LOS ANGELES — Blake Snell waited nearly three months for his return to the mound. Max Muncy made sure the wait ended with a win.
WALK IT OFF, MAX. pic.twitter.com/d9rYp0jp3L
Muncy delivered a walk-off single in the 10th inning, his seventh career walk-off hit, lifting the Dodgers to a 5-4 victory over the Kansas City Royals on Tuesday night in a back-and-forth game that ultimately gave the Dodgers a second straight win.
The Dodgers loaded the bases in the 10th before the Royals intentionally walked Kyle Tucker to bring Muncy to the plate with nowhere to put the go-ahead run.
Muncy, who had already collected a single, came through again.

#muncy #Royals

SAN FRANCISCO (AP) — Bryce Eldridge homered, fellow rookie Carson Whisenhunt pitched 5 2/3 innings after working out of two early bases-loaded jams and the San Francisco Giants beat the Houston Astros 4-1 on Tuesday night.
Jose Altuve was hit by a pitch from Whisenhunt (3-3) to load the bases with one out in the first. Altuve stayed in the game but did not return for the bottom of the second inning with what the team said was a left foot contusion.
Christian Walker popped out to short right field for the second out, and Nelson Velázquez grounded out to third in his first at-bat with the Astros after being claimed off waivers from the St. Louis Cardinals.
Houston loaded the bases with ****** ody out in the second, but managed only a sacrifice fly by Yordan Alvarez for a 1-0 lead.
Rafael Devers drew a walk off Hunter Brown (3-2) and took second on a wild pitch to start the bottom of the inning. Drew Gilbert's one-out single tied it.

#second #francisco #altuve #loaded

During the August 6 episode of Mad Money, a caller asked host Jim Cramer about Honeywell Aerospace Inc. (NASDAQ:HONA) following a steep, near 28% collapse in the stock between August 4 and August 6. Cramer revealed that the Charitable Trust immediately unloaded the position at the opening bell. He stated:
It really hurt us. Both Phil LeBeau and I were stunned. Phil said three times that they could've told us that things were bad. I called the management, and I said, management called me back, and said, look, I said, listen, I think it's a very suboptimal situation.
I really don't like the situation. I think that the company should have been much more forthcoming. I think it was a rookie mistake. We sold the stock at the opening for the Charitable Trust. It is a great company, but man, they are not ready for prime time, and it was very disappointing.
The sudden plunge caught institutional investors and **** ysts off guard, landing the newly minted standalone company in Wall Street's penalty box. Honeywell Aerospace Inc. (NASDAQ:HONA) watched its shares implode after management slashed its full-year outlook following the second-quarter results.
The core catalyst behind the selloff was a severe downgrade to the corporate financial roadmap. Management aligned full-year forecasts with supply-chain capabilities, scaling back expectations across some major financial metrics. Organic growth guidance was reduced to a range of 4% to 5%, compared to previous guidance of 7% to 9%. Pro forma standalone adjusted EBIT was lowered to a range of $4.35 billion to $4.45 billion, down from earlier projections of $4.65 billion to $4.75 billion. In addition, year-over-year adjusted EBIT growth was revised to a range of flat to 3%, down from prior guidance of 7% to 10%. Persistent supply-chain constraints forced the company to prioritize original equipment manufacturer deliveries to major planemakers like Boeing and Airbus. As a result, production was diverted away from higher-revenue, higher-margin aftermarket operations, squeezing profitability right out of the gate as an independent entity.

#management #guidance #range #cramer

SAN DIEGO (AP) — Luis Rengifo hit a grand slam against the Brewers seven weeks after they released him, Fernando Tatis Jr. hit a milestone homer and the San Diego Padres beat Milwaukee 11-2 on Tuesday night to win a series against baseball's best team.
Luis Campusano added a two-run homer for the Padres, who will go for a three-game sweep on Wednesday behind trade deadline acquisition Robbie Ray. The Padres lost two of three in Milwaukee in mid-May.
The Padres pulled into a tie with Philadelphia and Arizona for the third NL wild-card spot after winning their fourth straight game and 14th of 18.
Rengifo was released by the Brewers on June 23 and signed a minor league deal with the Padres six days later. He made his Padres debut on July 10.
Rengifo came to the plate with the bases loaded and two outs in the second inning after Tatis challenged a strike call that was overturned for a walk. Rengifo then hit a 1-0 fastball from Kyle Harrison (9-3) into the seats in left field for a 5-0 lead. It was his third homer of the year.

#Padres #brewers #milwaukee #three

US-based investment company McIntyre Partnerships delivered flat performance in H1 2026, returning 0% gross and -1% net compared to the Russell 2000 Value Index's 23% return. A copy of the letter can be downloaded here. The second quarter results were a complete reversal of Q1 results, with the portfolio appreciating 23.0% (gross) and 23.3% (net), outperforming the index's 17.3%. The overall market surge contributed to this performance, alongside several positive developments related to the firm's holdings. Since inception, the fund has returned ~16% gross and ~12% net per annum, surpassing the benchmark's return of ~9% per annum. The portfolio is highly concentrated, with QDEL as the largest holding, creating volatility. Despite mixed results, the firm remains confident in the portfolio, particularly with QDEL viewed as a key investment opportunity. Potential for further growth is expected from several large investments with promising catalysts. In addition, you can check the Strategy's top 5 holdings to determine its best picks for 2026.
In its Q2 2026 investor letter, McIntyre Partnerships highlighted Star Holdings (NASDAQ:STHO). Star Holdings (NASDAQ:STHO) is a real estate company that engages in non-ground lease-related businesses. On August 7, 2026, Star Holdings (NASDAQ:STHO) closed at $9.64 per share. The one-month return of Star Holdings (NASDAQ:STHO) was 5.47%, and its shares gained 32.97% over the past 52 weeks. Star Holdings (NASDAQ:STHO) has a market capitalization of $116.54 million.
McIntyre Partnerships stated the following regarding Star Holdings (NASDAQ:STHO) in its Q2 2026 investor letter:
"2026 has been a decent year for Star Holdings (NASDAQ:STHO), with shares rallying ~14% YTD. However, it has been a substantially better fundamental year, with SAFE rallying ~20%. For perspective, based solely on SAFE's share price appreciation, STHO would have appreciated approximately 36%. Further, STHO has made significant progress in unwinding its legacy holdings. I estimate STHO's current NAV is ~$24.50, a 160% premium, and that the company will be able to return significant capital in 2027, if not sooner.
Regarding SAFE, Q2 marked STHO's best fundamental performance since we began purchasing STHO, with origination volumes returning to a four-year high and the company implementing its first share buyback, retiring ~2% of shares outstanding. Most importantly, SAFE sold a portfolio at a ~4.1% cap rate, which compares favorably to SAFE's current implied cap rate of ~5.3%. Applying a 4.1% cap rate, SAFE would be valued at $37/sh. versus its $16 trading price. While the remaining properties could warrant a lower multiple, if SAFE were to close its valuation gap, our STHO investment would benefit substantially."

#stho #company #return

Antipodes Partners published its "Antipodes Global Strategy" second-quarter 2026 investor letter, highlighting the key performance stocks, portfolio changes, and the market outlook. A copy of the letter can be downloaded here. The second quarter of 2026 delivered one of the strongest equity market recoveries in recent history, as global equities gained 14.9% in US dollar terms. Renewed enthusiasm for artificial intelligence, strong corporate earnings, and easing tensions with Iran supported the rebound, while growth stocks outperformed value and emerging markets led gains, particularly Korea and Taiwan. The Antipodes Global Value Strategy underperformed its benchmark during the quarter and over the 12 months to June 30, 2026, as returns became concentrated in a narrow group of semiconductor and hardware stocks. Consumer staples and consumer discretionary holdings supported performance, while information technology, software, and internet exposure detracted. The firm remains cautious on expensive memory companies because pricing and supply remain cyclical despite AI demand. The Strategy continues to favor valued infrastructure, specialty semiconductors, resilient software, and quality businesses. For insights into its key selections for 2026, please review the Strategy's top five holdings.
In its Q2 2026 investor letter, Antipodes Global Strategy highlighted TotalEnergies SE (NYSE:TTE). TotalEnergies SE (NYSE:TTE) is a leading energy company that produces and markets oil and biofuels, natural gas, biogas, and low-carbon hydrogen, renewables, and electricity. On August 7, 2026, TotalEnergies SE (NYSE:TTE) closed at $85.83 per share. The one-month return of TotalEnergies SE (NYSE:TTE) was 7.49%, and its shares gained 43.01% over the past 52 weeks. TotalEnergies SE (NYSE:TTE) has a market capitalization of $190.44 billion.
Antipodes Global Strategy stated the following regarding TotalEnergies SE (NYSE:TTE) in its Q2 2026 investor letter:
"TotalEnergies SE (NYSE:TTE) underperformed as weaker crude oil and natural gas prices reduced earnings expectations and cash-flow forecasts across the integrated energy sector in line with geopolitical tensions easing over the Quarter. Concerns over slowing global economic growth and softer fuel demand also weighed on commodity markets, while increased OPEC+ supply expectations added further pressure to oil prices. Although TotalEnergies continued to benefit from its diversified LNG, power and renewable energy portfolio, these positives were outweighed by declining upstream earnings expectations. A broader rotation away from defensive energy stocks toward higher-growth sectors and profit taking after a stronger period also contributed to weakness."

