6 hours ago
Liverpool have agreed personal terms with Rayan "in principle" in the event that Bournemouth opt to sell the attacker this summer.
DOWNLOAD THE OFFICIAL EMPIRE OF THE KOP APP FOR ALL THE LATEST & BREAKING UPDATES – STRAIGHT TO YOUR PHONE! ON APPLE & GOOGLE PLAY
A reputable source on X (formerly Twitter) insisted that fans should keep a close eye on this story as it develops, with the Merseysiders simultaneously pursuing Bradley Barcola at PSG.
The Brazilian enjoyed an impressive first half-season in the Premier League, registering seven goal contributions (five goals and two **** ists) in 15 games.
At 19 years of age, the right-sided winger has already impressed in a campaign that uniquely frustrated wide players as the English top-flight shifted towards more physical play and set-pieces.
#download
DOWNLOAD THE OFFICIAL EMPIRE OF THE KOP APP FOR ALL THE LATEST & BREAKING UPDATES – STRAIGHT TO YOUR PHONE! ON APPLE & GOOGLE PLAY
A reputable source on X (formerly Twitter) insisted that fans should keep a close eye on this story as it develops, with the Merseysiders simultaneously pursuing Bradley Barcola at PSG.
The Brazilian enjoyed an impressive first half-season in the Premier League, registering seven goal contributions (five goals and two **** ists) in 15 games.
At 19 years of age, the right-sided winger has already impressed in a campaign that uniquely frustrated wide players as the English top-flight shifted towards more physical play and set-pieces.
#download
15 hours ago
CHICAGO, ILLINOIS - JULY 23: Paige Bueckers #5 of the Dallas Wings arrives at the Orange Carpet as a part of the 2026 AT&T WNBA All-Star Weekend at McCormick Place on July 23, 2026 in Chicago, Illinois. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and or using this photograph, User is consenting to the terms and conditions of the Getty Images License Agreement. (Photo by Geoff Stellfox/Getty Images)
The beauty of a five-month-long basketball season is that it leaves room for pauses – a mid-season exhale, even. For the WNBA, it arrives in the form of All-Star Weekend. It's a moment when the league's best fans come together to vote on who and what they want to see, creating a weekend built around the All-Star Game, the 3-Point Contest, and a series of, what's supposed to be, lighthearted challenges. Unless you caught any part of the Stud Budz livestream, then it was more like a weekend-bender partying with a little side of hoops.
Although the weekend is centered around basketball and partying, the main event has quietly become fashion. Players have shown up ready to make statements, debut new looks, new partnerships with stylists and, yes, occasionally hard-launch new relationships along the way. This year, more than ever, it felt like stylists were part of the equation, helping players hone in and polish their sense of style. The influence and emblem of basketball was everywhere, whether through stitched motifs, graphic details, or the written across letterman jackets, cargo pants, and t-shirts.
Custom pieces were also trending this red-carpet, with more masculine, blinged-out, and colorful suits were the center of the carpet. Along with this, we saw sleek monochromatic moments. Ombré became one of the defining looks of the weekend, especially as the All-Star Game warm-up uniforms echoed the same gradient effect. From the orange carpet to the after-parties, everyone embraced the chance to have a little fun—and we rounded up the best fits from the weekend below.
CHICAGO, ILLINOIS - JULY 23: Flau'jae Johnson #4 of the Seattle Storm arrives at the Orange Carpet as a part of the 2026 AT&T WNBA All-Star Weekend at McCormick Place on July 23, 2026 in Chicago, Illinois. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and or using this photograph, User is consenting to the terms and conditions of the Getty Images License Agreement. (Photo by Geoff Stellfox/Getty Images)
#user #star #july
The beauty of a five-month-long basketball season is that it leaves room for pauses – a mid-season exhale, even. For the WNBA, it arrives in the form of All-Star Weekend. It's a moment when the league's best fans come together to vote on who and what they want to see, creating a weekend built around the All-Star Game, the 3-Point Contest, and a series of, what's supposed to be, lighthearted challenges. Unless you caught any part of the Stud Budz livestream, then it was more like a weekend-bender partying with a little side of hoops.
Although the weekend is centered around basketball and partying, the main event has quietly become fashion. Players have shown up ready to make statements, debut new looks, new partnerships with stylists and, yes, occasionally hard-launch new relationships along the way. This year, more than ever, it felt like stylists were part of the equation, helping players hone in and polish their sense of style. The influence and emblem of basketball was everywhere, whether through stitched motifs, graphic details, or the written across letterman jackets, cargo pants, and t-shirts.
Custom pieces were also trending this red-carpet, with more masculine, blinged-out, and colorful suits were the center of the carpet. Along with this, we saw sleek monochromatic moments. Ombré became one of the defining looks of the weekend, especially as the All-Star Game warm-up uniforms echoed the same gradient effect. From the orange carpet to the after-parties, everyone embraced the chance to have a little fun—and we rounded up the best fits from the weekend below.
CHICAGO, ILLINOIS - JULY 23: Flau'jae Johnson #4 of the Seattle Storm arrives at the Orange Carpet as a part of the 2026 AT&T WNBA All-Star Weekend at McCormick Place on July 23, 2026 in Chicago, Illinois. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and or using this photograph, User is consenting to the terms and conditions of the Getty Images License Agreement. (Photo by Geoff Stellfox/Getty Images)
#user #star #july
15 hours ago
The EMA GARP Fund, managed by Equity Management ******* ociates, recently released its second-quarter investor letter for 2026. The letter can be downloaded here. The letter emphasizes that capital expenditures in artificial intelligence (AI) are driving growth and earnings, despite extreme valuations in the U.S. market, which resemble a bubble-like situation. It also discusses the impact of passive ETF flows, fiscal deficits, and inflationary policies. For the quarter, the Fund's value decreased by 20.00%, and it is down 21.96% for the first half of the year, even though AI and related growth stocks were prominent during Q2. Additionally, the firm identified precious metals miners as a potentially strong investment, noting that they are significantly undervalued and present substantial asymmetrical opportunities. In addition, please check the Strategy's top five holdings to know its best picks in 2026.
In its Q2 2026 investor letter, EMA GARP Fund highlighted Avino Silver & Gold Mines Ltd. (NYSEAMERICAN:ASM). Avino Silver & Gold Mines Ltd. (NYSEAMERICAN:ASM) is a Canadian precious metal mining company that engages in the acquisition, exploration, and advancement of mineral properties. On July 24, 2026, Avino Silver & Gold Mines Ltd. (NYSEAMERICAN:ASM) closed at $5.63 per share, reflecting a market capitalization of $986.77 million. Avino Silver & Gold Mines Ltd. (NYSEAMERICAN:ASM) posted a one-month return of -10.21%, while its shares gained 69.07% over the past 52 weeks.
EMA GARP Fund stated the following regarding Avino Silver & Gold Mines Ltd. (NYSEAMERICAN:ASM) in its Q2 2026 investor update:
"The miners are way, way too cheap at present gold and silver prices. And their earnings outlook is robust at higher bullion prices given the substantial operating leverage. Miner industry profitability is as good as it's been at any point in the last 25 years. Two Miner Case Studies are outlined – Aris and Avino Silver & Gold Mines Ltd. (NYSEAMERICAN:ASM). Crazy cheap and massive asymmetry.
Avino Silver and Gold is a mid-tier producer of mostly silver with some gold and copper credits. They operate two mines which share one mill in Mexico's Durango Province, a generally safe area free of cartel activity. In calendar 2025, they produced 2.6 million silver equivalent ounces at an average cost (AISC) of $23.75/ounce. With an average silver selling price of $44.70 per ounce during the year their average margin was $20.95/ounce. So, at the mine operating level they had contribution of $54 million. After SG&A, EBITDA for 2025 was $28.5 million. However silver prices today ($60/ounce) are substantially above last year's average price and in Q1 of 2026 they had EBITDA of $20 million. Bloomberg ******* yst's consensus for 2026 EBITDA is $80 million. So, the Company is trading at 12.5x EBITDA…." (Click here to read the full text)
#silver #Gold #fund #letter
In its Q2 2026 investor letter, EMA GARP Fund highlighted Avino Silver & Gold Mines Ltd. (NYSEAMERICAN:ASM). Avino Silver & Gold Mines Ltd. (NYSEAMERICAN:ASM) is a Canadian precious metal mining company that engages in the acquisition, exploration, and advancement of mineral properties. On July 24, 2026, Avino Silver & Gold Mines Ltd. (NYSEAMERICAN:ASM) closed at $5.63 per share, reflecting a market capitalization of $986.77 million. Avino Silver & Gold Mines Ltd. (NYSEAMERICAN:ASM) posted a one-month return of -10.21%, while its shares gained 69.07% over the past 52 weeks.
EMA GARP Fund stated the following regarding Avino Silver & Gold Mines Ltd. (NYSEAMERICAN:ASM) in its Q2 2026 investor update:
"The miners are way, way too cheap at present gold and silver prices. And their earnings outlook is robust at higher bullion prices given the substantial operating leverage. Miner industry profitability is as good as it's been at any point in the last 25 years. Two Miner Case Studies are outlined – Aris and Avino Silver & Gold Mines Ltd. (NYSEAMERICAN:ASM). Crazy cheap and massive asymmetry.
Avino Silver and Gold is a mid-tier producer of mostly silver with some gold and copper credits. They operate two mines which share one mill in Mexico's Durango Province, a generally safe area free of cartel activity. In calendar 2025, they produced 2.6 million silver equivalent ounces at an average cost (AISC) of $23.75/ounce. With an average silver selling price of $44.70 per ounce during the year their average margin was $20.95/ounce. So, at the mine operating level they had contribution of $54 million. After SG&A, EBITDA for 2025 was $28.5 million. However silver prices today ($60/ounce) are substantially above last year's average price and in Q1 of 2026 they had EBITDA of $20 million. Bloomberg ******* yst's consensus for 2026 EBITDA is $80 million. So, the Company is trading at 12.5x EBITDA…." (Click here to read the full text)
#silver #Gold #fund #letter
15 hours ago
Brandes Investment Partners, an ***** et management company, released its second-quarter 2026 investor letter for its "Brandes Small Cap Value Fund". A copy of the letter is available to download here. In Q2 2026, the Fund underperformed the Russell 2000 Index's 21.49% gain and the Russell 2000 Value Index's 17.19% rise. However, year-to-date, the fund (Class I Shares) increased by 23.17%, surpassing the 22.57% and 22.99% returns of the indexes, respectively. The second quarter's performance was mainly driven by holdings in the industrial sector, particularly aerospace and defense, as well as energy. Its underperformance was due to holdings and an underweight position in the information technology sector. The Firm remains optimistic about value stocks, citing their attractive valuations and strong free cash flow generation. In addition, please check the Strategy's top five holdings to know its best picks in 2026.
