Jackson Peak Capital, an investment management firm, released its first-quarter 2026 investor letter. Jackson Peak Capital employs a concentrated long/short equity approach to deliver strong absolute returns across various market conditions. A copy of the letter is available to download here. In Q1 2026, Jackson Peak returned -21.0%, net, in a challenging environment. The underperformance in Q1 was driven by an increase in tech exposure, adverse movements in certain positions, and the lack of expected catalysts. The ACWI returned -2.2%, and the HFRX Equity Hedge Index returned -1.5% during the same time. The firm expects a strong Q2 start as AI acceleration and easing geopolitical tensions favor positions. At Q1’s end, net exposure was 36%, up from 25% from Q4's end, with confidence in AI infrastructure, energy, compute, data center buildout, and event-driven positions. In addition, please check the fund’s top five holdings to know its best picks in 2026.
In its first-quarter 2026 investor letter, Jackson Peak Capital highlighted stocks like Core Scientific, Inc. (NASDAQ:CORZ). Core Scientific, Inc. (NASDAQ:CORZ) is a leading US-based infrastructure provider for high-density colocation services and digital ****** et mining. On June 1, 2026, Core Scientific, Inc. (NASDAQ:CORZ) closed at $28.55 per share. One-month return of Core Scientific, Inc. (NASDAQ:CORZ) was 28.66%, and its shares gained 141.95% over the past 52 weeks. Core Scientific, Inc. (NASDAQ:CORZ) has a market capitalization of $9.08 billion.
Jackson Peak Capital stated the following regarding Core Scientific, Inc. (NASDAQ:CORZ) in its Q1 2026 investor letter:
"A position worth highlighting this quarter is Core Scientific, Inc. (NASDAQ:CORZ). We re-engaged with CORZ during Q1 after exiting in Q4, as the stock retraced to attractive levels just as we were looking to add to the AI infrastructure theme on the developments above. Specifically, CORZ is a beneficiary of the compute shortage as it has valuable data center co-location capacity, which is structurally short of supply heading into the remainder of 2026 as the leading AI labs and hyperscalers all look for power and shovel-ready sites.
CORZ is one of the few public companies with shovel-ready capacity at scale. It is a high-performance computing (HPC) colocation provider that pivoted from crypto mining to AI infrastructure, and the foundation of the business today is its ~590 MW contract with CoreWeave under 12-year hosting agreements, representing over $10 billion in total contracted revenue. Beyond the CoreWeave contract, CORZ has approximately 1.5 GW of total leasable power in the pipeline. Management has stated that they are in active dialogue with multiple parties and that colocation leasing agreements are expected in the near future.
In its first-quarter 2026 investor letter, Jackson Peak Capital highlighted stocks like Core Scientific, Inc. (NASDAQ:CORZ). Core Scientific, Inc. (NASDAQ:CORZ) is a leading US-based infrastructure provider for high-density colocation services and digital ****** et mining. On June 1, 2026, Core Scientific, Inc. (NASDAQ:CORZ) closed at $28.55 per share. One-month return of Core Scientific, Inc. (NASDAQ:CORZ) was 28.66%, and its shares gained 141.95% over the past 52 weeks. Core Scientific, Inc. (NASDAQ:CORZ) has a market capitalization of $9.08 billion.
Jackson Peak Capital stated the following regarding Core Scientific, Inc. (NASDAQ:CORZ) in its Q1 2026 investor letter:
"A position worth highlighting this quarter is Core Scientific, Inc. (NASDAQ:CORZ). We re-engaged with CORZ during Q1 after exiting in Q4, as the stock retraced to attractive levels just as we were looking to add to the AI infrastructure theme on the developments above. Specifically, CORZ is a beneficiary of the compute shortage as it has valuable data center co-location capacity, which is structurally short of supply heading into the remainder of 2026 as the leading AI labs and hyperscalers all look for power and shovel-ready sites.
CORZ is one of the few public companies with shovel-ready capacity at scale. It is a high-performance computing (HPC) colocation provider that pivoted from crypto mining to AI infrastructure, and the foundation of the business today is its ~590 MW contract with CoreWeave under 12-year hosting agreements, representing over $10 billion in total contracted revenue. Beyond the CoreWeave contract, CORZ has approximately 1.5 GW of total leasable power in the pipeline. Management has stated that they are in active dialogue with multiple parties and that colocation leasing agreements are expected in the near future.
20 hours ago