#strategy #letter #stocks

US-based investment company McIntyre Partnerships delivered flat performance in H1 2026, returning 0% gross and -1% net compared to the Russell 2000 Value Index's 23% return. A copy of the letter can be downloaded here. The second quarter results were a complete reversal of Q1 results, with the portfolio appreciating 23.0% (gross) and 23.3% (net), outperforming the index's 17.3%. The overall market surge contributed to this performance, alongside several positive developments related to the firm's holdings. Since inception, the fund has returned ~16% gross and ~12% net per annum, surpassing the benchmark's return of ~9% per annum. The portfolio is highly concentrated, with QDEL as the largest holding, creating volatility. Despite mixed results, the firm remains confident in the portfolio, particularly with QDEL viewed as a key investment opportunity. Potential for further growth is expected from several large investments with promising catalysts. In addition, you can check the Strategy's top 5 holdings to determine its best picks for 2026.
In its Q2 2026 investor letter, McIntyre Partnerships highlighted Sotera Health Company (NASDAQ:SHC). Sotera Health Company (NASDAQ:SHC) is a US-based company that provides sterilization solutions, lab testing, and advisory services for the healthcare industry. On August 7, 2026, Sotera Health Company (NASDAQ:SHC) closed at $18.86 per share, reflecting a market capitalization of $5.38 billion. Sotera Health Company (NASDAQ:SHC) posted a one-month return of 5.04%, while its shares gained 25.61% over the past 52 weeks.
McIntyre Partnerships stated the following regarding Sotera Health Company (NASDAQ:SHC) in its Q2 2026 investor letter:
"Sotera Health Company (NASDAQ:SHC) saw positive Q1 results, with the key Sterigenics segment continuing its return to HSD organic growth following the COVID destocking in 2023 and 2024. Further, SHC also had positive legal news regarding its Georgia litigation, where the judge threw out 5 lawsuits with reasoning that implies the remaining 450 cases are likely to be rejected as well. While I believe the judge's ruling implies current liability is sub-$50MM, I estimate a worst-case $400k per case settlement, or $180MM, even if appeals reverse the decision. This compares to SHC's 2026 EBITDA of ~$640MM. The company also saw a CEO transition, with its long-time CEO transitioning to Executive Chairman and the hiring of CEO Shader from Viant, a medical device services company where he served as CEO. We are encouraged that former CEO Petras remains on the board and intends to play an active role in ensuring a smooth transition.
Finally, and most importantly, following Q1 earnings, SHC's former private equity owners sold the last of their shares. I believe the PE firms' selling pressure, via predictable quarterly block trades, has been a considerable overhang on SHC's shares over the past year. With this overhang gone, I believe SHC is well positioned to reweight towards peers. I es

The Orioles blasted a pair of two-run homers in the first two innings against Bailey Ober to jump out to an early lead. The damage was done by Pete Alonso and Gunnar Henderson.
The Twins loaded the bases in the 2nd inning with no outs and only got one run out of it. In the top of the 3rd, Christian Encarnacion-Strand hit a solo homer to make it a 5-1 game.
In the bottom of the 3rd, Brooks Lee's 19th double scored their 2nd run of the game. Later, Alan Roden would strike out with the bases loaded to end the inning.
The final chance for the Twins came in the 8th, with Luke Keaschall and Royce Lewis getting on base. Unfortunately, Kaelen Culpepper would strike out looking to end the inning.
It was a pretty uneventful game after the 3rd inning, with the exception of Culpepper getting his first hit at Target Field in the 4th inning. Ober managed to settle down and go 6 innings, with the bullpen trio of Funderburk, Nance, and Rogers keeping the game within reach. The lineup just couldn't reach very far, or at all.

#inning #bases

NEW YORK (AP) — Ryan McMahon and Trent Grisham each hit a two-run single in the seventh inning to send the New York Yankees past the slumping Seattle Mariners 4-1 on Tuesday night.
Ryan Weathers carried a one-hit shutout into the sixth and Luis García Jr. sparked the decisive rally with his second double of the night for New York, which leads the American League wild-card race.
Randy Arozarena homered in the sixth for the fading Mariners (56-64), who have lost five in a row and 14 of 19 to fall a season-worst eight games under .500. Seattle, which opened a nine-game trip against three teams currently in playoff position, has mustered only five runs during the losing streak and nine in the past seven games.
Jazz Chisholm Jr. sent García to third with a single in the seventh, and rookie Spencer Jones drew a one-out walk. McMahon gave the Yankees a 2-1 lead with a bases-loaded single off reliever Michael Rucker (0-4), and Grisham added his two-run single off Eduard Bazardo.
Tim Hill (4-2) replaced Weathers with a runner on in the sixth and retired all four batters he faced. Brent Headrick struck out two in a perfect eighth and David Bednar got three outs for his 27th save.

#york #yankees #Seattle #weathers

US-based investment company McIntyre Partnerships delivered flat performance in H1 2026, returning 0% gross and -1% net compared to the Russell 2000 Value Index's 23% return. A copy of the letter can be downloaded here. The second quarter results were a complete reversal of Q1 results, with the portfolio appreciating 23.0% (gross) and 23.3% (net), outperforming the index's 17.3%. The overall market surge contributed to this performance, alongside several positive developments related to the firm's holdings. Since inception, the fund has returned ~16% gross and ~12% net per annum, surpassing the benchmark's return of ~9% per annum. The portfolio is highly concentrated, with QDEL as the largest holding, creating volatility. Despite mixed results, the firm remains confident in the portfolio, particularly with QDEL viewed as a key investment opportunity. Potential for further growth is expected from several large investments with promising catalysts. In addition, you can check the Strategy's top 5 holdings to determine its best picks for 2026.
In its Q2 2026 investor letter, McIntyre Partnerships highlighted QuidelOrtho Corporation NASDAQ:QDEL). QuidelOrtho Corporation (NASDAQ:QDEL) is a diagnostic testing solutions company that provides solutions across Labs, Transfusion Medicine, Point of Care, and Molecular Diagnostics. On August 7, 2026, QuidelOrtho Corporation (NASDAQ:QDEL) closed at $12.28 per share, reflecting a market capitalization of $837.72 million. QuidelOrtho Corporation (NASDAQ:QDEL) posted a one‑month return of ‑837.72%, while its shares lost 46.55% over the past 52 weeks."
McIntyre Partnerships stated the following regarding QuidelOrtho Corporation (NASDAQ:QDEL) in its Q2 2026 investor letter:
"As I argued in the Q1 letter outlining our thesis, QuidelOrtho Corporation (NASDAQ:QDEL) is essentially three different businesses operating under one corporate entity, and a division could be sold to deleverage the company. QDEL appears to be following this path. According to the FT article, QDEL is looking to sell its POC division for roughly $1.5B. POC is the old Quidel business, and the transaction would essentially undo the 2022 merger of Quidel and Ortho. ***** uming a sale near the rumored price, the QDEL RemainCo would be ~2.5x levered and consist of the legacy Ortho business. Critically, the driver of QDEL's repeated missed estimates over the last three years is the legacy Quidel business, while legacy Ortho has been a steady performer, albeit with negative Chinese regulatory news in Q1. Once the Chinese regulations are finalized in the coming months, I believe the legacy Ortho business will return to its historical, consistent high single-digit EBITDA growth.
Additionally, I believe Q2 will mark a low point for cash flow generation, a frequent bear point. As QDEL delevers and exits the volatile flu and COVID business, I believe the stock can reweight towards peers in the 11-15x EV/EBITDA range. If not, I believe the company will