In its Q2 2026 investor letter, Brandes Small Cap Value Fund highlighted its new purchase, The Campbell's Company (NASDAQ:CPB). The Campbell's Company (NASDAQ:CPB) is a leading US-based packaged food company. On July 24, 2026, The Campbell's Company (NASDAQ:CPB) closed at $21.84 per share, reflecting a market capitalization of $6.51 billion. The Campbell's Company (NASDAQ:CPB) posted a one-month return of -5.08%, while its shares lost 32.26% over the past 52 weeks.
Brandes Small Cap Value Fund stated the following regarding The Campbell's Company (NASDAQ:CPB) in its Q2 2026 investor update:
"The Campbell's Company (NASDAQ:CPB) is a North America-focused, branded packaged food company operating primarily in two segments: Meals & Beverages and Snacks. Meals & Beverages includes Campbell's condensed and ready-to-serve soups, Chunky, Swanson broths, Pacific Foods, Prego, Rao's and V8. The Snacks segment includes Goldfish, Pepperidge Farm, Snyder's of Hanover, Lance, Late July, Kettle Brand and Cape Cod. The company holds number one or number two market positions in most of its categories, and its portfolio has evolved well beyond its legacy soup identity through such acquisitions as Snyder's-Lance and Sovos Brands.
While its core categories are mature, they remain relatively defensive, with below-average and broadly stable private-label penetration, strong brand recognition and exposure to at home eating occasions where convenience, value and perceived health remain relevant…" (Click here to read the full text)
#company #investor #letter
In its Q2 2026 investor letter, Brandes Small Cap Value Fund highlighted its new purchase, The Campbell's Company (NASDAQ:CPB). The Campbell's Company (NASDAQ:CPB) is a leading US-based packaged food company. On July 24, 2026, The Campbell's Company (NASDAQ:CPB) closed at $21.84 per share, reflecting a market capitalization of $6.51 billion. The Campbell's Company (NASDAQ:CPB) posted a one-month return of -5.08%, while its shares lost 32.26% over the past 52 weeks.
Brandes Small Cap Value Fund stated the following regarding The Campbell's Company (NASDAQ:CPB) in its Q2 2026 investor update:
"The Campbell's Company (NASDAQ:CPB) is a North America-focused, branded packaged food company operating primarily in two segments: Meals & Beverages and Snacks. Meals & Beverages includes Campbell's condensed and ready-to-serve soups, Chunky, Swanson broths, Pacific Foods, Prego, Rao's and V8. The Snacks segment includes Goldfish, Pepperidge Farm, Snyder's of Hanover, Lance, Late July, Kettle Brand and Cape Cod. The company holds number one or number two market positions in most of its categories, and its portfolio has evolved well beyond its legacy soup identity through such acquisitions as Snyder's-Lance and Sovos Brands.
While its core categories are mature, they remain relatively defensive, with below-average and broadly stable private-label penetration, strong brand recognition and exposure to at home eating occasions where convenience, value and perceived health remain relevant…" (Click here to read the full text)
#company #investor #letter
16 hours ago
WS Amati Global Innovation Fund, managed by a UK-based equity management firm from AMAti Global Investors, released its second quarter 2026 investor letter. A copy of the letter is available to download here. Financial market performance in the second quarter was dominated by geopolitical conflict and enthusiasm for AI. Significant investments across all elements of AI resulted in exceptional growth for related companies, ranging from chip producers to companies constructing data centres. The fund outperformed the MSCI ACWI benchmark due to its diversified exposure beyond headline AI firms, with semiconductor and equipment suppliers being major contributors. At the same time, software and IT services faced investor skepticism due to fears of automation despite long-term potential. The firm is confident in the innovation frontiers to capture long-term growth opportunities in automation, semiconductors, and advanced technologies. In addition, please check the Strategy's top five holdings to know its best picks in 2026.
In its Q2 2026 investor letter, WS Amati Global Innovation Fund highlighted MKS Inc. (NASDAQ:MKSI) as a notable contributor. MKS Inc. (NASDAQ:MKSI) is a leading technology company that offers advanced foundational technology solutions to semiconductor manufacturing, electronics and packaging, and specialty industrial applications. On July 24, 2026, MKS Inc. (NASDAQ:MKSI) closed at $329.18 per share, reflecting a market capitalization of $22.23 billion. MKS Inc. (NASDAQ:MKSI) posted a one-month return of -20.87%, while its shares gained 221.68% over the past 52 weeks.
WS Amati Global Innovation Fund stated the following regarding MKS Inc. (NASDAQ:MKSI) in its Q2 2026 investor update:
"The broadening of interest away from the highly concentrated AI headline companies, such as Nvidia, proved to be a helpful environment for the Fund, providing a period of material outperformance against the MSCI ACWI benchmark. Our four top contributors were all caught up in the excitement to some extent, with three being semiconductor producers and one being an equipment supplier into that industry. The latter,MKS Inc. (NASDAQ:MKSI), provided the biggest single boost to the Fund's returns and is a notable beneficiary of innovation in the design of modern chips. Rather than single layers of tiny transistors, many modern chips have multiple layers like a wafer biscuit, and electrons need to travel up and down through these layers. MKS' products help to make this possible. AI's insatiable appetite for memory, particularly High Band Memory (HBM), has created a wave of greater demand for the chips which MKS helps to create."
#NASDAQ #mksi #semiconductor
In its Q2 2026 investor letter, WS Amati Global Innovation Fund highlighted MKS Inc. (NASDAQ:MKSI) as a notable contributor. MKS Inc. (NASDAQ:MKSI) is a leading technology company that offers advanced foundational technology solutions to semiconductor manufacturing, electronics and packaging, and specialty industrial applications. On July 24, 2026, MKS Inc. (NASDAQ:MKSI) closed at $329.18 per share, reflecting a market capitalization of $22.23 billion. MKS Inc. (NASDAQ:MKSI) posted a one-month return of -20.87%, while its shares gained 221.68% over the past 52 weeks.
WS Amati Global Innovation Fund stated the following regarding MKS Inc. (NASDAQ:MKSI) in its Q2 2026 investor update:
"The broadening of interest away from the highly concentrated AI headline companies, such as Nvidia, proved to be a helpful environment for the Fund, providing a period of material outperformance against the MSCI ACWI benchmark. Our four top contributors were all caught up in the excitement to some extent, with three being semiconductor producers and one being an equipment supplier into that industry. The latter,MKS Inc. (NASDAQ:MKSI), provided the biggest single boost to the Fund's returns and is a notable beneficiary of innovation in the design of modern chips. Rather than single layers of tiny transistors, many modern chips have multiple layers like a wafer biscuit, and electrons need to travel up and down through these layers. MKS' products help to make this possible. AI's insatiable appetite for memory, particularly High Band Memory (HBM), has created a wave of greater demand for the chips which MKS helps to create."
#NASDAQ #mksi #semiconductor
16 hours ago
WS Amati Global Innovation Fund, managed by a UK-based equity management firm from AMAti Global Investors, released its second quarter 2026 investor letter. A copy of the letter is available to download here. Financial market performance in the second quarter was dominated by geopolitical conflict and enthusiasm for AI. Significant investments across all elements of AI resulted in exceptional growth for related companies, ranging from chip producers to companies constructing data centres. The fund outperformed the MSCI ACWI benchmark due to its diversified exposure beyond headline AI firms, with semiconductor and equipment suppliers being major contributors. At the same time, software and IT services faced investor skepticism due to fears of automation despite long-term potential. The firm is confident in the innovation frontiers to capture long-term growth opportunities in automation, semiconductors, and advanced technologies. In addition, please check the Strategy's top five holdings to know its best picks in 2026.
In its Q2 2026 investor letter, WS Amati Global Innovation Fund highlighted Allegro MicroSystems, Inc. (NASDAQ:ALGM). Allegro MicroSystems, Inc. (NASDAQ:ALGM) is a semiconductor company that develops sensor integrated circuits (ICs) and application-specific power ICs for sensing, motion control, and power management functions. On July 24, 2026, Allegro MicroSystems, Inc. (NASDAQ:ALGM) closed at $46.03 per share, reflecting a market capitalization of $8.58 billion. Allegro MicroSystems, Inc. (NASDAQ:ALGM) posted a one-month return of -32.12%, while its shares gained 31.09% over the past 52 weeks.
WS Amati Global Innovation Fund stated the following regarding Allegro MicroSystems, Inc. (NASDAQ:ALGM) in its Q2 2026 investor update:
"Allegro MicroSystems, Inc. (NASDAQ:ALGM) is perhaps better known as a sensor company, creating advanced position and movement sensors for use in areas such as robotics. However as a provider of specialist semiconductor chips into the datacentre market they too saw a sharp increase in demand, as well as share price performance."
Allegro MicroSystems, Inc. (NASDAQ:ALGM) is not on our list of 40 Most Popular Stocks Among Hedge Funds Heading Into 2026. According to our database, 34 hedge fund portfolios held Allegro MicroSystems, Inc. (NASDAQ:ALGM) at the end of the first quarter, up from 28 in the previous quarter. While we acknowledge the potential of Allegro MicroSystems, Inc. (NASDAQ:ALGM) 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.
#allegro #algm #investor
In its Q2 2026 investor letter, WS Amati Global Innovation Fund highlighted Allegro MicroSystems, Inc. (NASDAQ:ALGM). Allegro MicroSystems, Inc. (NASDAQ:ALGM) is a semiconductor company that develops sensor integrated circuits (ICs) and application-specific power ICs for sensing, motion control, and power management functions. On July 24, 2026, Allegro MicroSystems, Inc. (NASDAQ:ALGM) closed at $46.03 per share, reflecting a market capitalization of $8.58 billion. Allegro MicroSystems, Inc. (NASDAQ:ALGM) posted a one-month return of -32.12%, while its shares gained 31.09% over the past 52 weeks.
WS Amati Global Innovation Fund stated the following regarding Allegro MicroSystems, Inc. (NASDAQ:ALGM) in its Q2 2026 investor update:
"Allegro MicroSystems, Inc. (NASDAQ:ALGM) is perhaps better known as a sensor company, creating advanced position and movement sensors for use in areas such as robotics. However as a provider of specialist semiconductor chips into the datacentre market they too saw a sharp increase in demand, as well as share price performance."
Allegro MicroSystems, Inc. (NASDAQ:ALGM) is not on our list of 40 Most Popular Stocks Among Hedge Funds Heading Into 2026. According to our database, 34 hedge fund portfolios held Allegro MicroSystems, Inc. (NASDAQ:ALGM) at the end of the first quarter, up from 28 in the previous quarter. While we acknowledge the potential of Allegro MicroSystems, Inc. (NASDAQ:ALGM) 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.
