product launches to offset pressures in intraocular lens, which accounts for 17% of total sales. However, to account for the increased competition and subdued market conditions overall, we gradually reduced the position before ultimately redeploying the capital into a higher growth opportunity in Schneider Electric."

#market #strategy #Portfolio #quarter

Sustainable Growth Advisers (SGA), an investment management company, released its second-quarter 2026 investor letter for its "Global Growth Strategy." The letter can be downloaded here. The SGA Global Growth Portfolio returned 7.4% gross and 7.2% net, compared with 14.9% for the MSCI ACWI and 19.8% for the MSCI ACWI Growth Index. Momentum leadership and enthusiasm around AI infrastructure drove markets, with semiconductor, memory, and hardware stocks accounting for much of the gain. Although the portfolio owned AI beneficiaries, broader holdings lagged despite fundamentals, as median revenue and EPS growth reached 12% and 14% and more than 60% of the holdings beat expectations. SGA believes valuation compression reflects sentiment rather than weaker business quality, leaving the portfolio near its widest discount to the market since inception. The firm continues to favor durable compounders and expects 16% revenue growth and 20% earnings growth over three years. Also, please check the Fund's top five holdings to see its best picks for 2026.
In its second-quarter 2026 investor letter, SGA Global Growth Strategy highlighted Intuit Inc. (NASDAQ:INTU). Intuit Inc. (NASDAQ:INTU) provides financial management, payments and capital, compliance, and marketing products and services. On August 21, 2026, Intuit Inc. (NASDAQ:INTU) closed at $367.00 per share. The one-month return of Intuit Inc. (NASDAQ:INTU) was 20.76%, and its shares lost 44.14% over the past 52 weeks. Intuit Inc. (NASDAQ:INTU) has a market capitalization of $100.4 billion.
SGA Global Growth Strategy stated the following regarding Intuit Inc. (NASDAQ:INTU) in its Q2 2026 investor letter:
"We liquidated our position in Intuit Inc. (NASDAQ:INTU) during the quarter. Following the company's fiscal third quarter results, we became increasingly concerned with the DIY Tax weakness, continued deterioration in Mailchimp, and reduced visibility on the timing of any growth reacceleration, as well as management's ability to execute in a challenging environment. As a result, we exited the position and reallocated the capital to a new position in Arista Networks.
Intuit was a detractor from performance during the quarter. The company reported fiscal third quarter results that included a modest revenue beat and a full-year guidance increase, though results were overshadowed by weaker than expected Consumer Tax performance. TurboTax revenue grew 7%, below guidance, with notable weakness in the DIY segment. Management cited pressure among lower income, price sensitive filers and a contraction in total IRS filers of roughly 30 basis points. Despite double-digit revenue growth and ongoing margin expansion above 40%, we became increasingly concerned with the DIY Tax weakness, continued deterioration in Mailchimp, and reduced visibility on the timing of any growth reacceleration, as well as management's ability to execute in a challenging environment. Given these factors, we chose to exit the position and

Sustainable Growth Advisers (SGA), an investment management company, released its second-quarter 2026 investor letter for its "Global Growth Strategy." The letter can be downloaded here. The SGA Global Growth Portfolio returned 7.4% gross and 7.2% net, compared with 14.9% for the MSCI ACWI and 19.8% for the MSCI ACWI Growth Index. Momentum leadership and enthusiasm around AI infrastructure drove markets, with semiconductor, memory, and hardware stocks accounting for much of the gain. Although the portfolio owned AI beneficiaries, broader holdings lagged despite fundamentals, as median revenue and EPS growth reached 12% and 14% and more than 60% of the holdings beat expectations. SGA believes valuation compression reflects sentiment rather than weaker business quality, leaving the portfolio near its widest discount to the market since inception. The firm continues to favor durable compounders and expects 16% revenue growth and 20% earnings growth over three years. Also, please check the Fund's top five holdings to see its best picks for 2026.
In its second-quarter 2026 investor letter, SGA Global Growth Strategy highlighted ServiceNow, Inc. (NYSE:NOW). ServiceNow, Inc. (NYSE:NOW) is a cloud-based software company that provides a platform for automating and managing digital workflows. On August 21, 2026, ServiceNow, Inc. (NYSE:NOW) closed at $128.48 per share. The one-month return of ServiceNow, Inc. (NYSE:NOW) was 21.64%, and its shares lost 27.04% over the past 52 weeks. ServiceNow, Inc. (NYSE:NOW) has a market capitalization of $132.85 billion.
SGA Global Growth Strategy stated the following regarding ServiceNow, Inc. (NYSE:NOW) in its Q2 2026 investor letter:
"As part of our ongoing dialogue with ServiceNow, Inc. (NYSE:NOW), we met with President and Chief Legal Officer Hossein Nowbar and members of the company's legal, compensation and, human resources teams. A significant portion of the discussion focused on the company's recent acquisition activity and the importance of maintaining transparency with shareholders regarding strategic decision-making. Management disagreed with our characterization that its acquisition strategy had become more aggressive, describing the recent transactions as an unusual convergence of several deals rather than a fundamental change in approach. We emphasized that, regardless of management's intent, the lack of timely communication surrounding these transactions contributed to investor uncertainty and undermined shareholder confidence. We encouraged the company to provide clearer and more proactive disclosure around significant strategic decisions to help investors develop a better understanding of the rationale and risks ***** ociated with future acquisitions....." (Click here to read the full text)