Long Cast Advisers, an independent registered investment adviser, released its Q2 2026 investor letter. A copy can be downloaded here. The firm reported strong earnings in the second quarter, with results improving 20%, bringing year-to-date returns to +19%. While performance trailed the Russell 2000 and iShares US MicroCap ETF, it remained well ahead of the iShares SmallCap EAFE (ex-N. Am) ETF. Since inception in 2015, ***** ulative returns stand at 343% (15% CAGR), reflecting the firm's strategy of concentrated, patient investments in small and micro‑cap companies. The firm remains cautious in this environment, emphasizing patience and endurance while avoiding margin and volatility. In addition, please check the firm's top five holdings to know its best picks in 2026.
In its Q2 2026 investor letter, Long Cast Advisers highlighted Pro-Dex, Inc. (NASDAQ:PDEX). Pro-Dex, Inc. (NASDAQ:PDEX) is a global medical device company that designs, develops, manufactures, and sells powered surgical instruments for medical device OEMs. On August 7, 2026, Pro-Dex, Inc. (NASDAQ:PDEX) closed at $65.56 per share. The one-month return of Pro-Dex, Inc. (NASDAQ:PDEX) was 7.88%, and its shares gained 72.87% over the past 52 weeks. Pro-Dex, Inc. (NASDAQ:PDEX) has a market capitalization of $209.32 million.
Long Cast Advisers stated the following regarding Pro-Dex, Inc. (NASDAQ:PDEX) in its Q2 2026 investor letter:
"In 2Q26, Pro-Dex, Inc. (NASDAQ:PDEX), PESI and MTRX were the largest contributors. The PDEX pitch offered an attempt to quantify the anticipated incremental benefits to operations if Zimmer succeeds with the mBos robot commercialization (a corrected version of the slide is below). The milestones, prices and margins are all derived from public filings and we ***** ume four effectors per system sale, as an informed estimate.
Zimmer's purchase of Monogram last year included "contingent valuation rights" (CVRs) that pay out $3.41 / share in each year from 2028 to 2030 that mBos gross revenues exceed certain hurdles. Based on these estimates, we calculated the number of systems needed to achieve those revenues, and it triangulates to a capital sale in the range of ~$1M per machine, in line with the cost of Stryker's Mako platform. Stryker sold 860 units in its first three years, so the forecast 609 units to trigger the final CVR seems achievable. And even if the timing is wrong or our estimates imprecise, as long as the direction is right - and Zimmer is putting significant resources behind the launch - once the system launches, PDEX could experience an exceptional transformation in operating cash flow that would justify a substantially higher corporate value. This is why it remains a top position."

#long #cast #investor

Long Cast Advisers, an independent registered investment adviser, released its Q2 2026 investor letter. A copy can be downloaded here. The firm reported strong earnings in the second quarter, with results improving 20%, bringing year-to-date returns to +19%. While performance trailed the Russell 2000 and iShares US MicroCap ETF, it remained well ahead of the iShares SmallCap EAFE (ex-N. Am) ETF. Since inception in 2015, **** ulative returns stand at 343% (15% CAGR), reflecting the firm's strategy of concentrated, patient investments in small and micro‑cap companies. The firm remains cautious in this environment, emphasizing patience and endurance while avoiding margin and volatility. In addition, please check the firm's top five holdings to know its best picks in 2026.
In its Q2 2026 investor letter, Long Cast Advisers highlighted Perma-Fix Environmental Services, Inc. (NASDAQ:PESI). Headquartered in Atlanta, Georgia, Perma-Fix Environmental Services, Inc. (NASDAQ:PESI) is an environmental and technology know-how company. The one-month return of Perma-Fix Environmental Services, Inc. (NASDAQ:PESI) was 22.95%, and its shares gained 50.00% over the last 52 weeks. On August 07, 2026, Perma-Fix Environmental Services, Inc. (NASDAQ:PESI) stock closed at $18.08 per share, with a market capitalization of $383.36 million.
Long Cast Advisers stated the following regarding Perma-Fix Environmental Services, Inc. (NASDAQ:PESI) in its Q2 2026 investor letter:
"In 2Q26, PDEX, Perma-Fix Environmental Services, Inc. (NASDAQ:PESI) and MTRX were the largest contributors. Among our other large holdings, PESI recently preannounced 2Q26 earnings indicating continued weak profitability but strong backlog growth on expanding processing at Hanford. There is potential for significantly more waste volumes if a decision is made to grout (embed in concrete) up to 9M gallons of low-level tank waste by 2030. This recent GAO report illustrates how large that opportunity could be and how favorable the government is in pursuing it."
Perma-Fix Environmental Services, Inc. (NASDAQ:PESI) is not on our list of 40 Most Popular Stocks Among Hedge Funds Heading Into 2026. According to our database, 10 hedge fund portfolios held Perma-Fix Environmental Services, Inc. (NASDAQ:PESI) at the end of the first quarter, compared to 11 in the previous quarter. While we acknowledge the potential of Perma-Fix Environmental Services, Inc. (NASDAQ:PESI) 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.

#Services #letter

Long Cast Advisers, an independent registered investment adviser, released its Q2 2026 investor letter. A copy can be downloaded here. The firm reported strong earnings in the second quarter, with results improving 20%, bringing year-to-date returns to +19%. While performance trailed the Russell 2000 and iShares US MicroCap ETF, it remained well ahead of the iShares SmallCap EAFE (ex-N. Am) ETF. Since inception in 2015, ****** ulative returns stand at 343% (15% CAGR), reflecting the firm's strategy of concentrated, patient investments in small and micro‑cap companies. The firm remains cautious in this environment, emphasizing patience and endurance while avoiding margin and volatility. In addition, please check the firm's top five holdings to know its best picks in 2026.
In its Q2 2026 investor letter, Long Cast Advisers highlighted NRC Health (NASDAQ:NRC). NRC Health (NASDAQ:NRC) provides ****** ytics and insights to enhance the patient and employee experience of healthcare organizations in the United States. NRC Health (NASDAQ:NRC) was formerly known as National Research Corporation and changed its name in April 2026. On August 7, 2026, NRC Health (NASDAQ:NRC) closed at $20.34 per share, reflecting a market capitalization of $449.9 million and a year‑to‑date gain of 9.30%. NRC Health (NASDAQ:NRC) posted a one‑month return of ‑6.02%, while its shares gained 35.95% over the past 52 weeks.
Long Cast Advisers stated the following regarding NRC Health (NASDAQ:NRC) in its Q2 2026 investor letter:
"On NRC Health (NASDAQ:NRC), our newest investment, I discussed the company's evolution from owner / operator to professionally led management team, and the expected benefits from putting a growth focused, incentivized and entrepreneurial executive suite behind this strong and recognizable brand, in a business with strong FCF generation and in a market where the two leading competitors just merged in a PE backed $6.5B deal.
Quantitative evidence that supports our optimism includes the recently announced largest contract in company history, leading to the highest 12-mos backlog in history. Deferred revs are also growing and this typically leads sales. Furthermore, management indicated that the second year of the aforementioned contract is materially larger than the first, which infers that in one year's time, 12-mos backlog could be even larger, and with capacity to do more. We continue to add opportunistically."