#allegro #algm #investor
20 hours ago
WS Amati Global Innovation Fund, managed by a UK-based equity management firm from AMAti Global Investors, released its second quarter 2026 investor letter. A copy of the letter is available to download here. Financial market performance in the second quarter was dominated by geopolitical conflict and enthusiasm for AI. Significant investments across all elements of AI resulted in exceptional growth for related companies, ranging from chip producers to companies constructing data centres. The fund outperformed the MSCI ACWI benchmark due to its diversified exposure beyond headline AI firms, with semiconductor and equipment suppliers being major contributors. At the same time, software and IT services faced investor skepticism due to fears of automation despite long-term potential. The firm is confident in the innovation frontiers to capture long-term growth opportunities in automation, semiconductors, and advanced technologies. In addition, please check the Strategy's top five holdings to know its best picks in 2026.
In its Q2 2026 investor letter, WS Amati Global Innovation Fund highlighted Globant S.A. (NYSE:GLOB). Globant S.A. (NYSE:GLOB), a technology services company that provides digital transformation, AI, and software development solutions, detracted from the Fund's performance during the quarter. On July 24, 2026, Globant S.A. (NYSE:GLOB) closed at $31.30 per share, reflecting a market capitalization of $1.35 billion. Globant S.A. (NYSE:GLOB) posted a one-month return of 9.72%, while its shares lost 64.62% over the past 52 weeks.
WS Amati Global Innovation Fund stated the following regarding Globant S.A. (NYSE:GLOB) in its Q2 2026 investor update:
"Although both companies weighed on performance, the largest single detractor was Globant S.A. (NYSE:GLOB), the US listed IT services and digital engineering business. It too was a casualty of the excessive extrapolation we believe investors are currently making and we have been gently adding on weakness to all three names."
Globant S.A. (NYSE:GLOB) is not on our list of 40 Most Popular Stocks Among Hedge Funds Heading Into 2026. According to our database, 25 hedge fund portfolios held Globant S.A. (NYSE:GLOB) at the end of the first quarter, compared to 33 in the previous quarter. While we acknowledge the potential of Globant S.A. (NYSE:GLOB) 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.
#fund #amati #global
In its Q2 2026 investor letter, WS Amati Global Innovation Fund highlighted Globant S.A. (NYSE:GLOB). Globant S.A. (NYSE:GLOB), a technology services company that provides digital transformation, AI, and software development solutions, detracted from the Fund's performance during the quarter. On July 24, 2026, Globant S.A. (NYSE:GLOB) closed at $31.30 per share, reflecting a market capitalization of $1.35 billion. Globant S.A. (NYSE:GLOB) posted a one-month return of 9.72%, while its shares lost 64.62% over the past 52 weeks.
WS Amati Global Innovation Fund stated the following regarding Globant S.A. (NYSE:GLOB) in its Q2 2026 investor update:
"Although both companies weighed on performance, the largest single detractor was Globant S.A. (NYSE:GLOB), the US listed IT services and digital engineering business. It too was a casualty of the excessive extrapolation we believe investors are currently making and we have been gently adding on weakness to all three names."
Globant S.A. (NYSE:GLOB) is not on our list of 40 Most Popular Stocks Among Hedge Funds Heading Into 2026. According to our database, 25 hedge fund portfolios held Globant S.A. (NYSE:GLOB) at the end of the first quarter, compared to 33 in the previous quarter. While we acknowledge the potential of Globant S.A. (NYSE:GLOB) 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.
#fund #amati #global
20 hours ago
WS Amati Global Innovation Fund, managed by a UK-based equity management firm from AMAti Global Investors, released its second quarter 2026 investor letter. A copy of the letter is available to download here. Financial market performance in the second quarter was dominated by geopolitical conflict and enthusiasm for AI. Significant investments across all elements of AI resulted in exceptional growth for related companies, ranging from chip producers to companies constructing data centres. The fund outperformed the MSCI ACWI benchmark due to its diversified exposure beyond headline AI firms, with semiconductor and equipment suppliers being major contributors. At the same time, software and IT services faced investor skepticism due to fears of automation despite long-term potential. The firm is confident in the innovation frontiers to capture long-term growth opportunities in automation, semiconductors, and advanced technologies. In addition, please check the Strategy's top five holdings to know its best picks in 2026.
In its Q2 2026 investor letter, WS Amati Global Innovation Fund highlighted Autodesk, Inc. (NASDAQ:ADSK). Autodesk, Inc. (NASDAQ:ADSK) is a software company that develops 3D design, engineering, and entertainment technology solutions. On July 24, 2026, Autodesk, Inc. (NASDAQ:ADSK) closed at $209.75 per share, reflecting a market capitalization of $44.29 billion. Autodesk, Inc. (NASDAQ:ADSK) posted a one-month return of 7.43%, while its shares lost 31.11% over the past 52 weeks.
WS Amati Global Innovation Fund stated the following regarding Autodesk, Inc. (NASDAQ:ADSK) in its Q2 2026 investor update:
"Equity markets in their enthusiasm for the AI opportunity have written off many companies which we are confident have many years of demand growth ahead. Specialist software providers into often highly regulated industries will be extremely difficult to replicate and there is little incentive for users to do so. Companies such as PTC and Autodesk, Inc. (NASDAQ:ADSK) are often foundational for the clients that use them, and they are embracing AI to improve their offering and the efficiency of their customers. The way their businesses are effectively being written off in the minds of investors creates a very attractive investment opportunity in our view, and our 3-5 year time horizon gives plenty of runway for a more balanced view to ******* ert itself."
Autodesk, Inc. (NASDAQ:ADSK) is not on our list of 40 Most Popular Stocks Among Hedge Funds Heading Into 2026. According to our database, 67 hedge fund portfolios held Autodesk, Inc. (NASDAQ:ADSK) at the end of the first quarter, compared to 81 in the previous quarter. While we acknowledge the potential of Autodesk, Inc. (NASDAQ:ADSK) 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, se
In its Q2 2026 investor letter, WS Amati Global Innovation Fund highlighted Autodesk, Inc. (NASDAQ:ADSK). Autodesk, Inc. (NASDAQ:ADSK) is a software company that develops 3D design, engineering, and entertainment technology solutions. On July 24, 2026, Autodesk, Inc. (NASDAQ:ADSK) closed at $209.75 per share, reflecting a market capitalization of $44.29 billion. Autodesk, Inc. (NASDAQ:ADSK) posted a one-month return of 7.43%, while its shares lost 31.11% over the past 52 weeks.
WS Amati Global Innovation Fund stated the following regarding Autodesk, Inc. (NASDAQ:ADSK) in its Q2 2026 investor update:
"Equity markets in their enthusiasm for the AI opportunity have written off many companies which we are confident have many years of demand growth ahead. Specialist software providers into often highly regulated industries will be extremely difficult to replicate and there is little incentive for users to do so. Companies such as PTC and Autodesk, Inc. (NASDAQ:ADSK) are often foundational for the clients that use them, and they are embracing AI to improve their offering and the efficiency of their customers. The way their businesses are effectively being written off in the minds of investors creates a very attractive investment opportunity in our view, and our 3-5 year time horizon gives plenty of runway for a more balanced view to ******* ert itself."
Autodesk, Inc. (NASDAQ:ADSK) is not on our list of 40 Most Popular Stocks Among Hedge Funds Heading Into 2026. According to our database, 67 hedge fund portfolios held Autodesk, Inc. (NASDAQ:ADSK) at the end of the first quarter, compared to 81 in the previous quarter. While we acknowledge the potential of Autodesk, Inc. (NASDAQ:ADSK) 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, se
24 hours ago
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Nvidia Corp. CEO Jensen Huang said the U.S. should embrace, not ban, China's AI models, arguing that high-quality open-source technology should be used rather than feared.
In an interview with Axios on Tuesday, Huang called the Chinese models "excellent" and dismissed concerns that OpenAI and Anthropic should fear open AI models, saying they broaden AI adoption by attracting new users, while many customers will still pay for the superior performance and reliability of closed models.
Huang pushed back on fears that downloaded Chinese AI models create a "backdoor" to Beijing, arguing they can be securely customized and isolated.
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#chinese #arguing #finance #NVIDIA
Nvidia Corp. CEO Jensen Huang said the U.S. should embrace, not ban, China's AI models, arguing that high-quality open-source technology should be used rather than feared.
In an interview with Axios on Tuesday, Huang called the Chinese models "excellent" and dismissed concerns that OpenAI and Anthropic should fear open AI models, saying they broaden AI adoption by attracting new users, while many customers will still pay for the superior performance and reliability of closed models.
Huang pushed back on fears that downloaded Chinese AI models create a "backdoor" to Beijing, arguing they can be securely customized and isolated.
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#chinese #arguing #finance #NVIDIA
1 day ago
Talks are reportedly 'ongoing' between Liverpool and Bradley Barcola's camp.
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Sky Sports Germany's Florian Plettenberg reports on X (formerly Twitter) that 'nothing is advanced' as far as negotiations with PSG are concerned.
The Ligue 1 champions are thought to be looking for a fee well in excess of £100m.
From our perspective, it's difficult to imagine Liverpool's decision-makers having much in the way of wiggle room beyond the £100m – at the very least, not significantly beyond that price point.
#beyond #talks #Liverpool #empire
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Sky Sports Germany's Florian Plettenberg reports on X (formerly Twitter) that 'nothing is advanced' as far as negotiations with PSG are concerned.
The Ligue 1 champions are thought to be looking for a fee well in excess of £100m.
From our perspective, it's difficult to imagine Liverpool's decision-makers having much in the way of wiggle room beyond the £100m – at the very least, not significantly beyond that price point.
#beyond #talks #Liverpool #empire
1 day ago
Robbie Fowler has implored Liverpool to address one of their biggest 'problems' of recent years and ensure that there's adequate squad depth at Anfield by the end of the current transfer window.
The Reds went big in the marketplace a year ago by investing almost £450m in new signings, with much of that figure offset by player sales in a summer of massive upheaval in L4.
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However, Andoni Iraola has inherited a squad shorn of several players through injuries of varying severity, although he'll gradually get his World Cup contingent back in the building over the next month.
Speaking from New York, where Liverpool play Wrexham in a pre-season friendly on Wednesday night, Fowler stressed the need for his former club to have sufficient competition for places so that every player is kept 'on their toes' and high standards are maintained on a daily basis.
#Liverpool #robbie #anfield #official
The Reds went big in the marketplace a year ago by investing almost £450m in new signings, with much of that figure offset by player sales in a summer of massive upheaval in L4.
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However, Andoni Iraola has inherited a squad shorn of several players through injuries of varying severity, although he'll gradually get his World Cup contingent back in the building over the next month.
Speaking from New York, where Liverpool play Wrexham in a pre-season friendly on Wednesday night, Fowler stressed the need for his former club to have sufficient competition for places so that every player is kept 'on their toes' and high standards are maintained on a daily basis.