#holdings

Wall Street misprices QCOM as a handset stock while automotive revenue surged 61% and Cristiano Amon targets $40B in non-handset revenue by 2029.
AVGO and MRVL both carry AI premiums, yet QCOM's forward P/E of 16 and EV/EBITDA of 13 make it the cheaper data center bet.
Act now: the ****** yst who called NVIDIA in 2010 just named his top 10 AI stocks — and Qualcomm didn't make the cut. Grab the names FREE today.
Wall Street prices Qualcomm (NASDAQ: QCOM) like a handset company facing a slow Apple exit. Our model sees a diversified semiconductor platform with a credible path into the data center, priced at a discount to its earnings power.
The 24/7 Wall St. price target for Qualcomm is $226.05 over the next 12 months, implying 41.14% upside from the current $160.61 quote. Our recommendation is buy, with a high confidence level of 90%.

#qualcomm #center

Guinness Global Innovators, an investment management company, recently released its Q2 2026 quarterly investor update for its "Guinness Global Innovators Fund". You can download the letter here. The Guinness Global Innovators Fund focuses on investing in global companies that benefit from innovation in technology, communication, globalization, and management strategies. In the second quarter of 2026, the Guinness Global Innovators Fund returned 13.8% in GBP, compared with 13.0% for the MSCI World Index and 13.1% for the IA Global sector average. Easing Middle East tensions, falling oil prices, and renewed enthusiasm for artificial intelligence helped reverse much of the caution seen earlier in the year, with investors rotating back toward growth stocks and AI infrastructure beneficiaries. The Fund benefited from its overweight position in the Information Technology sector, while its overweight position in Communication Services detracted. Avoiding weaker Utilities, Materials, and Energy also supported relative performance. Also, please check the Fund's top five holdings to see its best picks for 2026.
In its second-quarter 2026 investor letter, Guinness Global Innovators Fund highlighted KLA Corporation (NASDAQ:KLAC) as a notable contributor. KLA Corporation (NASDAQ:KLAC) designs, manufactures, and markets process control, process-enabling, and yield management solutions for the semiconductor and related electronics industries worldwide. On August 21, 2026, KLA Corporation (NASDAQ:KLAC) closed at $183.99 per share. The one-month return of KLA Corporation (NASDAQ:KLAC) was -9.52% and its shares gained 109.19% over the past 52 weeks. KLA Corporation (NASDAQ:KLAC) has a market capitalization of $240.39 billion.
Guinness Global Innovators Fund stated the following regarding KLA Corporation (NASDAQ:KLAC) in its Q2 2026 investor letter:
"The Fund holds three semiconductor equipment manufacturers, which provide wafer fabrication equipment (WFE). They were the top performers over the quarter: Applied Materials (+111.8% in USD) KLA Corporation (NASDAQ:KLAC) (+105.2%), and LAM Research (+103.0%). WFE companies sit at the heart of the semiconductor value chain, supplying the highly specialised tools needed to manufacture advanced chips. As demand for AI, high-performance computing and data centre infrastructure has accelerated, foundries and integrated device manufacturers have responded with record levels of capital expenditure, driving a strong upcycle in WFE spending. The AI infrastructure build-out is particularly supportive, as hyperscalers require not only more chips, but increasingly complex and advanced architectures, materially increasing equipment intensity across the manufacturing process. As a result, these companies have been printing strong quarterly earnings reports. KLA, the leader in process control and yield management, continues to play a critical role as semiconductor manufacturing becomes increasingly complex. Demand for its inspecti