#NASDAQ #letter #investment

Sands Capital, an investment management company, released its "Sands Capital Technology Innovators Fund" Q2 2026 investor letter. A copy of the letter can be downloaded here. In the quarter, global equities rebounded sharply, with the MSCI ACWI posting its strongest quarterly gain since 2020, supported by broad market strength, easing geopolitical tensions, and continued enthusiasm for AI infrastructure. Information technology led the advance, with semiconductor and hardware companies accounting for most of the index's rise. The fund returned 26.9% (net) in the second quarter of 2026. The portfolio benefited from strong gains across memory, software infrastructure, cybersecurity, and other AI-related holdings, although its concentrated exposure to mega-cap chip designers and manufacturers weighed on relative performance as leadership broadened into CPUs, networking, and memory. Vertical software, internet, and financial holdings were modest detractors amid macro concerns and uncertainty over AI disruption. The fund remains focused on critical AI bottlenecks, including compute, memory, manufacturing, networking, and power, while retaining selected businesses that may use AI to strengthen their competitive positions. You can check the fund's top five holdings to learn more about its leading investment ideas for the year.
In its second-quarter 2026 investor letter, Sands Capital Technology Innovators Fund highlighted Netflix, Inc. (NASDAQ:NFLX). Netflix, Inc. (NASDAQ:NFLX) is a leading subscription-based streaming entertainment platform. On August 7, 2026, Netflix, Inc. (NASDAQ:NFLX) closed at $74.14 per share. One-month return of Netflix, Inc. (NASDAQ:NFLX) was 0.42% and its shares lost 39.15% over the past 52 weeks. Netflix, Inc. (NASDAQ:NFLX) has a market capitalization of $308.71 billion.
Sands Capital Technology Innovators Fund stated the following regarding Netflix, Inc. (NASDAQ:NFLX) in its Q2 2026 investor letter:
"Netflix, Inc. (NASDAQ:NFLX) remains a uniquely scaled premium video platform, with meaningful advertising potential and subscription pricing power. However, we believe AI enabled short-form video could become an increasingly strong competitor for consumer engagement over time, creating greater uncertainty around Netflix's terminal value."
Netflix, Inc. (NASDAQ:NFLX) ranks 13 on our list of 40 Most Popular Stocks Among Hedge Funds Heading Into 2026. According to our database, 144 hedge fund portfolios held Netflix, Inc. (NASDAQ:NFLX) at the end of the first quarter, compared to 146 in the previous quarter. While we acknowledge the potential of Netflix, Inc. (NASDAQ:NFLX) 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.

#NASDAQ #fund #letter

Sands Capital, an investment management company, released its "Sands Capital Technology Innovators Fund" Q2 2026 investor letter. A copy of the letter can be downloaded here. In the quarter, global equities rebounded sharply, with the MSCI ACWI posting its strongest quarterly gain since 2020, supported by broad market strength, easing geopolitical tensions, and continued enthusiasm for AI infrastructure. Information technology led the advance, with semiconductor and hardware companies accounting for most of the index's rise. The fund returned 26.9% (net) in the second quarter of 2026. The portfolio benefited from strong gains across memory, software infrastructure, cybersecurity, and other AI-related holdings, although its concentrated exposure to mega-cap chip designers and manufacturers weighed on relative performance as leadership broadened into CPUs, networking, and memory. Vertical software, internet, and financial holdings were modest detractors amid macro concerns and uncertainty over AI disruption. The fund remains focused on critical AI bottlenecks, including compute, memory, manufacturing, networking, and power, while retaining selected businesses that may use AI to strengthen their competitive positions. You can check the fund's top five holdings to learn more about its leading investment ideas for the year.
In its Q2 2026 investor letter, Sands Capital Technology Innovators Fund highlighted Arm Holdings plc (NASDAQ:ARM) as a new holding. Arm Holdings plc (NASDAQ:ARM) is a UK-based technology company that develops and licenses central processing unit designs and related technologies for semiconductor companies and original equipment manufacturers. On August 7, 2026, Arm Holdings plc (NASDAQ:ARM) closed at $282.57 per share. The one-month return of Arm Holdings plc (NASDAQ:ARM) was -10.03%, and its shares gained 90.72% over the past 52 weeks. Arm Holdings plc (NASDAQ:ARM) has a market capitalization of $301.78 billion.
Sands Capital Technology Innovators Fund stated the following regarding Arm Holdings plc (NASDAQ:ARM) in its Q2 2026 investor letter:
"Advanced Micro Devices, Arm Holdings plc (NASDAQ:ARM), and Intel increased the portfolio's exposure to rising CPU demand driven by agentic AI. While GPUs remain central to training and token generation, CPUs are increasingly important for scheduling, memory management, tool execution, and the orchestration of agentic workflows. As AI workloads evolve toward inference, agentic workflows, and more complex data center architectures, we believe the need to coordinate, feed, and manage accelerated compute could drive stronger CPU demand than investors previously expected. AMD and Arm provide exposure to supplier diversity, open standards, and more efficient compute architectures, while Intel adds exposure to server CPUs and potential foundry optionality as customers seek additional sources of advanced manufacturing supply. While execution risk remains meaningful, particularly for Intel, we b

Sands Capital, an investment management company, released its "Sands Capital Technology Innovators Fund" Q2 2026 investor letter. A copy of the letter can be downloaded here. In the quarter, global equities rebounded sharply, with the MSCI ACWI posting its strongest quarterly gain since 2020, supported by broad market strength, easing geopolitical tensions, and continued enthusiasm for AI infrastructure. Information technology led the advance, with semiconductor and hardware companies accounting for most of the index's rise. The fund returned 26.9% (net) in the second quarter of 2026. The portfolio benefited from strong gains across memory, software infrastructure, cybersecurity, and other AI-related holdings, although its concentrated exposure to mega-cap chip designers and manufacturers weighed on relative performance as leadership broadened into CPUs, networking, and memory. Vertical software, internet, and financial holdings were modest detractors amid macro concerns and uncertainty over AI disruption. The fund remains focused on critical AI bottlenecks, including compute, memory, manufacturing, networking, and power, while retaining selected businesses that may use AI to strengthen their competitive positions. You can check the fund's top five holdings to learn more about its leading investment ideas for the year.
In its Q2 2026 investor letter, Sands Capital Technology Innovators Fund highlighted **** e Exploration Technologies Corp. (NASDAQ:SPCX). **** e Exploration Technologies Corp. (NASDAQ:SPCX) is a US-based aerospace company specializing in advanced rockets and **** ecraft. The one-month return of **** e Exploration Technologies Corp. (NASDAQ:SPCX) was -2.40%. On August 7, 2026, **** e Exploration Technologies Corp. (NASDAQ:SPCX) closed at $133.11 per share, reflecting a market capitalization of $1.77 trillion.
Sands Capital Technology Innovators Fund stated the following regarding **** e Exploration Technologies Corp. (NASDAQ:SPCX) in its Q2 2026 investor letter:
"Exploration Technologies Corp. (NASDAQ:SPCX) (SpaceX) was added as a more idiosyncratic growth opportunity. The company provides foundational infrastructure for the emerging **** e economy through its reusable launch technology and Starlink broadband network. Reusability has lowered launch costs, increased launch frequency, and strengthened **** eX's leadership in global mass to-orbit. We believe this position could widen further as Starship scales, while Starlink expands the opportunity into enterprise connectivity, government communications, and direct-to-device services. We initiated the position at a modest weight, recognizing the potential volatility **** ociated with limited float, retail activity, and technical buying pressure."