#Liverpool #robbie #anfield #official
1 day ago
Chelsea are in pole position to sign Jordan Henderson for Xabi Alonso's new project at Stamford Bridge.
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Fabrizio Romano reports on X (formerly Twitter) that the England international is not only able to depart Brentford on a free transfer this summer but is also, crucially, "open to the move".
The former Liverpool midfielder returned to the Premier League with the Bees last summer, registering four goal contributions in 34 games (across all competitions).
A freak injury suffered during England's World Cup campaign will likely see him ruled out for a portion of the early 2026/27 season.
#henderson #xabi #official
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Fabrizio Romano reports on X (formerly Twitter) that the England international is not only able to depart Brentford on a free transfer this summer but is also, crucially, "open to the move".
The former Liverpool midfielder returned to the Premier League with the Bees last summer, registering four goal contributions in 34 games (across all competitions).
A freak injury suffered during England's World Cup campaign will likely see him ruled out for a portion of the early 2026/27 season.
#henderson #xabi #official
2 days ago
CHICAGO, ILLINOIS - JULY 25: WNBA Commissioner Cathy Engelbert speaks to the media during a press conference prior to the 2026 AT&T WNBA All-Star Game between Team Coop and Team Spoon at the United Center on July 25, 2026 in Chicago, Illinois. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and or using this photograph, User is consenting to the terms and conditions of the Getty Images License Agreement. (Photo by Sage Zipeto/Getty Images)
Amid the excitement of the 2026 WNBA All-Star celebrations, WNBA Commissioner Cathy Engelbert announced the launch of a Replay Center beginning with the 2027 season, a move intended to address concerns about officiating and on-court safety raised by players, coaches and fans.
"This is one of the most significant investments we've ever made in our basketball operations," said Engelbert during the All-Star pregame press conference on Saturday. "This investment of tens of millions of dollars will help bring greater consistency, efficiency, and transparency to our officiating process, while continuing to improve the quality of the game."
Engelbert shared few details about the project but said that the WNBA will center operations alongside the NBA Replay Center in Secaucus, N.J., where officials will have access to additional camera angles and replay footage to help them make better-informed decisions.
Los Angeles Sparks forward and WNBPA president Nneka Ogwumike welcomed the move, emphasizing the positive impact it can have on the relationship between players and the league.
#user
Amid the excitement of the 2026 WNBA All-Star celebrations, WNBA Commissioner Cathy Engelbert announced the launch of a Replay Center beginning with the 2027 season, a move intended to address concerns about officiating and on-court safety raised by players, coaches and fans.
"This is one of the most significant investments we've ever made in our basketball operations," said Engelbert during the All-Star pregame press conference on Saturday. "This investment of tens of millions of dollars will help bring greater consistency, efficiency, and transparency to our officiating process, while continuing to improve the quality of the game."
Engelbert shared few details about the project but said that the WNBA will center operations alongside the NBA Replay Center in Secaucus, N.J., where officials will have access to additional camera angles and replay footage to help them make better-informed decisions.
Los Angeles Sparks forward and WNBPA president Nneka Ogwumike welcomed the move, emphasizing the positive impact it can have on the relationship between players and the league.
#user
4 days ago
A transfer update shared by Fabrizio Romano on Saturday morning could have significant implications for Liverpool, considering its potential domino effect.
The Reds had been strongly linked with a move for RB Leipzig winger Yan Diomande throughout June, until it was reported that the Ivory Coast international's preference was to join Paris Saint-Germain.
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The Merseysiders have since appeared to switch their attention to PSG forward Bradley Barcola, who Romano has frequently cited as the 'top' summer transfer target at Anfield, but that pursuit may yet be impacted by matters elsewhere.
The Italian transfer reporter took to X at 9am this morning to report that Diomande 'has opened doors' to a potential move to Real Madrid after 'positive talks took place over contract terms'.
#transfer #move #took #saturday
The Reds had been strongly linked with a move for RB Leipzig winger Yan Diomande throughout June, until it was reported that the Ivory Coast international's preference was to join Paris Saint-Germain.
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The Merseysiders have since appeared to switch their attention to PSG forward Bradley Barcola, who Romano has frequently cited as the 'top' summer transfer target at Anfield, but that pursuit may yet be impacted by matters elsewhere.
The Italian transfer reporter took to X at 9am this morning to report that Diomande 'has opened doors' to a potential move to Real Madrid after 'positive talks took place over contract terms'.
#transfer #move #took #saturday
4 days ago
Jeremy Jacquet is currently getting to know his new Liverpool teammates, including one who the French defender humorously described as 'off his head'.
The 21-year-old officially completed his move from Rennes at the start of July, with the deal having been agreed five months previously, and has been training with Andoni Iraola's squad in the United States on their pre-season tour.
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He could make his first matchday appearance for the Reds tonight when they take on Sunderland in Nashville, and he's now had a good couple of weeks with many of his new teammates (other than those who've yet to come back from their World Cup involvement).
In an interview with liverpoolfc.com, Jacquet namechecked some of the players with whom he's spoken the most, including one whose charisma has been particularly striking.
#teammates
The 21-year-old officially completed his move from Rennes at the start of July, with the deal having been agreed five months previously, and has been training with Andoni Iraola's squad in the United States on their pre-season tour.
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He could make his first matchday appearance for the Reds tonight when they take on Sunderland in Nashville, and he's now had a good couple of weeks with many of his new teammates (other than those who've yet to come back from their World Cup involvement).
In an interview with liverpoolfc.com, Jacquet namechecked some of the players with whom he's spoken the most, including one whose charisma has been particularly striking.
#teammates
4 days ago
One prominent Liverpool reporter has dismissed the prospect of Stefan Bajcetic being considered as a makeshift right-back for the Reds in the upcoming campaign.
The Spanish midfielder made his long-awaited comeback to team training this week, having not played for the club since May 2024 and not made it onto the pitch at all last season due to persistent injury troubles.
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Arne Slot frequently played midfielders at right-back in 2025/26 whenever Conor Bradley and/or Jeremie Frimpong were ruled out injured, with Dominik Szoboszlai, Curtis Jones and Wataru Endo all deployed in that unfamiliar role.
However, in response to a reader's question for the Liverpool Echo as to whether Andoni Iraola might do the same with Bajcetic, Ian Doyle opined that such a scenario would be highly unlikely and that the 21-year-old could plausibly depart on loan again.
#Liverpool #back #spanish
The Spanish midfielder made his long-awaited comeback to team training this week, having not played for the club since May 2024 and not made it onto the pitch at all last season due to persistent injury troubles.
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Arne Slot frequently played midfielders at right-back in 2025/26 whenever Conor Bradley and/or Jeremie Frimpong were ruled out injured, with Dominik Szoboszlai, Curtis Jones and Wataru Endo all deployed in that unfamiliar role.
However, in response to a reader's question for the Liverpool Echo as to whether Andoni Iraola might do the same with Bajcetic, Ian Doyle opined that such a scenario would be highly unlikely and that the 21-year-old could plausibly depart on loan again.
#Liverpool #back #spanish
4 days ago
MEMPHIS, TENNESSEE - NOVEMBER 07: Kentavious Caldwell-Pope #3 of the Memphis Grizzlies handles the ball against the Dallas Mavericks during the second half of the 2025-2026 Emirates NBA Cup game at FedExForum on November 07, 2025 in Memphis, Tennessee. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and or using this Photograph, user is consenting to the terms and conditions of the Getty Images License Agreement. (Photo by Wes Hale/Getty Images)
LOS ANGELES, CA - DECEMBER 25: Marc Gasol #14 ; LeBron James #23 and Kentavious Caldwell-Pope #1 of the Los Angeles Lakers while paying the Dallas Mavericks at Staples Center on December 25, 2020 in Los Angeles, California. (Photo by John McCoy/Getty Images)
LAKE BUENA VISTA, FLORIDA - OCTOBER 06: Kentavious Caldwell-Pope #1 of the Los Angeles Lakers reacts to a three point basket during the second quarter against the Miami Heat in Game Four of the 2020 NBA Finals at AdventHealth Arena at the ESPN Wide World Of Sports Complex on October 6, 2020 in Lake Buena Vista, Florida. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and or using this photograph, User is consenting to the terms and conditions of the Getty Images License Agreement. (Photo by Kevin C. **** /Getty Images)
On Friday night, Chris Haynes of NBA on Prime reported the news that Kentavious Caldwell-Pope and the Memphis Grizzlies are working on a buyout.
He would then join the Philadelphia 76ers as a free agent.
#memphis
LOS ANGELES, CA - DECEMBER 25: Marc Gasol #14 ; LeBron James #23 and Kentavious Caldwell-Pope #1 of the Los Angeles Lakers while paying the Dallas Mavericks at Staples Center on December 25, 2020 in Los Angeles, California. (Photo by John McCoy/Getty Images)
LAKE BUENA VISTA, FLORIDA - OCTOBER 06: Kentavious Caldwell-Pope #1 of the Los Angeles Lakers reacts to a three point basket during the second quarter against the Miami Heat in Game Four of the 2020 NBA Finals at AdventHealth Arena at the ESPN Wide World Of Sports Complex on October 6, 2020 in Lake Buena Vista, Florida. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and or using this photograph, User is consenting to the terms and conditions of the Getty Images License Agreement. (Photo by Kevin C. **** /Getty Images)
On Friday night, Chris Haynes of NBA on Prime reported the news that Kentavious Caldwell-Pope and the Memphis Grizzlies are working on a buyout.
He would then join the Philadelphia 76ers as a free agent.
#memphis
4 days ago
Liverpool have been named among a host of top European clubs showing an interest in a highly coveted winger who could potentially be their next Luis Diaz.
The Colombian was signed from FC Porto in January 2022 for an initial £37.5m (BBC Sport), instantly becoming an idol of the Kop with his dynamism in attack and going on to score 41 goals in 148 appearances at Anfield before leaving for Bayern Munich last year.
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Fast forward to July 2026, and the Reds are on the lookout for wide attacking reinforcements as they enter life without Mo Salah, with Bradley Barcola and Maghnes Akliouche seemingly among their primary targets, and they also appear to have their eyes on a teenage talent currently playing in Portugal.
According to a report for Fussballdaten, Liverpool are joined by both Manchester clubs, ******* nal, Chelsea, Newcastle, Bayern Munich and Atletico Madrid in monitoring Porto winger Oskar Pietuszewski.
#munich #clubs #european #luis
The Colombian was signed from FC Porto in January 2022 for an initial £37.5m (BBC Sport), instantly becoming an idol of the Kop with his dynamism in attack and going on to score 41 goals in 148 appearances at Anfield before leaving for Bayern Munich last year.