Guinness Global Innovators, an investment management company, recently released its Q2 2026 quarterly investor update for its "Guinness Global Innovators Fund". You can download the letter here. The Guinness Global Innovators Fund focuses on investing in global companies that benefit from innovation in technology, communication, globalization, and management strategies. In the second quarter of 2026, the Guinness Global Innovators Fund returned 13.8% in GBP, compared with 13.0% for the MSCI World Index and 13.1% for the IA Global sector average. Easing Middle East tensions, falling oil prices, and renewed enthusiasm for artificial intelligence helped reverse much of the caution seen earlier in the year, with investors rotating back toward growth stocks and AI infrastructure beneficiaries. The Fund benefited from its overweight position in the Information Technology sector, while its overweight position in Communication Services detracted. Avoiding weaker Utilities, Materials, and Energy also supported relative performance. Also, please check the Fund's top five holdings to see its best picks for 2026.
In its second-quarter 2026 investor letter, Guinness Global Innovators Fund highlighted Lam Research Corporation (NASDAQ:LRCX). Lam Research Corporation (NASDAQ:LRCX) is a leading semiconductor equipment company that supplies semiconductor processing equipment used in the fabrication of integrated circuits. On August 21, 2026, Lam Research Corporation (NASDAQ:LRCX) closed at $314.00 per share. The one-month return of Lam Research Corporation (NASDAQ:LRCX) was 7.68%, while its shares gained 210.03% over the past 52 weeks. Lam Research Corporation (NASDAQ:LRCX) has a market capitalization of $383.62 billion.
Guinness Global Innovators Fund stated the following regarding Lam Research Corporation (NASDAQ:LRCX) in its Q2 2026 investor letter:
"The Fund holds three semiconductor equipment manufacturers, which provide wafer fabrication equipment (WFE). They were the top performers over the quarter: Applied Materials (+111.8% in USD) KLA (+105.2%), and Lam Research Corporation (NASDAQ:LRCX) (+103.0%). WFE companies sit at the heart of the semiconductor value chain, supplying the highly specialised tools needed to manufacture advanced chips. As demand for AI, high-performance computing and data centre infrastructure has accelerated, foundries and integrated device manufacturers have responded with record levels of capital expenditure, driving a strong upcycle in WFE spending. The AI infrastructure build-out is particularly supportive, as hyperscalers require not only more chips, but increasingly complex and advanced architectures, materially increasing equipment intensity across the manufacturing process. As a result, these companies have been printing strong quarterly earnings reports. Lam, which specialises in etch and deposition, has been supported by accelerating DRAM and high-bandwidth memory demand, resilient China revenues, and faster-than-expected

Karen Attiah must be reinstated by The Washington Post and receive back pay after an arbitrator ruled the newspaper lacked sufficient cause to fire the opinion columnist over her social media posts following the ******* assination of conservative activist Charlie Kirk.
Arbitrator Sarah Miller Espinosa found the Post "did not have good and sufficient cause" to terminate Attiah and failed to establish that she engaged in "gross misconduct," according to a decision obtained by The New York Times. Attiah was fired by the Post in September after posting about Kirk's killing on Bluesky.
"This decision confirms what we've said from the start: I was doing my job as an opinion writer, and this was wrongful termination," Attiah said in a statement, adding that she was "relieved to finally have that record set straight."
Attiah told the Times that she was "willing to go back" to the Post, which she called "one of the world's most storied newspapers." A Washington Post spokeswoman told the Times that the company respects the arbitration process and declined to comment further.
Attiah was fired after posting on Bluesky about the reaction to Kirk's ******* assination. In one post, she wrote, "Refusing to tear my clothes and smear ashes on my face in performative mourning for a white man that espoused violence is … not the same as violence."

#times #washington #arbitrator #opinion

Guinness Global Innovators, an investment management company, recently released its Q2 2026 quarterly investor update for its "Guinness Global Innovators Fund". You can download the letter here. The Guinness Global Innovators Fund focuses on investing in global companies that benefit from innovation in technology, communication, globalization, and management strategies. In the second quarter of 2026, the Guinness Global Innovators Fund returned 13.8% in GBP, compared with 13.0% for the MSCI World Index and 13.1% for the IA Global sector average. Easing Middle East tensions, falling oil prices, and renewed enthusiasm for artificial intelligence helped reverse much of the caution seen earlier in the year, with investors rotating back toward growth stocks and AI infrastructure beneficiaries. The Fund benefited from its overweight position in the Information Technology sector, while its overweight position in Communication Services detracted. Avoiding weaker Utilities, Materials, and Energy also supported relative performance. Also, please check the Fund's top five holdings to see its best picks for 2026.
In its second-quarter 2026 investor letter, Guinness Global Innovators Fund highlighted Advanced Micro Devices, Inc. (NASDAQ:AMD) as a new holding. Advanced Micro Devices, Inc. (NASDAQ:AMD) is a leading semiconductor company that designs and manufactures AI accelerators, microprocessors, and graphics processing units. On August 21, 2026, Advanced Micro Devices, Inc. (NASDAQ:AMD) closed at $473.25 per share, reflecting a market capitalization of $772.57 billion. Advanced Micro Devices, Inc. (NASDAQ:AMD) posted a one-month return of -4.38%, while its shares gained 189.70% over the past 52 weeks.
Guinness Global Innovators Fund stated the following regarding Advanced Micro Devices, Inc. (NASDAQ:AMD) in its Q2 2026 investor letter:
"Advanced Micro Devices, Inc. (NASDAQ:AMD) is a fabless semiconductor company focused on high-performance and AI computing. It designs and sells a broad portfolio of AI-optimised processors and networking chips, positioning itself as a full-stack solutions provider across cloud and AI infrastructure while maintaining strong competitive positioning in PC and gaming endmarkets. AMD has notably closed the performance gap with Nvidia in recent years, driven by targeted acquisitions and sustained software investment. The Helios platform, built on AMD's acquisition of systems integrator ZT Systems, is AMD's first rack-scale system unifying graphical processing units (GPUs), computer processing units (CPUs) and Pensando networking into a frontier AI infrastructure solution, and should be a material growth driver from 2027 onwards. AMD is also structurally advantaged by a shift in data centre computational architecture. Its EPYC server CPUs offer industryleading performance-per-dollar and have taken substantial share from Intel in enterprise and cloud deployments. The rapid build-out of AI infrastructure is driving demand for high