#technologies #NASDAQ #technology

Sands Capital, an investment management company, released its "Sands Capital Technology Innovators Fund" Q2 2026 investor letter. A copy of the letter can be downloaded here. In the quarter, global equities rebounded sharply, with the MSCI ACWI posting its strongest quarterly gain since 2020, supported by broad market strength, easing geopolitical tensions, and continued enthusiasm for AI infrastructure. Information technology led the advance, with semiconductor and hardware companies accounting for most of the index's rise. The fund returned 26.9% (net) in the second quarter of 2026. The portfolio benefited from strong gains across memory, software infrastructure, cybersecurity, and other AI-related holdings, although its concentrated exposure to mega-cap chip designers and manufacturers weighed on relative performance as leadership broadened into CPUs, networking, and memory. Vertical software, internet, and financial holdings were modest detractors amid macro concerns and uncertainty over AI disruption. The fund remains focused on critical AI bottlenecks, including compute, memory, manufacturing, networking, and power, while retaining selected businesses that may use AI to strengthen their competitive positions. You can check the fund's top five holdings to learn more about its leading investment ideas for the year.
In its second-quarter 2026 investor letter, Sands Capital Technology Innovators Fund highlighted Intel Corporation (NASDAQ:INTC) as anew holding. Intel Corporation (NASDAQ:INTC) designs, develops, manufactures, markets, sells, and services computing and related end products and services. On August 7, 2026, Intel Corporation (NASDAQ:INTC) closed at $101.65 per share. One-month return of Intel Corporation (NASDAQ:INTC) was -1.43% and its shares gained 392.25% over the past 52 weeks. Intel Corporation (NASDAQ:INTC) has a market capitalization of $512.72 billion.
Sands Capital Technology Innovators Fund stated the following regarding Intel Corporation (NASDAQ:INTC) in its Q2 2026 investor letter:
"Advanced Micro Devices, Arm Holdings, and Intel Corporation (NASDAQ:INTC) increased the portfolio's exposure to rising CPU demand driven by agentic AI. While GPUs remain central to training and token generation, CPUs are increasingly important for scheduling, memory management, tool execution, and the orchestration of agentic workflows. As AI workloads evolve toward inference, agentic workflows, and more complex data center architectures, we believe the need to coordinate, feed, and manage accelerated compute could drive stronger CPU demand than investors previously expected. AMD and Arm provide exposure to supplier diversity, open standards, and more efficient compute architectures, while Intel adds exposure to server CPUs and potential foundry optionality as customers seek additional sources of advanced manufacturing supply. While execution risk remains meaningful, particularly for Intel, we believe these businesses provide differentiate

Sands Capital, an investment management company, released its "Sands Capital Technology Innovators Fund" Q2 2026 investor letter. A copy of the letter can be downloaded here. In the quarter, global equities rebounded sharply, with the MSCI ACWI posting its strongest quarterly gain since 2020, supported by broad market strength, easing geopolitical tensions, and continued enthusiasm for AI infrastructure. Information technology led the advance, with semiconductor and hardware companies accounting for most of the index's rise. The fund returned 26.9% (net) in the second quarter of 2026. The portfolio benefited from strong gains across memory, software infrastructure, cybersecurity, and other AI-related holdings, although its concentrated exposure to mega-cap chip designers and manufacturers weighed on relative performance as leadership broadened into CPUs, networking, and memory. Vertical software, internet, and financial holdings were modest detractors amid macro concerns and uncertainty over AI disruption. The fund remains focused on critical AI bottlenecks, including compute, memory, manufacturing, networking, and power, while retaining selected businesses that may use AI to strengthen their competitive positions. You can check the fund's top five holdings to learn more about its leading investment ideas for the year.
In its second-quarter 2026 investor letter, Sands Capital Technology Innovators Fund highlighted Datadog, Inc. (NASDAQ:DDOG). Datadog, Inc. (NASDAQ:DDOG) operates an observability and security platform for cloud applications in the United States and internationally. On August 7, 2026, Datadog, Inc. (NASDAQ:DDOG) closed at $233.93 per share. One-month return of Datadog, Inc. (NASDAQ:DDOG) was -4.29% and its shares gained 93.33% over the past 52 weeks. Datadog, Inc. (NASDAQ:DDOG) has a market capitalization of $89.44 billion.
Sands Capital Technology Innovators Fund stated the following regarding Datadog, Inc. (NASDAQ:DDOG) in its Q2 2026 investor letter:
"Datadog, Inc. (NASDAQ:DDOG) is a cloud-native observability and security software company that helps organizations monitor infrastructure, applications, logs, and cybersecurity across increasingly complex technology environments. Our latest engagement with the company focused on its proposal to reincorporate from Delaware to Nevada and the potential implications for shareholder rights, board oversight, and long-term governance. Reincorporation proposals can have meaningful implications for the legal framework governing a company's directors, officers, and shareholders. Because corporate law varies by state, a change in domicile may affect litigation standards, fiduciary duties, shareholder rights, and the balance between management protections and investor oversight. We expect more companies to submit proposals to reincorporate. As long-term shareholders, we generally engage with companies considering these proposals to better understand their rationale, evaluate whether shareho

Sands Capital, an investment management company, released its "Sands Capital Technology Innovators Fund" Q2 2026 investor letter. A copy of the letter can be downloaded here. In the quarter, global equities rebounded sharply, with the MSCI ACWI posting its strongest quarterly gain since 2020, supported by broad market strength, easing geopolitical tensions, and continued enthusiasm for AI infrastructure. Information technology led the advance, with semiconductor and hardware companies accounting for most of the index's rise. The fund returned 26.9% (net) in the second quarter of 2026. The portfolio benefited from strong gains across memory, software infrastructure, cybersecurity, and other AI-related holdings, although its concentrated exposure to mega-cap chip designers and manufacturers weighed on relative performance as leadership broadened into CPUs, networking, and memory. Vertical software, internet, and financial holdings were modest detractors amid macro concerns and uncertainty over AI disruption. The fund remains focused on critical AI bottlenecks, including compute, memory, manufacturing, networking, and power, while retaining selected businesses that may use AI to strengthen their competitive positions. You can check the fund's top five holdings to learn more about its leading investment ideas for the year.
In its second-quarter 2026 investor letter, Sands Capital Technology Innovators Fund highlighted Roblox Corporation (NYSE:RBLX). Roblox Corporation (NYSE:RBLX), an online gaming and virtual experience platform, supported by AI-driven innovation and infrastructure advantages, detracted from the performance this quarter. On August 7, 2026, Roblox Corporation (NYSE:RBLX) closed at $37.79 per share. The one-month return of Roblox Corporation (NYSE:RBLX) was -32.87% and its shares lost 72.42% over the past 52 weeks. Roblox Corporation (NYSE:RBLX) has a market capitalization of $27 billion.
Sands Capital Technology Innovators Fund stated the following regarding Roblox Corporation (NYSE:RBLX) in its Q2 2026 investor letter:
"Roblox Corporation (NYSE:RBLX) shares declined, reflecting more difficult user engagement comparisons and increased investment in safety features that pressured margins. We sold the business during the quarter. Roblox has strengthened its position as a platform since our initial investment, with engagement and monetization broadening beyond a small number of viral hit games. That progress drove a meaningful improvement in revenue growth and profitability. However, the stock has become more vulnerable to difficult comparisons following a surge in engagement, while incremental safety investments may weigh on near-term usage and monetization. Although we continue to see long-term potential in the business, we exited the position because the near-term setup had become less attractive relative to other opportunities."

#sands

Sands Capital, an investment management company, released its "Sands Capital Technology Innovators Fund" Q2 2026 investor letter. A copy of the letter can be downloaded here. In the quarter, global equities rebounded sharply, with the MSCI ACWI posting its strongest quarterly gain since 2020, supported by broad market strength, easing geopolitical tensions, and continued enthusiasm for AI infrastructure. Information technology led the advance, with semiconductor and hardware companies accounting for most of the index's rise. The fund returned 26.9% (net) in the second quarter of 2026. The portfolio benefited from strong gains across memory, software infrastructure, cybersecurity, and other AI-related holdings, although its concentrated exposure to mega-cap chip designers and manufacturers weighed on relative performance as leadership broadened into CPUs, networking, and memory. Vertical software, internet, and financial holdings were modest detractors amid macro concerns and uncertainty over AI disruption. The fund remains focused on critical AI bottlenecks, including compute, memory, manufacturing, networking, and power, while retaining selected businesses that may use AI to strengthen their competitive positions. You can check the fund's top five holdings to learn more about its leading investment ideas for the year.
In its second-quarter 2026 investor letter, Sands Capital Technology Innovators Fund highlighted TTM Technologies, Inc. (NASDAQ:TTMI) as a new addition. TTM Technologies, Inc. (NASDAQ:TTMI) manufactures and sells mission systems, radio frequency (RF) components, RF microwave/microelectronic ******* emblies, and printed circuit boards (PCBs) and substrates in the United States and internationally. On August 7, 2026, TTM Technologies, Inc. (NASDAQ:TTMI) closed at $137.21 per share. One-month return of TTM Technologies, Inc. (NASDAQ:TTMI) was -0.64% and its shares gained 207.58% over the past 52 weeks. TTM Technologies, Inc. (NASDAQ:TTMI) has a market capitalization of $14.45 billion.
Sands Capital Technology Innovators Fund stated the following regarding TTM Technologies, Inc. (NASDAQ:TTMI) in its Q2 2026 investor letter:
"TTM Technologies, Inc. (NASDAQ:TTMI) is a leading Western manufacturer of highly complex printed circuit boards (PCBs) and integrated electronic subsystems. We believe the company is positioned at the intersection of AI data center growth and defense modernization. TTM is 75 percent sole sourced in U.S. aerospace and defense projects due to lack of domestic competitors and is already booking revenue from Golden Dome. As AI infrastructure evolves to support advanced accelerators, networking equipment, and custom compute architectures, boards require more layers, higher performance, and greater manufacturing precision, creating meaningful pricing uplift versus commoditized PCBs. We believe TTM's exposure to AI accelerator boards, networking, and defense demand can support durable earnings growth and improving qual