DOWNLOAD THE OFFICIAL EMPIRE OF THE KOP APP FOR ALL THE LATEST & BREAKING UPDATES – STRAIGHT TO YOUR PHONE! ON APPLE & GOOGLE PLAY
Fast forward to July 2026, and the Reds are on the lookout for wide attacking reinforcements as they enter life without Mo Salah, with Bradley Barcola and Maghnes Akliouche seemingly among their primary targets, and they also appear to have their eyes on a teenage talent currently playing in Portugal.
According to a report for Fussballdaten, Liverpool are joined by both Manchester clubs, ******* nal, Chelsea, Newcastle, Bayern Munich and Atletico Madrid in monitoring Porto winger Oskar Pietuszewski.
#munich #clubs #european #luis
5 days ago
INDIANAPOLIS, INDIANA - JULY 17: Caitlin Clark #22 of the Indiana Fever reacts during the second half against the Seattle Storm at Gainbridge Fieldhouse on July 17, 2026 in Indianapolis, Indiana. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and or using this photograph, User is consenting to the terms and conditions of the Getty Images License Agreement. (Photo by Michael Hickey/Getty Images)
The 2026 WNBA All-Star Game is likely experiencing the Caitlin Clark effect as the Indiana Fever star point guard is expected to take the floor on Saturday night in Chicago as the captain of Team Weatherspoon.
Over the past seven days, the average sale price on the secondary ticketing platform SeatGeek is $425. That's about 35% higher than at the same point ahead of last year's game, according to data provided to me by the company.
Clark, who is the 11th highest-paid female athlete per Forbes, missed the 2025 WNBA All-Star Game due to a groin injury.
The Des Moines, Iowa native is currently averaging 21 points and nearly eight ****** ists per game during the current regular season. The Fever are first in the Eastern Conference with a 17-10 record.
#indianapolis #july #getty
The 2026 WNBA All-Star Game is likely experiencing the Caitlin Clark effect as the Indiana Fever star point guard is expected to take the floor on Saturday night in Chicago as the captain of Team Weatherspoon.
Over the past seven days, the average sale price on the secondary ticketing platform SeatGeek is $425. That's about 35% higher than at the same point ahead of last year's game, according to data provided to me by the company.
Clark, who is the 11th highest-paid female athlete per Forbes, missed the 2025 WNBA All-Star Game due to a groin injury.
The Des Moines, Iowa native is currently averaging 21 points and nearly eight ****** ists per game during the current regular season. The Fever are first in the Eastern Conference with a 17-10 record.
#indianapolis #july #getty
5 days ago
White Falcon Capital Management, an investment fund manager, released its second-quarter 2026 investor letter. A copy can be downloaded here. The portfolio delivered 8.5% in Q2 2026, trailing the S&P 500 TR's (CAD) 17.3%, MSCI AC TR's (CAD) 16.4%, and the S&P TSX TR's 6.9% returns. The YTD's 1.8% return also trailed the indices. The firm is underwhelmed by the portfolio's performance in the quarter; however, the firm emphasizes long-term performance over short-term results. The firm aims to achieve positive absolute returns adjusted for risk over a complete market cycle. The underperformance is not due to the business fundamentals but the momentum-driven rallies in AI-linked stocks. The firm maintains patience and discipline in capital allocation, with valuation as crucial for long-term returns. In addition, please check the Strategy's top five holdings to know its best picks in 2026.
In its Q2 2026 investor letter, White Falcon Capital Management highlighted Advanced Micro Devices, Inc. (NASDAQ:AMD). Advanced Micro Devices, Inc. (NASDAQ:AMD) is a leading semiconductor company that designs and manufactures of AI accelerators, microprocessors, and graphics processing units. On July 22, 2026, Advanced Micro Devices, Inc. (NASDAQ:AMD) closed at $552.33 per share, reflecting a market capitalization of $900.63 billion. Advanced Micro Devices, Inc. (NASDAQ:AMD) posted a one-month return of 0.99%, while its shares gained 231.77% over the past 52 weeks.
White Falcon Capital Management stated the following regarding Advanced Micro Devices, Inc. (NASDAQ:AMD) in its Q2 2026 investor update:
"Before we do that, let's talk about Advanced Micro Devices, Inc. (NASDAQ:AMD). We purchased our initial position in AMD in October 2022 at about $80 per share when the stock was depressed due to weak outlook for its end markets. As is often the case with the market, when it does not like a stock or a sector it discounts it severely and we were able to purchase a cyclical stock (yes, semiconductor stocks were cyclical then!) with a net-cash balance sheet at a depressed multiple of depressed earnings. Our investment was underpinned by our confidence in AMD's management team, its engineering culture, and its ability to consistently deliver competitive products. It turns out that CPU's, AMD's core product, are needed for Agentic AI! The stock took off earlier this year and is currently trading at above $500 per share. From our perspective, the upside we captured was not due to any attempt to predict AI's trajectory, but simply the result of owning a quality company in a secularly growing sector, run by a strong management team at a sensible valuation.
As we've said before, high-quality businesses possess optionality that simply isn't available to mediocre businesses and even as these businesses trade at higher multiples, this optionality is often undervalued. Today, the world can't seem to buy enough semiconductor stocks, and AMD trades at a valuation that reflects a ve
In its Q2 2026 investor letter, White Falcon Capital Management highlighted Advanced Micro Devices, Inc. (NASDAQ:AMD). Advanced Micro Devices, Inc. (NASDAQ:AMD) is a leading semiconductor company that designs and manufactures of AI accelerators, microprocessors, and graphics processing units. On July 22, 2026, Advanced Micro Devices, Inc. (NASDAQ:AMD) closed at $552.33 per share, reflecting a market capitalization of $900.63 billion. Advanced Micro Devices, Inc. (NASDAQ:AMD) posted a one-month return of 0.99%, while its shares gained 231.77% over the past 52 weeks.
White Falcon Capital Management stated the following regarding Advanced Micro Devices, Inc. (NASDAQ:AMD) in its Q2 2026 investor update:
"Before we do that, let's talk about Advanced Micro Devices, Inc. (NASDAQ:AMD). We purchased our initial position in AMD in October 2022 at about $80 per share when the stock was depressed due to weak outlook for its end markets. As is often the case with the market, when it does not like a stock or a sector it discounts it severely and we were able to purchase a cyclical stock (yes, semiconductor stocks were cyclical then!) with a net-cash balance sheet at a depressed multiple of depressed earnings. Our investment was underpinned by our confidence in AMD's management team, its engineering culture, and its ability to consistently deliver competitive products. It turns out that CPU's, AMD's core product, are needed for Agentic AI! The stock took off earlier this year and is currently trading at above $500 per share. From our perspective, the upside we captured was not due to any attempt to predict AI's trajectory, but simply the result of owning a quality company in a secularly growing sector, run by a strong management team at a sensible valuation.
As we've said before, high-quality businesses possess optionality that simply isn't available to mediocre businesses and even as these businesses trade at higher multiples, this optionality is often undervalued. Today, the world can't seem to buy enough semiconductor stocks, and AMD trades at a valuation that reflects a ve
5 days ago
Montaka Global Investments, an investment management company, released its second-quarter 2026 investor letter. A copy of the update is available to download here. Montaka manages a concentrated portfolio of high–conviction, long-term, competitively advantaged businesses bought when prices are attractive. While it delivered positive returns in the June quarter, its 12-month performance was largely negative due to declines in the March quarter amid the 'SaaSpocalypse', yet the underlying businesses performed well. Montaka's strategy focuses on owning businesses that grow earnings in large markets, which struggled against short-term bottleneck trades that gained popularity. However, Montaka aims for long-term excess returns above market indices, anticipating that current mispricing will eventually correct. In addition, please check the Strategy's top five holdings to know its best picks in 2026.
In its Q2 2026 investor letter, Montaka Global Investments highlighted Mastercard Incorporated (NYSE:MA). Mastercard Incorporated (NYSE:MA) is a leading global payment technology company provides transaction processing and other payment-related products and services. On July 22, 2026, Mastercard Incorporated (NYSE:MA) closed at $531.98 per share, reflecting a market capitalization of $470.05 billion. Mastercard Incorporated (NYSE:MA) posted a one-month return of 8.81%, while its shares lost 5.59% over the past 52 weeks.
Montaka Global Investments stated the following regarding Mastercard Incorporated (NYSE:MA) in its Q2 2026 investor update:
"On the other side of the market are some of the world's highest quality businesses which have been overlooked during the semiconductor–mania.
Take Visa and Mastercard Incorporated (NYSE:MA), for example. Both are extraordinarily advantaged businesses and have consistently grown annual revenues at double–digit percentage rates for many years. And in our view, strong growth will likely continue – driven by new value–added services attached to their payment networks (related to stablecoins, agentic commerce, fraud detection, and other data services) which are growing at even faster rates.
#incorporated #businesses #Investments #quarter
In its Q2 2026 investor letter, Montaka Global Investments highlighted Mastercard Incorporated (NYSE:MA). Mastercard Incorporated (NYSE:MA) is a leading global payment technology company provides transaction processing and other payment-related products and services. On July 22, 2026, Mastercard Incorporated (NYSE:MA) closed at $531.98 per share, reflecting a market capitalization of $470.05 billion. Mastercard Incorporated (NYSE:MA) posted a one-month return of 8.81%, while its shares lost 5.59% over the past 52 weeks.
Montaka Global Investments stated the following regarding Mastercard Incorporated (NYSE:MA) in its Q2 2026 investor update:
"On the other side of the market are some of the world's highest quality businesses which have been overlooked during the semiconductor–mania.
Take Visa and Mastercard Incorporated (NYSE:MA), for example. Both are extraordinarily advantaged businesses and have consistently grown annual revenues at double–digit percentage rates for many years. And in our view, strong growth will likely continue – driven by new value–added services attached to their payment networks (related to stablecoins, agentic commerce, fraud detection, and other data services) which are growing at even faster rates.
#incorporated #businesses #Investments #quarter
5 days ago
Montaka Global Investments, an investment management company, released its second-quarter 2026 investor letter. A copy of the update is available to download here. Montaka manages a concentrated portfolio of high–conviction, long-term, competitively advantaged businesses bought when prices are attractive. While it delivered positive returns in the June quarter, its 12-month performance was largely negative due to declines in the March quarter amid the 'SaaSpocalypse', yet the underlying businesses performed well. Montaka's strategy focuses on owning businesses that grow earnings in large markets, which struggled against short-term bottleneck trades that gained popularity. However, Montaka aims for long-term excess returns above market indices, anticipating that current mispricing will eventually correct. In addition, please check the Strategy's top five holdings to know its best picks in 2026.
In its Q2 2026 investor letter, Montaka Global Investments 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 July 22, 2026, Salesforce, Inc. (NYSE:CRM) closed at $163.00 per share. One-month return of Salesforce, Inc. (NYSE:CRM) was 3.52%, and its shares lost 41.92% over the past 52 weeks. Salesforce, Inc. (NYSE:CRM) has a market capitalization of $133.5 billion.