KLAC dropped 14% in a month despite holding 6x the process-control market share of its nearest rival and raising its advanced-packaging revenue guidance over 70%.
KLAC has outpaced SPY with a 52% year-to-date gain yet trades nearly 40% below its 52-week high with zero ****** yst sell ratings among 29 covering the stock.
CEO Rick Wallace sold 87,568 shares at $199 and a China export-control escalation remains the single risk that could invalidate the bull thesis outright.
Act now: the ****** yst who called NVIDIA in 2010 just named his top 10 AI stocks — and KLA didn't make the cut. Grab the names FREE today.
At $183.99, KLA Corporation (NASDAQ:KLAC) looks compelling at current levels. The stock has fallen 14.2% over the past month even as management raised its outlook on the two fastest-growing corners of the semiconductor equipment market, creating a rare dislocation in a stock that rarely goes on sale.

#control #analyst

Guinness Global Innovators, an investment management company, recently released its Q2 2026 quarterly investor update for its "Guinness Global Innovators Fund". You can download the letter here. The Guinness Global Innovators Fund focuses on investing in global companies that benefit from innovation in technology, communication, globalization, and management strategies. In the second quarter of 2026, the Guinness Global Innovators Fund returned 13.8% in GBP, compared with 13.0% for the MSCI World Index and 13.1% for the IA Global sector average. Easing Middle East tensions, falling oil prices, and renewed enthusiasm for artificial intelligence helped reverse much of the caution seen earlier in the year, with investors rotating back toward growth stocks and AI infrastructure beneficiaries. The Fund benefited from its overweight position in Information Technology sector, while overweight position in Communication Services detracted. Avoiding weaker Utilities, Materials, and Energy also supported relative performance. The letter examines the five distinct market phases that shaped the first half, changing Federal Reserve policy expectations, surging hyperscaler and semiconductor capital expenditure, and record capital raising across the AI ecosystem. Also, please check the Fund's top five holdings to see its best picks for 2026.
In its second-quarter 2026 investor letter, Guinness Global Innovators Fund highlighted Netflix, Inc. (NASDAQ:NFLX) noting it was one of the weaker performers during the quarter. Netflix, Inc. (NASDAQ:NFLX) is a leading subscription-based streaming entertainment platform. On August 21, 2026, Netflix, Inc. (NASDAQ:NFLX) closed at $79.59 per share, reflecting a market capitalization of $331.41 billion. Netflix, Inc. (NASDAQ:NFLX) posted a one‑month return of 13.05%, while its shares lost 34.66% over the past 52 weeks.
Guinness Global Innovators Fund stated the following regarding Netflix, Inc. (NASDAQ:NFLX) in its Q2 2026 investor letter:
"Netflix, Inc. (NASDAQ:NFLX), the streaming giant, was one of the Fund's weaker performers over the quarter, following a harsh share price reaction to its last quarterly print. Shares sold off despite strong organic growth driven by strong membership numbers, higher pricing, and increased advertising revenue. There was also a boost to earnings per share from the termination fee related to Paramount's merger with Warner Bros, as Netflix had previously been in talks to acquire the latter's studio and streaming ******* ets. However, the market was disappointed by Netflix choosing to maintain guidance for 2026 despite the positive momentum seen in the first quarter. This was taken as a potential indicator of growth deceleration in future quarters, with some questioning whether Netflix can sustain pricing power given the increases it has already pushed through the subscriber base. The company also announced the departure of its Co-founder and Chairman Reed Hastings to focus on philanthropic and