Sands Capital, an investment management company, released its "Sands Capital Technology Innovators Fund" Q2 2026 investor letter. A copy of the letter can be downloaded here. In the quarter, global equities rebounded sharply, with the MSCI ACWI posting its strongest quarterly gain since 2020, supported by broad market strength, easing geopolitical tensions, and continued enthusiasm for AI infrastructure. Information technology led the advance, with semiconductor and hardware companies accounting for most of the index's rise. The fund returned 26.9% (net) in the second quarter of 2026. The portfolio benefited from strong gains across memory, software infrastructure, cybersecurity, and other AI-related holdings, although its concentrated exposure to mega-cap chip designers and manufacturers weighed on relative performance as leadership broadened into CPUs, networking, and memory. Vertical software, internet, and financial holdings were modest detractors amid macro concerns and uncertainty over AI disruption. The fund remains focused on critical AI bottlenecks, including compute, memory, manufacturing, networking, and power, while retaining selected businesses that may use AI to strengthen their competitive positions. You can check the fund's top five holdings to learn more about its leading investment ideas for the year.
In its second-quarter 2026 investor letter, Sands Capital Technology Innovators Fund highlighted Advanced Micro Devices, Inc. (NASDAQ:AMD) as a newly added position. Advanced Micro Devices, Inc. (NASDAQ:AMD) is a leading semiconductor company that designs and manufactures AI accelerators, microprocessors, and graphics processing units, which contributed to the fund's performance in the quarter. On August 7, 2026, Advanced Micro Devices, Inc. (NASDAQ:AMD) closed at $483.36 per share. One-month return of Advanced Micro Devices, Inc. (NASDAQ:AMD) was -14.80% and its shares gained 178.94% over the past 52 weeks. Advanced Micro Devices, Inc. (NASDAQ:AMD) has a market capitalization of about $789.07 billion.
Sands Capital Technology Innovators Fund stated the following regarding Advanced Micro Devices, Inc. (NASDAQ:AMD) in its Q2 2026 investor letter:
"Advanced Micro Devices, Inc. (NASDAQ:AMD), Arm Holdings, and Intel increased the portfolio's exposure to rising CPU demand driven by agentic AI. While GPUs remain central to training and token generation, CPUs are increasingly important for scheduling, memory management, tool execution, and the orchestration of agentic workflows. As AI workloads evolve toward inference, agentic workflows, and more complex data center architectures, we believe the need to coordinate, feed, and manage accelerated compute could drive stronger CPU demand than investors previously expected. AMD and Arm provide exposure to supplier diversity, open standards, and more efficient compute architectures, while Intel adds exposure to server CPUs and potential foundry optionality as customers seek additional sources

Sands Capital, an investment management company, released its "Sands Capital Technology Innovators Fund" Q2 2026 investor letter. A copy of the letter can be downloaded here. In the quarter, global equities rebounded sharply, with the MSCI ACWI posting its strongest quarterly gain since 2020, supported by broad market strength, easing geopolitical tensions, and continued enthusiasm for AI infrastructure. Information technology led the advance, with semiconductor and hardware companies accounting for most of the index's rise. The fund returned 26.9% (net) in the second quarter of 2026. The portfolio benefited from strong gains across memory, software infrastructure, cybersecurity, and other AI-related holdings, although its concentrated exposure to mega-cap chip designers and manufacturers weighed on relative performance as leadership broadened into CPUs, networking, and memory. Vertical software, internet, and financial holdings were modest detractors amid macro concerns and uncertainty over AI disruption. The fund remains focused on critical AI bottlenecks, including compute, memory, manufacturing, networking, and power, while retaining selected businesses that may use AI to strengthen their competitive positions. You can check the fund's top five holdings to learn more about its leading investment ideas for the year.
In its second-quarter 2026 investor letter, Sands Capital Technology Innovators Fund highlighted Samsara Inc. (NYSE:IOT). Samsara Inc. (NYSE:IOT), which provides solutions to connect physical operations data to its connected operations platform, detracted from the fund's performance during the quarter. On August 7, 2026, Samsara Inc. (NYSE:IOT) closed at $40.88 per share. One-month return of Samsara Inc. (NYSE:IOT) was 11.00% and its shares gained 25.78% over the past 52 weeks. Samsara Inc. (NYSE:IOT) has a market capitalization of $23.89 billion.
Sands Capital Technology Innovators Fund stated the following regarding Samsara Inc. (NYSE:IOT) in its Q2 2026 investor letter:
"Samsara Inc. (NYSE:IOT) is a leading developer of connected hardware and software for industrial operations. Shares declined despite strong first-quarter results, as broader multiple compression across select vertical software peers outweighed continued evidence of strong execution. Revenue growth remained steady at approximately 30 percent, while the company delivered roughly 500 basis points of margin leverage, reflecting improving scale and operating discipline. Samsara continues to benefit from a powerful data network effect: as more customers and connected ***** ets join the platform, Samsara captures more proprietary operational data, which improves its products, strengthens customer outcomes, and creates new monetization opportunities. This flywheel is supporting success across an expanding product portfolio and should be reinforced by upcoming product announcements and disclosures. With the stock trading near multiyear lows on forward revenue despite

Sands Capital, an investment management company, released its "Sands Capital Technology Innovators Fund" Q2 2026 investor letter. A copy of the letter can be downloaded here. In the quarter, global equities rebounded sharply, with the MSCI ACWI posting its strongest quarterly gain since 2020, supported by broad market strength, easing geopolitical tensions, and continued enthusiasm for AI infrastructure. Information technology led the advance, with semiconductor and hardware companies accounting for most of the index's rise. The fund returned 26.9% (net) in the second quarter of 2026. The portfolio benefited from strong gains across memory, software infrastructure, cybersecurity, and other AI-related holdings, although its concentrated exposure to mega-cap chip designers and manufacturers weighed on relative performance as leadership broadened into CPUs, networking, and memory. Vertical software, internet, and financial holdings were modest detractors amid macro concerns and uncertainty over AI disruption. The fund remains focused on critical AI bottlenecks, including compute, memory, manufacturing, networking, and power, while retaining selected businesses that may use AI to strengthen their competitive positions. You can check the fund's top five holdings to learn more about its leading investment ideas for the year.
In its second-quarter 2026 investor letter, Sands Capital Technology Innovators Fund highlighted Klaviyo, Inc. (NYSE:KVYO). Klaviyo, Inc. (NYSE:KVYO), a cloud-based software-as-a-service marketing platform, detracted from the Fund's performance during the quarter. On August 7, 2026, Klaviyo, Inc. (NYSE:KVYO) closed at $16.62 per share. The one-month return of Klaviyo, Inc. (NYSE:KVYO) was -4.81%, and its shares lost 44.73% over the past 52 weeks. Klaviyo, Inc. (NYSE:KVYO) has a market capitalization of $4.73 billion.
Sands Capital Technology Innovators Fund stated the following regarding Klaviyo, Inc. (NYSE:KVYO) in its Q2 2026 investor letter:
"Klaviyo, Inc. (NYSE:KVYO) is an innovative provider of business-to-consumer (B2C) marketing technology. While the company delivered a headline beat and raise, expectations had moved higher into the print after a sharp rebound from April lows, and investors focused on a smaller revenue beat and a slightly lower second-quarter margin guide. The reaction also reflected broader pressure on software stocks, where investor sentiment remains fragile and near-term execution concerns have weighed on valuation multiples. In our view, the selloff was disproportionate to the underlying business performance. Klaviyo continues to deliver strong revenue growth, has limited exposure to seat-based revenue disruption, and should continue to expand margins over time. We maintain conviction, supported by Klaviyo's opportunity to extend share gains, expand internationally and outside of ecommerce, and cross-sell its text-messaging and customer service platforms."