Montaka Global Investments stated the following regarding Salesforce, Inc. (NYSE:CRM) in its Q2 2026 investor update:
"The It's Not About the SaaS: Why the market is wrong about Salesforce, Inc. (NYSE:CRM): Since the start of the recent SaaS selloff – which we explored in detail in Montaka's recent whitepaper – Salesforce's share price has halved. The market is now pricing in something like obsolescence for the world's dominant customer relationship management (CRM) platform.
This, in our view, represents a significant investment opportunity. The market's concern is two-fold. First, that AI makes software trivially cheap and easy to build – rendering vendors like Salesforce redundant. Second, that agents don't need software interfaces at all – they can interact directly with data and systems, making seat-based licences obsolete.
#montaka
In its Q2 2026 investor letter, Montaka Global Investments 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 July 22, 2026, Salesforce, Inc. (NYSE:CRM) closed at $163.00 per share. One-month return of Salesforce, Inc. (NYSE:CRM) was 3.52%, and its shares lost 41.92% over the past 52 weeks. Salesforce, Inc. (NYSE:CRM) has a market capitalization of $133.5 billion.
Montaka Global Investments stated the following regarding Salesforce, Inc. (NYSE:CRM) in its Q2 2026 investor update:
"The It's Not About the SaaS: Why the market is wrong about Salesforce, Inc. (NYSE:CRM): Since the start of the recent SaaS selloff – which we explored in detail in Montaka's recent whitepaper – Salesforce's share price has halved. The market is now pricing in something like obsolescence for the world's dominant customer relationship management (CRM) platform.
This, in our view, represents a significant investment opportunity. The market's concern is two-fold. First, that AI makes software trivially cheap and easy to build – rendering vendors like Salesforce redundant. Second, that agents don't need software interfaces at all – they can interact directly with data and systems, making seat-based licences obsolete.
#montaka
5 days ago
Montaka Global Investments, an investment management company, released its second-quarter 2026 investor letter. A copy of the update is available to download here. Montaka manages a concentrated portfolio of high–conviction, long-term, competitively advantaged businesses bought when prices are attractive. While it delivered positive returns in the June quarter, its 12-month performance was largely negative due to declines in the March quarter amid the 'SaaSpocalypse', yet the underlying businesses performed well. Montaka's strategy focuses on owning businesses that grow earnings in large markets, which struggled against short-term bottleneck trades that gained popularity. However, Montaka aims for long-term excess returns above market indices, anticipating that current mispricing will eventually correct. In addition, please check the Strategy's top five holdings to know its best picks in 2026.
In its Q2 2026 investor letter, Montaka Global Investments 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 July 22, 2026, Visa Inc. (NYSE:V) closed at $353.42 per share. One-month return of Visa Inc. (NYSE:V) was 5.95%, and its shares lost 1.07% over the past 52 weeks. Visa Inc. (NYSE:V) has a market capitalization of $665.89 billion.
Montaka Global Investments stated the following regarding Visa Inc. (NYSE:V) in its Q2 2026 investor update:
"On the other side of the market are some of the world's highest quality businesses which have been overlooked during the semiconductor–mania.
Take Visa Inc. (NYSE:V) and Mastercard, for example. Both are extraordinarily advantaged businesses and have consistently grown annual revenues at double–digit percentage rates for many years. And in our view, strong growth will likely continue – driven by new value–added services attached to their payment networks (related to stablecoins, agentic commerce, fraud detection, and other data services) which are growing at even faster rates.
#NYSE #Services #quarter #investor
In its Q2 2026 investor letter, Montaka Global Investments 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 July 22, 2026, Visa Inc. (NYSE:V) closed at $353.42 per share. One-month return of Visa Inc. (NYSE:V) was 5.95%, and its shares lost 1.07% over the past 52 weeks. Visa Inc. (NYSE:V) has a market capitalization of $665.89 billion.
Montaka Global Investments stated the following regarding Visa Inc. (NYSE:V) in its Q2 2026 investor update:
"On the other side of the market are some of the world's highest quality businesses which have been overlooked during the semiconductor–mania.
Take Visa Inc. (NYSE:V) and Mastercard, for example. Both are extraordinarily advantaged businesses and have consistently grown annual revenues at double–digit percentage rates for many years. And in our view, strong growth will likely continue – driven by new value–added services attached to their payment networks (related to stablecoins, agentic commerce, fraud detection, and other data services) which are growing at even faster rates.
#NYSE #Services #quarter #investor
5 days ago
Ironvine Capital Partners, an investment management company, released its Q2 2026 investor letter. A copy of the letter can be downloaded here. The letter emphasizes the vital role of AI adoption in capital markets, highlighting a projected $7 trillion in new debt issuance by 2029 due to increased AI computing investments by hyperscale companies. This trend presents both risks and opportunities. The firm has shifted away from semiconductors during the quarter, as they require 2027 or 2028 spending levels for sustainable returns. The Ironvine Concentrated fund reported a year-to-date return of 11.02% (net), outperforming the S&P 500 Index's 10.21% return. In addition, please check the Strategy's top five holdings to know its best picks in 2026.
In its Q2 2026 investor letter, Ironvine Capital Partners highlighted SAP SE (NYSE:SAP). Headquartered in Walldorf, Germany, SAP SE (NYSE:SAP) is a leading enterprise application and business solutions provider. On July 22, 2026, SAP SE (NYSE:SAP) closed at $148.75 per share. One-month return of SAP SE (NYSE:SAP) was -2.51%, and its shares lost 49.41% over the past 52 weeks. SAP SE (NYSE:SAP) has a market capitalization of $175.9 billion.
Ironvine Capital Partners stated the following regarding SAP SE (NYSE:SAP) in its Q2 2026 investor update:
"Over the last five decades SAP SE (NYSE:SAP) has become the leading provider of ERP software for many of the world's largest, most supply chain-intensive companies. SAP counts 98 of the Fortune 100 as customers, with approximately 70% of revenue derived from large enterprises. Across much of this market the company operates in a duopoly with Oracle, although in certain niches it is the only practical solution. Its software integrates procurement, manufacturing, inventory, sales, human resources, and financial reporting into a single operating platform for the business.
Over time, SAP systems permeate customer operations, often with extensive customization reflecting company-specific workflows, regulatory requirements, and accumulated business knowledge. For example, Boeing relies on SAP to coordinate the ******* embly of airplanes containing tens of thousands of components, sourced from thousands of suppliers. If one part isn't where it's supposed to be, a $50 million plane doesn't move forward. Every component must be tracked, certified, and correctly installed with an auditable record. Boeing's SAP environment contains decades of custom code integrated with its supply chain to provide this digital paper trail…" (Click here to read the full text)
#NYSE #partners #letter #here
In its Q2 2026 investor letter, Ironvine Capital Partners highlighted SAP SE (NYSE:SAP). Headquartered in Walldorf, Germany, SAP SE (NYSE:SAP) is a leading enterprise application and business solutions provider. On July 22, 2026, SAP SE (NYSE:SAP) closed at $148.75 per share. One-month return of SAP SE (NYSE:SAP) was -2.51%, and its shares lost 49.41% over the past 52 weeks. SAP SE (NYSE:SAP) has a market capitalization of $175.9 billion.
Ironvine Capital Partners stated the following regarding SAP SE (NYSE:SAP) in its Q2 2026 investor update:
"Over the last five decades SAP SE (NYSE:SAP) has become the leading provider of ERP software for many of the world's largest, most supply chain-intensive companies. SAP counts 98 of the Fortune 100 as customers, with approximately 70% of revenue derived from large enterprises. Across much of this market the company operates in a duopoly with Oracle, although in certain niches it is the only practical solution. Its software integrates procurement, manufacturing, inventory, sales, human resources, and financial reporting into a single operating platform for the business.
Over time, SAP systems permeate customer operations, often with extensive customization reflecting company-specific workflows, regulatory requirements, and accumulated business knowledge. For example, Boeing relies on SAP to coordinate the ******* embly of airplanes containing tens of thousands of components, sourced from thousands of suppliers. If one part isn't where it's supposed to be, a $50 million plane doesn't move forward. Every component must be tracked, certified, and correctly installed with an auditable record. Boeing's SAP environment contains decades of custom code integrated with its supply chain to provide this digital paper trail…" (Click here to read the full text)
#NYSE #partners #letter #here
5 days ago
Moon Capital Management, LLC, an investment management company, released its second quarter 2025 investor letter. A copy of the letter can be downloaded here. The S&P 500 index rebounded in the second quarter, achieving a 9.6% return for the first half of the year, while Moon Capital Management's equity portfolio gained 4%. AI-related stocks led market performance, mitigating geopolitical concerns. Moon Capital holds 10% of its portfolio in technology, significantly less than the S&P 500's 39%. The firm remains cautious about large AI investments and their potential return on investment. In addition, please check the Strategy's top five holdings to know its best picks in 2026.
In its Q2 2026 investor letter, Moon Capital Management highlighted Zoetis Inc. (NYSE:ZTS) as a newly added position. Zoetis Inc. (NYSE:ZTS) is an animal health company focused on animal health medications, vaccines, and diagnostic products. On July 22, 2026, Zoetis Inc. (NYSE:ZTS) closed at $74.19 per share. One-month return of Zoetis Inc. (NYSE:ZTS) was -4.66%, and its shares lost 51.45% over the past 52 weeks. Zoetis Inc. (NYSE:ZTS) has a market capitalization of $31.1 billion.
Moon Capital Management stated the following regarding Zoetis Inc. (NYSE:ZTS) in its Q2 2026 investor update:
"We added one new stock to the portfolio last quarter, Zoetis Inc. (NYSE:ZTS). (Our average purchase price was about $73.20/share.) Zoetis is the world's largest pure-play animal health company. We have long viewed Zoetis as one of the highest-quality businesses in healthcare (albeit for mostly four legged patients), and the company has generally been valued accordingly. However, temporary concerns around slower companion animal growth and increased competitive pressures created an opportunity to purchase the company at an attractive price. After trading above 30 times earnings for much of the past decade, Zoetis now has a P/E of less than 11x, a valuation we believe significantly understates the quality, durability, and long-term earnings power of the business.
The animal health industry is attractive as it combines the defensive characteristics of healthcare investing with a more favorable industry structure than traditional pharmaceuticals. In contrast to human healthcare, a significant portion of animal health spending is paid directly by owners, which reduces reimbursement pressure. The industry also benefits from lower research and development costs, shorter development timelines, and strong relationships with veterinarians. These relationships, combined with regulatory barriers and specialized technical expertise, create meaningful switching costs and contribute to long product lifecycles..." (Click here to read the full text)
#capital
In its Q2 2026 investor letter, Moon Capital Management highlighted Zoetis Inc. (NYSE:ZTS) as a newly added position. Zoetis Inc. (NYSE:ZTS) is an animal health company focused on animal health medications, vaccines, and diagnostic products. On July 22, 2026, Zoetis Inc. (NYSE:ZTS) closed at $74.19 per share. One-month return of Zoetis Inc. (NYSE:ZTS) was -4.66%, and its shares lost 51.45% over the past 52 weeks. Zoetis Inc. (NYSE:ZTS) has a market capitalization of $31.1 billion.