The U.S. Treasury is considering using its near-$950 billion General Account to help fund its recently announced bond buyback program, according to CNBC, citing two senior Treasury officials. The officials said the account is considered available for purchases of off-the-run securities but declined to specify how much, if any, would be used or when an announcement might come.
The TGA, which functions as the federal government's primary operating account at the Federal Reserve, stood at roughly $950 billion as of the officials' comments — a figure that dwarfs the $550 to $600 billion level that the Biden administration had aimed to maintain. Treasury Secretary Scott Bessent built the balance to its current level, and officials said it is funded with existing tax collections.
The prevailing expectation in markets was that the purchases would be paid for through new short-term bill sales, an approach Bessent labeled a "Treasury Twist" during a CNBC appearance last week. The senior officials did not rule out that approach, but made clear the TGA represents an additional potential funding source.
Tapping the TGA could counter doubts expressed by ******* ysts who have argued that the program lacks the scale to exert any real influence on long-term yields. Since the buyback announcement last week, bonds had retreated from an initial rally, pushing yields higher.
Officials indicated they do not view a partial TGA drawdown as creating any near-term cash management problem. Current projections put the next debt-ceiling bind sometime between next winter and early spring, which officials said provides a reasonable window to restore the balance before any constraint bites. Should the Treasury choose to hold the TGA near its current level after using some funds for buybacks, it would need to conduct additional debt sales to restore the account.

#account

Loomis Sayles, an investment management company, released its "Global Growth Fund" investor letter for Q2 2026. You can download a copy of the letter here. The fund returned 6.43%, underperforming the MSCI ACWI Index's 14.93% return. The fund employs a long-term private equity investment strategy, focusing on high-quality businesses with sustainable competitive advantages, investing at significant discounts to intrinsic value. At quarter-end, the fund maintained an overweight in communication services, consumer discretionary and healthcare sectors, and an underweight in information technology, financials, industrials, and consumer staples sectors. Also, please check the Fund's top five holdings to see its best picks for 2026.
In its Q2 2026 investor letter, Loomis Sayles Global Growth Fund highlighted Arm Holdings plc (NASDAQ:ARM) as a leading contributor. Arm Holdings plc (NASDAQ:ARM) is a UK-based technology company that develops and licenses central processing unit designs and related technologies for semiconductor companies and original equipment manufacturers. On August 21, 2026, Arm Holdings plc (NASDAQ:ARM) closed at $243.32 per share. The one-month return of Arm Holdings plc (NASDAQ:ARM) was -8.64%, and its shares gained 76.60% over the past 52 weeks. Arm Holdings plc (NASDAQ:ARM) has a market capitalization of $259.87 billion.
Loomis Sayles Global Growth Fund stated the following regarding Arm Holdings plc (NASDAQ:ARM) in its Q2 2026 investor letter:
"Arm Holdings plc (NASDAQ:ARM) is the world's leading microprocessor intellectual property (IP) supplier. The company develops and licenses its microprocessor IP technology to a network of partners to facilitate the design and manufacture of semiconductor chips used in a wide range of end markets, with a primary focus on mobile, cloud, automotive, and IoT (internet of things). Arm's clients include most of the world's leading semiconductor companies, which pay licensing fees to utilize the company's industry-standard technologies and ongoing royalties for the resulting chips incorporating its technology. While it can take in excess of five years before newly licensed technology is commercialized into new products, the resulting royalty payments to Arm can span decades. We owned Arm in our large cap and all cap growth portfolios from 2012 until it was acquired by SoftBank Group in 2016. Under SoftBank, the company invested substantially in research and development (R&D) and accelerated its pace of innovation. As a result, Arm launched Armv9, its most advanced processor architecture, and its Neoverse microarchitecture that now enables the company to effectively compete in the data center business..…" (Click here to read the full text)

#company

Aoris Investment Management, a specialist international equity manager, released its Q2 2026 investor letter for "Aoris International Fund". A copy of the letter can be downloaded here. The fund invests in high-quality, wealth-generating businesses managed by prudent and capable teams, targeting an annual return of 8–12% after fees over a 5–7-year market cycle. During the June quarter, international equity markets, as represented by the MSCI AC World Accumulation Index ex Australia, returned 13.8% in AUD terms. In local currencies, the return 15.1%. The Portfolio's Class A (Unhedged) returned 5.7% after fees, underperforming its benchmark by 8.1%, while the Class C (Hedged) gained 6.7%, 8.4% less than its benchmark. The June quarter continued to reflect an unusual year, marked by significant share price increases among AI infrastructure companies, particularly semiconductor producers and data center suppliers. Economic sectors like banks and commodity producers saw gains, but the firm chose not to invest due to their cyclicality and low growth prospects. Conversely, concerns about enterprise software and data companies, challenged by AI, negatively impacted performance. The letter outlined potential incremental opportunities for portfolio companies through AI. Additionally, reviewing the Fund's top five holdings could help identify its best picks for 2026.
In its Q2 2026 investor letter, Aoris Investment Management highlighted InterContinental Hotels Group PLC (NYSE:IHG). InterContinental Hotels Group PLC (NYSE:IHG) is a leading hospitality company owns, manages, franchises, and leases hotels globally. On August 21, 2026, InterContinental Hotels Group PLC (NYSE:IHG) closed at $159.91 per share, reflecting a market capitalization of $23.55 billion. InterContinental Hotels Group PLC (NYSE:IHG) posted a one‑month return of 0.25%, while its shares gained 32.18% over the past 52 weeks.
Aoris Investment Management stated the following regarding InterContinental Hotels Group PLC (NYSE:IHG) in its Q2 2026 investor letter:
"InterContinental Hotels Group PLC (NYSE:IHG) is a brand owner and franchisor of global hotel chains, including Holiday Inn, InterContinental and Crowne Plaza. Hotel owners pay IHG a franchise fee in exchange for access to its brands, loyalty program, and IT systems to help manage their properties, reservations and pricing. IHG franchisees earn better economics than independent hotels, which is why an increasing share of new and existing hotels are choosing to partner with IHG.
IHG's technology systems are a core advantage over smaller chains and independent hotels. AI can widen this gap through improvements in its search functions, booking process, customer service, pricing, marketing, and operational efficiency. For example, IHG is developing AI-powered conversational search to help guests book properties and receive more detailed information about its franchisees' rooms and services.…" (Click here to read the full text)