#klaviyo #quarter #innovators #investor

The world's largest martial arts organization will bring the global fan base another massive tripleheader this weekend, and The Inner Circle 26 kicks off the extraordinary combat sports slate on Friday, August 14.
Streaming exclusively on live.onefc.com from Bangkok's iconic Lumpinee Stadium, The Inner Circle 26 is loaded with five exhilarating Muay Thai bouts that feature compelling storylines and a new generation of hungry fighters who are chasing the opportunity of a lifetime.
With that in mind, here are three reasons why The Inner Circle 26 is the perfect way to start the weekend.
Two surging strawweight Muay Thai contenders will collide in the main event, where only one winning streak can survive the night.
Wanchainoi Pongsuphan PK enters the ring in peak form, proving that his transition from military service and pop stardom was a masterstroke. The 26-year-old Nakhon Phanom native owns 101 career victories and holds an undefeated 3-0 record in ONE Championship.

#Friday #lumpinee #stadium

Sands Capital, an investment management company, released its "Sands Capital Technology Innovators Fund" Q2 2026 investor letter. A copy of the letter can be downloaded here. In the quarter, global equities rebounded sharply, with the MSCI ACWI posting its strongest quarterly gain since 2020, supported by broad market strength, easing geopolitical tensions, and continued enthusiasm for AI infrastructure. Information technology led the advance, with semiconductor and hardware companies accounting for most of the index's rise. The fund returned 26.9% (net) in the second quarter of 2026. The portfolio benefited from strong gains across memory, software infrastructure, cybersecurity, and other AI-related holdings, although its concentrated exposure to mega-cap chip designers and manufacturers weighed on relative performance as leadership broadened into CPUs, networking, and memory. Vertical software, internet, and financial holdings were modest detractors amid macro concerns and uncertainty over AI disruption. The fund remains focused on critical AI bottlenecks, including compute, memory, manufacturing, networking, and power, while retaining selected businesses that may use AI to strengthen their competitive positions. You can check the fund's top five holdings to learn more about its leading investment ideas for the year.
In its second-quarter 2026 investor letter, Sands Capital Technology Innovators Fund highlighted Palo Alto Networks, Inc. (NASDAQ:PANW) as a leading individual contributor. Palo Alto Networks, Inc. (NASDAQ:PANW) provides cybersecurity solutions in the Americas and internationally. On August 7, 2026, Palo Alto Networks, Inc. (NASDAQ:PANW) closed at $363.86 per share. The one-month return of Palo Alto Networks, Inc. (NASDAQ:PANW) was 10.16% and its shares gained 116.36% over the past 52 weeks. Palo Alto Networks, Inc. (NASDAQ:PANW) has a market capitalization of $296.55 billion.
Sands Capital Technology Innovators Fund stated the following regarding Palo Alto Networks, Inc. (NASDAQ:PANW) in its Q2 2026 investor letter:
"Palo Alto Networks, Inc. (NASDAQ:PANW) was a contributor during the quarter, supported by strong results and continued investor confidence in cybersecurity demand. Fiscal third-quarter results showed demand remains robust, as rapid AI adoption expands enterprise attack surfaces and increases the need for scaled cybersecurity platforms that can provide visibility, control, and protection against more sophisticated threats. Management also noted an improving demand pipeline following Palo Alto Networks' inclusion as a launch partner in Project Glasswing, Anthropic's initiative to use the Claude Mythos model to help defenders secure critical software for the AI era. In our view, these developments reinforce Palo Alto Networks' position as a critical enabling platform for secure AI adoption. The company is well positioned to benefit from this demand environment through its broad product portfolio, scaled customer base,

Sands Capital, an investment management company, released its "Sands Capital Technology Innovators Fund" Q2 2026 investor letter. A copy of the letter can be downloaded here. In the quarter, global equities rebounded sharply, with the MSCI ACWI posting its strongest quarterly gain since 2020, supported by broad market strength, easing geopolitical tensions, and continued enthusiasm for AI infrastructure. Information technology led the advance, with semiconductor and hardware companies accounting for most of the index's rise. The fund returned 26.9% (net) in the second quarter of 2026. The portfolio benefited from strong gains across memory, software infrastructure, cybersecurity, and other AI-related holdings, although its concentrated exposure to mega-cap chip designers and manufacturers weighed on relative performance as leadership broadened into CPUs, networking, and memory. Vertical software, internet, and financial holdings were modest detractors amid macro concerns and uncertainty over AI disruption. The fund remains focused on critical AI bottlenecks, including compute, memory, manufacturing, networking, and power, while retaining selected businesses that may use AI to strengthen their competitive positions. You can check the fund's top five holdings to learn more about its leading investment ideas for the year.
In its second-quarter 2026 investor letter, Sands Capital Technology Innovators Fund highlighted Seagate Technology Holdings plc (NASDAQ:STX) as a notable performance contributor. Seagate Technology Holdings plc (NASDAQ:STX) engages in the provision of data storage technology and infrastructure solutions in Singapore and internationally. On August 7, 2026, Seagate Technology Holdings plc (NASDAQ:STX) closed at $812.76 per share. One-month return of Seagate Technology Holdings plc (NASDAQ:STX) was -5.57% and its shares gained 435.80% over the past 52 weeks. Seagate Technology Holdings plc (NASDAQ:STX) has a market capitalization of $184.21 billion with a 52-week trading range between $144.75 and $1,145.00.
Sands Capital Technology Innovators Fund stated the following regarding Seagate Technology Holdings plc (NASDAQ:STX) in its Q2 2026 investor letter:
"Seagate Technology Holdings plc (NASDAQ:STX) is a global leader in mass-capacity data storage. Shares advanced as improving supply demand conditions continued to support stronger pricing expectations for hard disk drives. The company reported strong first-quarter results, with revenue rising 44 percent year over year and non-GAAP gross margin reaching a record 47 percent. Demand for storage capacity is improving as AI-related workloads require greater data retention and retrieval, while industry supply remains constrained. Management now expects pricing to grow at a multiyear mid-teens rate, following 12 percent yearover-year pricing growth in the quarter. We believe this combination of rising demand, limited supply response, and improving pricing discipline will support durable e

Sands Capital, an investment management company, released its "Sands Capital Technology Innovators Fund" Q2 2026 investor letter. A copy of the letter can be downloaded here. In the quarter, global equities rebounded sharply, with the MSCI ACWI posting its strongest quarterly gain since 2020, supported by broad market strength, easing geopolitical tensions, and continued enthusiasm for AI infrastructure. Information technology led the advance, with semiconductor and hardware companies accounting for most of the index's rise. The fund returned 26.9% (net) in the second quarter of 2026. The portfolio benefited from strong gains across memory, software infrastructure, cybersecurity, and other AI-related holdings, although its concentrated exposure to mega-cap chip designers and manufacturers weighed on relative performance as leadership broadened into CPUs, networking, and memory. Vertical software, internet, and financial holdings were modest detractors amid macro concerns and uncertainty over AI disruption. The fund remains focused on critical AI bottlenecks, including compute, memory, manufacturing, networking, and power, while retaining selected businesses that may use AI to strengthen their competitive positions. You can check the fund's top five holdings to learn more about its leading investment ideas for the year.
In its second-quarter 2026 investor letter, Sands Capital Technology Innovators Fund highlighted Nu Holdings Ltd. (NYSE:NU). Nu Holdings Ltd. (NYSE:NU) is a leading digital banking platform, which detracted from the fund's performance this quarter. On August 7, 2026, Nu Holdings Ltd. (NYSE:NU) closed at $13.84 per share, reflecting a market capitalization of $66.85 billion. Nu Holdings Ltd. (NYSE:NU) posted a one-month return of 1.24%, while its shares gained 16.11% over the past 52 weeks.
Sands Capital Technology Innovators Fund stated the following regarding Nu Holdings Ltd. (NYSE:NU) in its Q2 2026 investor letter:
"Nu Holdings Ltd. (NYSE:NU) operates Nubank, a digital financial services platform serving more than 100 million customers in Latin America. First-quarter 2026 revenue growth was in line with expectations, but higher-than-expected provisions weighed on gross profit and raised investor concerns about household debt and credit quality. We are less concerned, as Brazil's low unemployment and real wage growth are more relevant, in our view, to future credit losses than household debt service ratios. We also believe Brazilian Central Bank data may overstate loan delinquencies because of an accounting change that affects how long banks can keep nonperforming loans on their books before recognizing a write-off. Importantly, after a detailed inspection of the bank's balance sheet and interaction with the management, we feel comfortable about Nu's prospects of generating healthy risk-adjusted net interest income in the coming quarters. ****** et quality concerns may take time to resolve, but Nu continues to execute against