Moon Capital Management stated the following regarding Zoetis Inc. (NYSE:ZTS) in its Q2 2026 investor update:
"We added one new stock to the portfolio last quarter, Zoetis Inc. (NYSE:ZTS). (Our average purchase price was about $73.20/share.) Zoetis is the world's largest pure-play animal health company. We have long viewed Zoetis as one of the highest-quality businesses in healthcare (albeit for mostly four legged patients), and the company has generally been valued accordingly. However, temporary concerns around slower companion animal growth and increased competitive pressures created an opportunity to purchase the company at an attractive price. After trading above 30 times earnings for much of the past decade, Zoetis now has a P/E of less than 11x, a valuation we believe significantly understates the quality, durability, and long-term earnings power of the business.
The animal health industry is attractive as it combines the defensive characteristics of healthcare investing with a more favorable industry structure than traditional pharmaceuticals. In contrast to human healthcare, a significant portion of animal health spending is paid directly by owners, which reduces reimbursement pressure. The industry also benefits from lower research and development costs, shorter development timelines, and strong relationships with veterinarians. These relationships, combined with regulatory barriers and specialized technical expertise, create meaningful switching costs and contribute to long product lifecycles..." (Click here to read the full text)
#capital
5 days ago
Moon Capital Management, LLC, an investment management company, released its second quarter 2025 investor letter. A copy of the letter can be downloaded here. The S&P 500 index rebounded in the second quarter, achieving a 9.6% return for the first half of the year, while Moon Capital Management's equity portfolio gained 4%. AI-related stocks led market performance, mitigating geopolitical concerns. Moon Capital holds 10% of its portfolio in technology, significantly less than the S&P 500's 39%. The firm remains cautious about large AI investments and their potential return on investment. In addition, please check the Strategy's top five holdings to know its best picks in 2026.
In its Q2 2026 investor letter, Moon Capital Management highlighted DaVita Inc. (NYSE:DVA). DaVita Inc. (NYSE:DVA) is a US-based healthcare company that offers kidney dialysis services for patients suffering from chronic kidney failure. On July 22, 2026, DaVita Inc. (NYSE:DVA) closed at $232.08 per share, reflecting a market capitalization of $14.89 billion. DaVita Inc. (NYSE:DVA) posted a one-month return of 8.77%, while its shares gained 60.31% over the past 52 weeks.
Moon Capital Management stated the following regarding DaVita Inc. (NYSE:DVA) in its Q2 2026 investor update:
"During the second quarter, we exited our position in the kidney dialysis services company DaVita Inc. (NYSE:DVA). While DaVita remains an exceptional operator with a well-established competitive advantage, we concluded that the future opportunity had become less attractive following the significant appreciation in the stock. Over our 3.5-year holding period, we generated a total return of approximately 174%, or roughly 35% annualized.
We originally purchased shares at approximately $72 per share following a selloff triggered by the company's reduction in its 2023 guidance. At the time, the market was focused primarily on near-term volume concerns, while we believed investors were underestimating the durability of DaVita's cash generation. Based on the company's EBITDA outlook, we estimated free cash flow would exceed $1 billion annually, allowing us to purchase the business for less than 7x free cash flow, roughly half of its historical valuation.
#moon
In its Q2 2026 investor letter, Moon Capital Management highlighted DaVita Inc. (NYSE:DVA). DaVita Inc. (NYSE:DVA) is a US-based healthcare company that offers kidney dialysis services for patients suffering from chronic kidney failure. On July 22, 2026, DaVita Inc. (NYSE:DVA) closed at $232.08 per share, reflecting a market capitalization of $14.89 billion. DaVita Inc. (NYSE:DVA) posted a one-month return of 8.77%, while its shares gained 60.31% over the past 52 weeks.
Moon Capital Management stated the following regarding DaVita Inc. (NYSE:DVA) in its Q2 2026 investor update:
"During the second quarter, we exited our position in the kidney dialysis services company DaVita Inc. (NYSE:DVA). While DaVita remains an exceptional operator with a well-established competitive advantage, we concluded that the future opportunity had become less attractive following the significant appreciation in the stock. Over our 3.5-year holding period, we generated a total return of approximately 174%, or roughly 35% annualized.
We originally purchased shares at approximately $72 per share following a selloff triggered by the company's reduction in its 2023 guidance. At the time, the market was focused primarily on near-term volume concerns, while we believed investors were underestimating the durability of DaVita's cash generation. Based on the company's EBITDA outlook, we estimated free cash flow would exceed $1 billion annually, allowing us to purchase the business for less than 7x free cash flow, roughly half of its historical valuation.
#moon
5 days ago
Brasada Capital Management, an investment management company, released its Q2 2026 investor letter. A copy of the letter is available to download here. The market landscape in the past quarter has been significantly influenced by the rapid advancements in artificial intelligence (AI), overshadowing other concerns like geopolitical conflicts. Currently, the AI boom is so substantial that it affects the entire market cycle. Key factors include a 400% increase in memory demand due to AI, a slow supply response that takes years to catch up, and minimal demand destruction. The Fund's investment strategy focuses on essential infrastructure that maintains competitive advantages, rather than chasing speculative momentum. The firm emphasizes secular long-term growth, regardless of which AI technologies prevail. In addition, please check the Strategy's top five holdings to know its best picks in 2026.
In its Q2 2026 investor letter, Brasada Capital Management highlighted Amphenol Corporation (NYSE:APH). Amphenol Corporation (NYSE:APH) is a leading manufacturer of electrical, electronic, and fiber optic connectors serving a broad range of end markets. On July 22, 2026, Amphenol Corporation (NYSE:APH) closed at $157.51 per share. One-month return of Amphenol Corporation (NYSE:APH) was -4.63%, and its shares gained 50.78% over the past 52 weeks. Amphenol Corporation (NYSE:APH) has a market capitalization of $193.77 billion.
Brasada Capital Management stated the following regarding Amphenol Corporation (NYSE:APH) in its Q2 2026 investor update:
"Amphenol Corporation (NYSE:APH) is one of the world's largest manufacturers of connectors, sensors, and interconnect systems, essentially producing the nervous system for modern electronics. The company designs solutions that allow power, signal, and data to flow reliably across demanding applications. Rather than selling off-the-shelf commodities, Amphenol acts as a crucial design partner, engineering the vast majority of its 500,000 SKUs as custom or semi-custom solutions tailored to the exact mechanical, thermal, or electrical requirements of its customers.
What makes Amphenol a high-quality business lies in its production of mission-critical components that represent a very small percentage of a customer's total cost of goods. Because the cost of failure is exceptionally high, whether in a commercial aircraft flying at 40,000 feet or a 1,000-volt EV battery, OEMs face significant switching costs and are reluctant to change suppliers once a component is proven reliable. This dynamic is further reinforced by a highly decentralized operating structure where general managers run their business units autonomously, enabling rapid, localized responses to customer needs. Additionally, the company is diversified across eight major end markets, with no single sector accounting for more than 25% of sales, which acts as a powerful shock absorber during cyclical downturns..." (Click here to read the full text)
#amphenol
In its Q2 2026 investor letter, Brasada Capital Management highlighted Amphenol Corporation (NYSE:APH). Amphenol Corporation (NYSE:APH) is a leading manufacturer of electrical, electronic, and fiber optic connectors serving a broad range of end markets. On July 22, 2026, Amphenol Corporation (NYSE:APH) closed at $157.51 per share. One-month return of Amphenol Corporation (NYSE:APH) was -4.63%, and its shares gained 50.78% over the past 52 weeks. Amphenol Corporation (NYSE:APH) has a market capitalization of $193.77 billion.
Brasada Capital Management stated the following regarding Amphenol Corporation (NYSE:APH) in its Q2 2026 investor update:
"Amphenol Corporation (NYSE:APH) is one of the world's largest manufacturers of connectors, sensors, and interconnect systems, essentially producing the nervous system for modern electronics. The company designs solutions that allow power, signal, and data to flow reliably across demanding applications. Rather than selling off-the-shelf commodities, Amphenol acts as a crucial design partner, engineering the vast majority of its 500,000 SKUs as custom or semi-custom solutions tailored to the exact mechanical, thermal, or electrical requirements of its customers.
What makes Amphenol a high-quality business lies in its production of mission-critical components that represent a very small percentage of a customer's total cost of goods. Because the cost of failure is exceptionally high, whether in a commercial aircraft flying at 40,000 feet or a 1,000-volt EV battery, OEMs face significant switching costs and are reluctant to change suppliers once a component is proven reliable. This dynamic is further reinforced by a highly decentralized operating structure where general managers run their business units autonomously, enabling rapid, localized responses to customer needs. Additionally, the company is diversified across eight major end markets, with no single sector accounting for more than 25% of sales, which acts as a powerful shock absorber during cyclical downturns..." (Click here to read the full text)
#amphenol
5 days ago
Ironvine Capital Partners, an investment management company, released its Q2 2026 investor letter. A copy of the letter can be downloaded here. The letter emphasizes the vital role of AI adoption in capital markets, highlighting a projected $7 trillion in new debt issuance by 2029 due to increased AI computing investments by hyperscale companies. This trend presents both risks and opportunities. The firm has shifted away from semiconductors during the quarter, as they require 2027 or 2028 spending levels for sustainable returns. The Ironvine Concentrated fund reported a year-to-date return of 11.02% (net), outperforming the S&P 500 Index's 10.21% return. In addition, please check the Strategy's top five holdings to know its best picks in 2026.
In its Q2 2026 investor letter, Ironvine Capital Partners highlighted Meta Platforms, Inc. (NASDAQ:META). Meta Platforms, Inc. (NASDAQ:META), the parent company of dominant social media platforms, is a multinational technology company that develops products to connect people. On July 22, 2026, Meta Platforms, Inc. (NASDAQ:META) closed at $627.17 per share, reflecting a market capitalization of $1.68 trillion. Meta Platforms, Inc. (NASDAQ:META) posted a one-month return of 15.53%, while its shares lost 12.26% over the past 52 weeks.