#inves

Aoris Investment Management, a specialist international equity manager, released its Q2 2026 investor letter for "Aoris International Fund". A copy of the letter can be downloaded here. The fund invests in high-quality, wealth-generating businesses managed by prudent and capable teams, targeting an annual return of 8–12% after fees over a 5–7-year market cycle. During the June quarter, international equity markets, as represented by the MSCI AC World Accumulation Index ex Australia, returned 13.8% in AUD terms. In local currencies, the return 15.1%. The Portfolio's Class A (Unhedged) returned 5.7% after fees, underperforming its benchmark by 8.1%, while the Class C (Hedged) gained 6.7%, 8.4% less than its benchmark. The June quarter continued to reflect an unusual year, marked by significant share price increases among AI infrastructure companies, particularly semiconductor producers and data center suppliers. Economic sectors like banks and commodity producers saw gains, but the firm chose not to invest due to their cyclicality and low growth prospects. Conversely, concerns about enterprise software and data companies, challenged by AI, negatively impacted performance. The letter outlined potential incremental opportunities for portfolio companies through AI. Additionally, reviewing the Fund's top five holdings could help identify its best picks for 2026.
In its Q2 2026 investor letter, Aoris Investment Management highlighted Visa Inc. (NYSE:V). Visa Inc. (NYSE:V) is a multinational financial services company known for its payment technology network that offers credit, debit, and prepaid card products and other services. On August 21, 2026, Visa Inc. (NYSE:V) closed at $371.04 per share, reflecting a market capitalization of $692.74 billion. Visa Inc. (NYSE:V) posted a one‑month return of 2.35%, while its shares gained 6.37% over the past 52 weeks.
Aoris Investment Management stated the following regarding Visa Inc. (NYSE:V) in its Q2 2026 investor letter:
"Visa Inc. (NYSE:V) is the world's largest payment network, enabling consumers and businesses to transact with over 130 million merchants globally in a convenient and secure way. It earns 70% of its revenue by charging fixed and percentage-based fees on transactions processed over its network. The other 30% comes from a range of payment-related services that help financial institutions and merchants to reduce fraud, improve back-office efficiency, increase sales and deepen customer loyalty.
If AI agents start making purchases on behalf of consumers and businesses, which is known as agentic commerce, then Visa's secure credentials, fraud controls, acceptance, dispute resolution and trusted network rules will become increasingly important. More digital commerce usually means more transactions, which would benefit Visa's transaction-based fees. Agentic commerce may also accelerate Visa's market share gains against domestic card networks like Eftpos, many of which still aren't accepted for onl