Sands Capital, an investment management company, released its "Sands Capital Technology Innovators Fund" Q2 2026 investor letter. A copy of the letter can be downloaded here. In the quarter, global equities rebounded sharply, with the MSCI ACWI posting its strongest quarterly gain since 2020, supported by broad market strength, easing geopolitical tensions, and continued enthusiasm for AI infrastructure. Information technology led the advance, with semiconductor and hardware companies accounting for most of the index's rise. The fund returned 26.9% (net) in the second quarter of 2026. The portfolio benefited from strong gains across memory, software infrastructure, cybersecurity, and other AI-related holdings, although its concentrated exposure to mega-cap chip designers and manufacturers weighed on relative performance as leadership broadened into CPUs, networking, and memory. Vertical software, internet, and financial holdings were modest detractors amid macro concerns and uncertainty over AI disruption. The fund remains focused on critical AI bottlenecks, including compute, memory, manufacturing, networking, and power, while retaining selected businesses that may use AI to strengthen their competitive positions. You can check the fund's top five holdings to learn more about its leading investment ideas for the year.
In its second-quarter 2026 investor letter, Sands Capital Technology Innovators Fund highlighted Sandisk Corporation (NASDAQ:SNDK) as a newly added position. Sandisk Corporation (NASDAQ:SNDK) develops, manufactures, and sells data storage devices and solutions using NAND flash technology in the United States and internationally. On August 7, 2026, Sandisk Corporation (NASDAQ:SNDK) closed at $1,212.21 per share. The one-month return of Sandisk Corporation (NASDAQ:SNDK) was -27.58%, and its shares gained 2,695.04% over the past 52 weeks. Sandisk Corporation (NASDAQ:SNDK) has a market capitalization of $176.98 billion.
Sands Capital Technology Innovators Fund stated the following regarding Sandisk Corporation (NASDAQ:SNDK) in its Q2 2026 investor letter:
"Sandisk Corporation (NASDAQ:SNDK) is a U.S.-based provider of flash memory and storage technologies. As agentic AI systems handle more complex tasks with less human direction, they need to access, process, and retain larger amounts of context, subscription pricing power. However, we believe AIenabled short-form video could become an increasingly strong competitor for consumer engagement over time, creating greater uncertainty around Netflix's terminal value."

#NASDAQ #fund #sands

Sands Capital, an investment management company, released its "Sands Capital Technology Innovators Fund" Q2 2026 investor letter. A copy of the letter can be downloaded here. In the quarter, global equities rebounded sharply, with the MSCI ACWI posting its strongest quarterly gain since 2020, supported by broad market strength, easing geopolitical tensions, and continued enthusiasm for AI infrastructure. Information technology led the advance, with semiconductor and hardware companies accounting for most of the index's rise. The fund returned 26.9% (net) in the second quarter of 2026. The portfolio benefited from strong gains across memory, software infrastructure, cybersecurity, and other AI-related holdings, although its concentrated exposure to mega-cap chip designers and manufacturers weighed on relative performance as leadership broadened into CPUs, networking, and memory. Vertical software, internet, and financial holdings were modest detractors amid macro concerns and uncertainty over AI disruption. The fund remains focused on critical AI bottlenecks, including compute, memory, manufacturing, networking, and power, while retaining selected businesses that may use AI to strengthen their competitive positions. You can check the fund's top five holdings to learn more about its leading investment ideas for the year.
In its second-quarter 2026 investor letter, Sands Capital Technology Innovators Fund highlighted Palantir Technologies Inc. (NASDAQ:PLTR). Palantir Technologies Inc. (NASDAQ:PLTR), which builds and deploys software platforms for the intelligence community to ***** ist in counterterrorism investigations and operations, detracted from the performance this quarter. On August 7, 2026, Palantir Technologies Inc. (NASDAQ:PLTR) closed at $172.01 per share. One-month return of Palantir Technologies Inc. (NASDAQ:PLTR) was 32.27% and its shares lost 5.84% over the past 52 weeks. Palantir Technologies Inc. (NASDAQ:PLTR) has a market capitalization of $413.36 billion.
Sands Capital Technology Innovators Fund stated the following regarding Palantir Technologies Inc. (NASDAQ:PLTR) in its Q2 2026 investor letter:
"Palantir Technologies Inc. (NASDAQ:PLTR) is a data intelligence and operational AI platform that helps governments and enterprises solve complex challenges by integrating and ***** yzing data across functions. Our holding was a detractor during the quarter, as shares declined despite reporting very strong first-quarter results. Revenue growth accelerated meaningfully, the company delivered a record guidance raise, and profitability continued to improve, with strong incremental margins and continued GAAP earnings growth. In our view, the stock reaction reflected elevated expectations and ongoing investor debate around valuation and competition from AI labs, rather than deterioration in the underlying business. We believe Palantir is increasingly proving itself as a clear winner in artificial intelligence, with its platform tied to dur

Brown Advisory, an investment management company, released its "Brown Advisory Global Leaders Strategy" for the second quarter of 2026 investor letter. A copy of the letter can be downloaded here. Brown Advisory's Global Leaders Strategy delivered a net return of 4.6% in the second quarter of 2026, underperforming its benchmark, the MSCI ACWI Net Index, which returned 14.9%. The relative weakness was driven mainly by underexposure to semiconductors and technology hardware, while software, cloud services, and financial holdings also weighed on performance. The strategy benefited from holdings in areas tied to AI infrastructure, with semiconductor exposure and AI-related investments gaining from strong demand. Looking ahead, Brown Advisory sees an attractive environment for active stock-picking, with its ready-to-buy list at its highest level since the COVID-19 period and an estimated 12%-13% average five-year base-case IRR, while maintaining a focus on quality, valuation discipline, and long-term cash-flow generation. In addition, please check the Fund's top five holdings to know its best picks in 2026.
In its second-quarter 2026 investor letter, Brown Advisory Global Leaders Strategy Fund highlighted stocks like Workday, Inc. (NASDAQ:WDAY). Workday, Inc. (NASDAQ:WDAY) provides cloud-based enterprise software for human resources, finance, and workforce management. The one-month return of Workday, Inc. (NASDAQ:WDAY) was 24.00% while its shares traded between $110.36 and $249.85 over the last 52 weeks. On August 7, 2026, Workday, Inc. (NASDAQ:WDAY) stock closed at approximately $170.24 per share, with a market capitalization of about $44.37 billion.
Brown Advisory Global Leaders Strategy Fund stated the following regarding Workday, Inc. (NASDAQ:WDAY) in its Q2 2026 investor letter:
We exited our position in Workday, Inc. (NASDAQ:WDAY) during May after a relatively brief holding period of approximately eight months. Several fundamental factors have changed since our initial investment in September of last year, prompting us to revise both our growth and margin estimates for Workday. These revisions have led us to conclude that we can no longer achieve the IRR targets embedded in our base case. Most crucially—and the ultimate trigger for a thesis break in this case—were the recent changes in the management team. When the CEO stepped down and co-founder Aneel Bhusri was re-appointed, we expected, and already see, a change in capital allocation discipline at Workday, as evidenced by the immediate moderation of the company's margin targets. This, paired with the expected reduced discipline around stock-based compensation, materially impacted key inputs into our investment thesis. Our view on the inherent customer acquisition cost advantages that incumbents possess remains unchanged, as does our belief that "systems of record" in software are particularly resistant to disruption by AI. We did, however, adjust our estimates to reflect the expected need