Ironvine Capital Partners stated the following regarding Meta Platforms, Inc. (NASDAQ:META) in its Q2 2026 investor update:
"Meta Platforms, Inc. (NASDAQ:META) has uniquely powerful data and distribution advantages and the company is investing aggressively in its own artificial intelligence models and compute to make its advertising platform more effective. Meta's core business has among the most straight forward and compelling commercial use cases for AI that we are aware of. More engaging, relevant, and frequently refreshed creative content makes digital ads useful versus simply clutter. One unnamed Ironviner visits Instagram specifically for curated clothing, gear, and gift ideas—he checks in for the ads, not in spite of them, because he is often introduced to new brands and items he hadn't thought of or didn't know existed. For advertisers, the ease and precision of targeting and measuring return on ad spend is powerful. They can refine and improve their approach leveraging Meta's tools to increase efficiency. The company's ability to leverage and improve its own models within this robust and proprietary feedback loop should draw additional advertising dollars and further the company's lead in time. We initiated a position in Meta in our Concentrated strategy and added to our existing position in Core during the second quarter."
#NASDAQ #ironvine #return
In its Q2 2026 investor letter, Ironvine Capital Partners highlighted Meta Platforms, Inc. (NASDAQ:META). Meta Platforms, Inc. (NASDAQ:META), the parent company of dominant social media platforms, is a multinational technology company that develops products to connect people. On July 22, 2026, Meta Platforms, Inc. (NASDAQ:META) closed at $627.17 per share, reflecting a market capitalization of $1.68 trillion. Meta Platforms, Inc. (NASDAQ:META) posted a one-month return of 15.53%, while its shares lost 12.26% over the past 52 weeks.
Ironvine Capital Partners stated the following regarding Meta Platforms, Inc. (NASDAQ:META) in its Q2 2026 investor update:
"Meta Platforms, Inc. (NASDAQ:META) has uniquely powerful data and distribution advantages and the company is investing aggressively in its own artificial intelligence models and compute to make its advertising platform more effective. Meta's core business has among the most straight forward and compelling commercial use cases for AI that we are aware of. More engaging, relevant, and frequently refreshed creative content makes digital ads useful versus simply clutter. One unnamed Ironviner visits Instagram specifically for curated clothing, gear, and gift ideas—he checks in for the ads, not in spite of them, because he is often introduced to new brands and items he hadn't thought of or didn't know existed. For advertisers, the ease and precision of targeting and measuring return on ad spend is powerful. They can refine and improve their approach leveraging Meta's tools to increase efficiency. The company's ability to leverage and improve its own models within this robust and proprietary feedback loop should draw additional advertising dollars and further the company's lead in time. We initiated a position in Meta in our Concentrated strategy and added to our existing position in Core during the second quarter."
#NASDAQ #ironvine #return
5 days ago
Brasada Capital Management, an investment management company, released its Q2 2026 investor letter. A copy of the letter is available to download here. The market landscape in the past quarter has been significantly influenced by the rapid advancements in artificial intelligence (AI), overshadowing other concerns like geopolitical conflicts. Currently, the AI boom is so substantial that it affects the entire market cycle. Key factors include a 400% increase in memory demand due to AI, a slow supply response that takes years to catch up, and minimal demand destruction. The Fund's investment strategy focuses on essential infrastructure that maintains competitive advantages, rather than chasing speculative momentum. The firm emphasizes secular long-term growth, regardless of which AI technologies prevail. In addition, please check the Strategy's top five holdings to know its best picks in 2026.
In its Q2 2026 investor letter, Brasada Capital Management highlighted Fastenal Company (NASDAQ:FAST). Fastenal Company (NASDAQ:FAST) is a leading industrial and construction supply distributor that offers fasteners, tools, safety equipment, and inventory management solutions. On July 22, 2026, Fastenal Company (NASDAQ:FAST) closed at $45.33 per share, reflecting a market capitalization of $52.02 billion. Fastenal Company (NASDAQ:FAST) posted a one-month return of -3.39%, while its shares lost 5.42% over the past 52 weeks.
Brasada Capital Management stated the following regarding Fastenal Company (NASDAQ:FAST) in its Q2 2026 investor update:
"Fastenal Company (NASDAQ:FAST) distributes a wide array of products including fasteners, tools, safety equipment, and janitorial supplies, but at its core Fastenal is an outsourced procurement and supply chain partner for the industrial sector, helping to seamlessly manage customer inventory. Fastenal embeds itself within its customers' operations through local branches, automated industrial vending machines, FASTBins equipped with RFID technology, and dedicated Onsite locations where full-time Fastenal employees work directly on the customer's manufacturing floor. By handling the complexities of sourcing and replenishment, Fastenal ensures parts are always available, allowing clients to focus on their core competencies without the risk of costly production delays caused by a missing screw.
What makes Fastenal a high-quality business is that their customers have come to depend on them for cheap, mission critical parts – any delay or having the wrong type of fastener in inventory can mean millions of dollars in costs for the manufacturers in the form of slowdowns, shutdowns, poor product quality, or recalls. If you're missing a $0.30 screw on a $10K or $10M machine, you're just not shipping that machine, and if you have too many of those screws laying around, you're likely wasting ***** e and money. As such, Fastenal commands premium pricing power, high returns on capital, and reoccurring revenue. On top of that, Fast
In its Q2 2026 investor letter, Brasada Capital Management highlighted Fastenal Company (NASDAQ:FAST). Fastenal Company (NASDAQ:FAST) is a leading industrial and construction supply distributor that offers fasteners, tools, safety equipment, and inventory management solutions. On July 22, 2026, Fastenal Company (NASDAQ:FAST) closed at $45.33 per share, reflecting a market capitalization of $52.02 billion. Fastenal Company (NASDAQ:FAST) posted a one-month return of -3.39%, while its shares lost 5.42% over the past 52 weeks.
Brasada Capital Management stated the following regarding Fastenal Company (NASDAQ:FAST) in its Q2 2026 investor update:
"Fastenal Company (NASDAQ:FAST) distributes a wide array of products including fasteners, tools, safety equipment, and janitorial supplies, but at its core Fastenal is an outsourced procurement and supply chain partner for the industrial sector, helping to seamlessly manage customer inventory. Fastenal embeds itself within its customers' operations through local branches, automated industrial vending machines, FASTBins equipped with RFID technology, and dedicated Onsite locations where full-time Fastenal employees work directly on the customer's manufacturing floor. By handling the complexities of sourcing and replenishment, Fastenal ensures parts are always available, allowing clients to focus on their core competencies without the risk of costly production delays caused by a missing screw.
What makes Fastenal a high-quality business is that their customers have come to depend on them for cheap, mission critical parts – any delay or having the wrong type of fastener in inventory can mean millions of dollars in costs for the manufacturers in the form of slowdowns, shutdowns, poor product quality, or recalls. If you're missing a $0.30 screw on a $10K or $10M machine, you're just not shipping that machine, and if you have too many of those screws laying around, you're likely wasting ***** e and money. As such, Fastenal commands premium pricing power, high returns on capital, and reoccurring revenue. On top of that, Fast
5 days ago
Brasada Capital Management, an investment management company, released its Q2 2026 investor letter. A copy of the letter is available to download here. The market landscape in the past quarter has been significantly influenced by the rapid advancements in artificial intelligence (AI), overshadowing other concerns like geopolitical conflicts. Currently, the AI boom is so substantial that it affects the entire market cycle. Key factors include a 400% increase in memory demand due to AI, a slow supply response that takes years to catch up, and minimal demand destruction. The Fund's investment strategy focuses on essential infrastructure that maintains competitive advantages, rather than chasing speculative momentum. The firm emphasizes secular long-term growth, regardless of which AI technologies prevail. In addition, please check the Strategy's top five holdings to know its best picks in 2026.
In its Q2 2026 investor letter, Brasada Capital Management highlighted Cavco Industries, Inc. (NASDAQ:CVCO). Cavco Industries, Inc. (NASDAQ:CVCO) is a leading manufacturer of factory-built homes primarily in the United States. On July 22, 2026, Cavco Industries, Inc. (NASDAQ:CVCO) closed at $570.05 per share, reflecting a market capitalization of $4.39 billion. Cavco Industries, Inc. (NASDAQ:CVCO) posted a one-month return of -6.32%, while its shares gained 38.35% over the past 52 weeks.
Brasada Capital Management stated the following regarding Cavco Industries, Inc. (NASDAQ:CVCO) in its Q2 2026 investor update:
"Cavco Industries, Inc. (NASDAQ:CVCO) is one of the largest producers of manufactured and modular homes, serving as a critical supplier of affordable housing solutions across the U.S. Cavco utilizes 33 manufacturing production lines and distributes its homes through a network of 92 company-owned retail locations as well as independent retailers. To support the entire homebuying lifecycle, Cavco also offers integrated services through its Standard Casualty insurance group and CountryPlace Mortgage finance subsidiary, making it a comprehensive player in the factory-built housing ecosystem.
What makes Cavco a high-quality business is that it operates within a highly consolidated and attractive oligopoly that heavily favors scale and established distribution. The top three manufacturers in this industry, Clayton Homes, Skyline Champion, and Cavco, control more than 86% of total industry production. This concentrated industry structure creates significant barriers to entry for new competitors, allowing the dominant players to maintain rational pricing, and driving outsized returns on capital by leveraging procurement scale and a wide geographic reach. And unlike AI, housing is one of those industries that has been around for centuries and will likely continue to be around for centuries more..." (Click here to read the full text)
#homes
In its Q2 2026 investor letter, Brasada Capital Management highlighted Cavco Industries, Inc. (NASDAQ:CVCO). Cavco Industries, Inc. (NASDAQ:CVCO) is a leading manufacturer of factory-built homes primarily in the United States. On July 22, 2026, Cavco Industries, Inc. (NASDAQ:CVCO) closed at $570.05 per share, reflecting a market capitalization of $4.39 billion. Cavco Industries, Inc. (NASDAQ:CVCO) posted a one-month return of -6.32%, while its shares gained 38.35% over the past 52 weeks.
Brasada Capital Management stated the following regarding Cavco Industries, Inc. (NASDAQ:CVCO) in its Q2 2026 investor update:
"Cavco Industries, Inc. (NASDAQ:CVCO) is one of the largest producers of manufactured and modular homes, serving as a critical supplier of affordable housing solutions across the U.S. Cavco utilizes 33 manufacturing production lines and distributes its homes through a network of 92 company-owned retail locations as well as independent retailers. To support the entire homebuying lifecycle, Cavco also offers integrated services through its Standard Casualty insurance group and CountryPlace Mortgage finance subsidiary, making it a comprehensive player in the factory-built housing ecosystem.
What makes Cavco a high-quality business is that it operates within a highly consolidated and attractive oligopoly that heavily favors scale and established distribution. The top three manufacturers in this industry, Clayton Homes, Skyline Champion, and Cavco, control more than 86% of total industry production. This concentrated industry structure creates significant barriers to entry for new competitors, allowing the dominant players to maintain rational pricing, and driving outsized returns on capital by leveraging procurement scale and a wide geographic reach. And unlike AI, housing is one of those industries that has been around for centuries and will likely continue to be around for centuries more..." (Click here to read the full text)
#homes
