Turtle Creek ***** et Management, an investment management company, recently published its Q1 2026 report. A copy is available to download here. Turtle Creek ***** et Management's Q1 2026 report covers key market factors currently at play. The escalation of the Iran conflict has pushed oil and gas prices higher, while AI's impact on various sectors, especially enterprise software, continues to grow. The firm increased rebalancing activity in the quarter amid heightened market volatility and the momentum in AI-related trades. In this environment, Turtle Creek Equity Fund returned -4.8% for the quarter. Additionally, you can review the Portfolio's top 5 holdings to see its best picks for 2026.
In its first-quarter 2026 investor letter, Turtle Creek ***** et Management highlighted Ingersoll Rand Inc. (NYSE:IR). Ingersoll Rand Inc. (NYSE:IR) is an industrial machinery company that provides mission-critical air, fluid, clean energy, and medical technologies services and solutions. On June 17, 2026, Ingersoll Rand Inc. (NYSE:IR) closed at $77.07 per share. One-month return of Ingersoll Rand Inc. (NYSE:IR) was 9.66%, and its shares lost 4.60% over the past 52 weeks. Ingersoll Rand Inc. (NYSE:IR) has a market capitalization of $30.16 billion.
Turtle Creek ***** et Management stated the following regarding Ingersoll Rand Inc. (NYSE:IR) in its Q1 2026 investor letter:
"Ingersoll Rand Inc. (NYSE:IR), a global diversified industrial company, reported a book to bill ratio above one for the first full year since 2022, and has now seen positive organic order growth in three of the past four quarters. The company's tone is optimistic looking forward, which is consistent with what we are hearing from our other industrial companies. We have now been in an industrial recession for over three years, one of the longest on record. Recessions don't last forever but the length of this one has surprised us."
Ingersoll Rand Inc. (NYSE:IR) is not on our list of 40 Most Popular Stocks Among Hedge Funds Heading Into 2026. According to our database, 39 hedge fund portfolios held Ingersoll Rand Inc. (NYSE:IR) at the end of the first quarter, up from 37 in the previous quarter. While we acknowledge the potential of Ingersoll Rand Inc. (NYSE:IR) 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.
In its first-quarter 2026 investor letter, Turtle Creek ***** et Management highlighted Ingersoll Rand Inc. (NYSE:IR). Ingersoll Rand Inc. (NYSE:IR) is an industrial machinery company that provides mission-critical air, fluid, clean energy, and medical technologies services and solutions. On June 17, 2026, Ingersoll Rand Inc. (NYSE:IR) closed at $77.07 per share. One-month return of Ingersoll Rand Inc. (NYSE:IR) was 9.66%, and its shares lost 4.60% over the past 52 weeks. Ingersoll Rand Inc. (NYSE:IR) has a market capitalization of $30.16 billion.
Turtle Creek ***** et Management stated the following regarding Ingersoll Rand Inc. (NYSE:IR) in its Q1 2026 investor letter:
"Ingersoll Rand Inc. (NYSE:IR), a global diversified industrial company, reported a book to bill ratio above one for the first full year since 2022, and has now seen positive organic order growth in three of the past four quarters. The company's tone is optimistic looking forward, which is consistent with what we are hearing from our other industrial companies. We have now been in an industrial recession for over three years, one of the longest on record. Recessions don't last forever but the length of this one has surprised us."
Ingersoll Rand Inc. (NYSE:IR) is not on our list of 40 Most Popular Stocks Among Hedge Funds Heading Into 2026. According to our database, 39 hedge fund portfolios held Ingersoll Rand Inc. (NYSE:IR) at the end of the first quarter, up from 37 in the previous quarter. While we acknowledge the potential of Ingersoll Rand Inc. (NYSE:IR) 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.
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