Aoris Investment Management, a specialist international equity manager, released its Q2 2026 investor letter for "Aoris International Fund". A copy of the letter can be downloaded here. The fund invests in high-quality, wealth-generating businesses managed by prudent and capable teams, targeting an annual return of 8–12% after fees over a 5–7-year market cycle. During the June quarter, international equity markets, as represented by the MSCI AC World Accumulation Index ex Australia, returned 13.8% in AUD terms. In local currencies, the return 15.1%. The Portfolio's Class A (Unhedged) returned 5.7% after fees, underperforming its benchmark by 8.1%, while the Class C (Hedged) gained 6.7%, 8.4% less than its benchmark. The June quarter continued to reflect an unusual year, marked by significant share price increases among AI infrastructure companies, particularly semiconductor producers and data center suppliers. Economic sectors like banks and commodity producers saw gains, but the firm chose not to invest due to their cyclicality and low growth prospects. Conversely, concerns about enterprise software and data companies, challenged by AI, negatively impacted performance. The letter outlined potential incremental opportunities for portfolio companies through AI. Additionally, reviewing the Fund's top five holdings could help identify its best picks for 2026.
In its Q2 2026 investor letter, Aoris Investment Management highlighted RELX PLC (NYSE:RELX). RELX PLC (NYSE:RELX) is a British-based information ****** ytics and decision solutions provider for professional and business customers. On August 21, 2026, RELX PLC (NYSE:RELX) stock closed at $35.91 per share. One-month return of RELX PLC (NYSE:RELX) was 0.73%, and its shares lost 24.86% over the past 52 weeks. RELX PLC (NYSE:RELX) has a market capitalization of $62.03 billion.
Aoris Investment Management stated the following regarding RELX PLC (NYSE:RELX) in its Q2 2026 investor letter:
"RELX PLC (NYSE:RELX) provides data, ****** ytics and decision-making tools for professional users in the science, academia, legal, risk and insurance industries. One-third of its revenue comes from scientific content and research tools, one-third comes from risk management solutions like identity verification and anti-money laundering, 20% comes from content and tools for the legal industry, and 10% comes from running trade exhibitions.
RELX owns and curates large bodies of proprietary and authoritative content, which has become more valuable as the internet is largely exhausted as a training resource for AI models. Legal work is especially well-suited to generative AI because it's language-intensive, but also an area where accuracy matters. RELX's AI products help lawyers research, draft and conduct due diligence faster, while remaining anchored to trusted legal content. Just two and a half years after launch, around half of its legal customers have subscribed to its premium AI offering. AI is also making frau

Aoris Investment Management, a specialist international equity manager, released its Q2 2026 investor letter for "Aoris International Fund". A copy of the letter can be downloaded here. The fund invests in high-quality, wealth-generating businesses managed by prudent and capable teams, targeting an annual return of 8–12% after fees over a 5–7-year market cycle. During the June quarter, international equity markets, as represented by the MSCI AC World Accumulation Index ex Australia, returned 13.8% in AUD terms. In local currencies, the return 15.1%. The Portfolio's Class A (Unhedged) returned 5.7% after fees, underperforming its benchmark by 8.1%, while the Class C (Hedged) gained 6.7%, 8.4% less than its benchmark. The June quarter continued to reflect an unusual year, marked by significant share price increases among AI infrastructure companies, particularly semiconductor producers and data center suppliers. Economic sectors like banks and commodity producers saw gains, but the firm chose not to invest due to their cyclicality and low growth prospects. Conversely, concerns about enterprise software and data companies, challenged by AI, negatively impacted performance. The letter outlined potential incremental opportunities for portfolio companies through AI. Additionally, reviewing the Fund's top five holdings could help identify its best picks for 2026.
In its Q2 2026 investor letter, Aoris Investment Management highlighted SAP SE (NYSE:SAP). Headquartered in Walldorf, Germany, SAP SE (NYSE:SAP) is a leading enterprise application and business solutions provider. On August 21, 2026, SAP SE (NYSE:SAP) closed at $218.68 per share, reflecting a market capitalization of $256.39 billion. SAP SE (NYSE:SAP) posted a one-month return of 27.88%, while its shares lost 19.09% over the past 52 weeks.
Aoris Investment Management stated the following regarding SAP SE (NYSE:SAP) in its Q2 2026 investor letter:
"SAP SE (NYSE:SAP) is the world's leading enterprise resource planning (ERP) software company. ERP systems run core business processes such as finance, human resources, manufacturing, supply chain management and customer relationship management. SAP is a core system of record for many of the world's largest organisations. Of the world's 100 largest organisations, 99 use SAP's solutions, and 80% of all the world's transactions touch an SAP system.
The value of SAP's systems should increase, because AI is only useful when it can access accurate data, business context and established workflows. AI is providing opportunities for SAP to layer on additional services which the company believes can add 20% or more to a customer's spending. Examples include its Business Data Cloud, which brings together SAP and non-SAP data for real-time ******* ysis, and its Joule AI agent, which can automate work with an understanding of customers' existing data structures and processes…" (Click here to read the full text)

#aoris #investor #return

Aoris Investment Management, a specialist international equity manager, released its Q2 2026 investor letter for "Aoris International Fund". A copy of the letter can be downloaded here. The fund invests in high-quality, wealth-generating businesses managed by prudent and capable teams, targeting an annual return of 8–12% after fees over a 5–7-year market cycle. During the June quarter, international equity markets, as represented by the MSCI AC World Accumulation Index ex Australia, returned 13.8% in AUD terms. In local currencies, the return 15.1%. The Portfolio's Class A (Unhedged) returned 5.7% after fees, underperforming its benchmark by 8.1%, while the Class C (Hedged) gained 6.7%, 8.4% less than its benchmark. The June quarter continued to reflect an unusual year, marked by significant share price increases among AI infrastructure companies, particularly semiconductor producers and data center suppliers. Economic sectors like banks and commodity producers saw gains, but the firm chose not to invest due to their cyclicality and low growth prospects. Conversely, concerns about enterprise software and data companies, challenged by AI, negatively impacted performance. The letter outlined potential incremental opportunities for portfolio companies through AI. Additionally, reviewing the Fund's top five holdings could help identify its best picks for 2026.
In its Q2 2026 investor letter, Aoris Investment Management highlighted Cintas Corporation (NASDAQ:CTAS). Cintas Corporation (NASDAQ:CTAS) engages in the provision of corporate identity uniforms and related business services. On August 21, 2026, Cintas Corporation (NASDAQ:CTAS) closed at $203.79 per share, reflecting a market capitalization of $81.55 billion. Cintas Corporation (NASDAQ:CTAS) posted a one‑month return of -3.41%, while its shares lost 3.81% over the past 52 weeks.
Aoris Investment Management stated the following regarding Cintas Corporation (NASDAQ:CTAS) in its Q2 2026 investor letter:
"Cintas Corporation (NASDAQ:CTAS) is America's largest uniform rental company. It earns 40% of its revenue from collecting, laundering and replacing uniforms for customers in industries such as hospitality, entertainment, manufacturing and healthcare. It also offers other facility services like the laundering of entrance mats, replenishment of restroom supplies, and monitoring of first aid kits and fire protection equipment.
Cintas has long used technology to improve service and efficiency, such as the SmartTruck system, which optimises its technicians' workday routes, and garment-tracking technology to reduce the likelihood of lost uniforms. AI should be another tool for Cintas to improve its logistics, service quality, sales effectiveness and cost control…" (Click here to read the full text)

#letter

Aoris Investment Management, a specialist international equity manager, released its Q2 2026 investor letter for "Aoris International Fund". A copy of the letter can be downloaded here. The fund invests in high-quality, wealth-generating businesses managed by prudent and capable teams, targeting an annual return of 8–12% after fees over a 5–7-year market cycle. During the June quarter, international equity markets, as represented by the MSCI AC World Accumulation Index ex Australia, returned 13.8% in AUD terms. In local currencies, the return 15.1%. The Portfolio's Class A (Unhedged) returned 5.7% after fees, underperforming its benchmark by 8.1%, while the Class C (Hedged) gained 6.7%, 8.4% less than its benchmark. The June quarter continued to reflect an unusual year, marked by significant share price increases among AI infrastructure companies, particularly semiconductor producers and data center suppliers. Economic sectors like banks and commodity producers saw gains, but the firm chose not to invest due to their cyclicality and low growth prospects. Conversely, concerns about enterprise software and data companies, challenged by AI, negatively impacted performance. The letter outlined potential incremental opportunities for portfolio companies through AI. Additionally, reviewing the Fund's top five holdings could help identify its best picks for 2026.
In its Q2 2026 investor letter, Aoris Investment Management highlighted W.W. Grainger, Inc. (NYSE:GWW). W.W. Grainger, Inc. (NYSE:GWW) is leading supplier of maintenance, repair, and operating products and services, serving customers across industries. On August 21, 2026, W.W. Grainger, Inc. (NYSE:GWW) closed at $1,312.24 per share, reflecting a market capitalization of $61.81 billion. W.W. Grainger, Inc. (NYSE:GWW) posted a one‑month return of -6.20%, while its shares gained 29.48% over the past 52 weeks.
Aoris Investment Management stated the following regarding W.W. Grainger, Inc. (NYSE:GWW) in its Q2 2026 investor letter:
"W.W. Grainger, Inc. (NYSE:GWW) is a leading distributor of maintenance, repair and operating (MRO) supplies in North America and ******* an. Around 80% of its revenue comes from high-touch service for large and complex organisations, while the remainder comes from an online-only offering for smaller purchases.
Grainger is using AI to improve the search functionality and depth of product information on its e-commerce platform, helping customers find the right part faster and with more certainty. Internally it's using AI to improve the speed and resolution of customer service queries and the effectiveness of its salespeople.…" (Click here to read the full text)

#NYSE #aoris #letter #management

Abacus Worldwide, an international alliance of independent accounting, consulting and legal businesses, has added Chinese accounting practice WSP Biz Advisory (WSP) to its network.
Headquartered in Shanghai, WSP delivers auditing, taxation and advisory services to both domestic and international enterprises.
The company ****** ists organisations that conduct business within or alongside China, specifically supporting clients with regulatory compliance, cross-border transactions and complicated commercial conditions.
WSP enters the Abacus alliance through Abacus One, a dedicated membership tier designed for individual practitioners aiming to scale their practices.
Abacus Worldwide chief operating officer Jessica L. Levin said: "This marks an important return for our ****** ociation in China, a market that is central to so many of our members' cross-border relationships.

#abacus