Jensen Investment Management, an asset management company based in the US, released its second-quarter 2026 investor letter for the “Jensen Quality Growth Equity Strategy”. A copy of the letter is available to download here. The fund seeks long-term growth by investing in high-quality companies with durable competitive advantages. It returned 10.94% net of fees in Q2 2026, trailing the 15.20% return for the S&P 500 Index. US equities posted their strongest quarter in nearly six years as easing Iran-related tensions, improving financial conditions, resilient consumer spending, and continued AI infrastructure investment lifted markets. AI and memory-related semiconductor stocks led the rally, while lower-quality and momentum stocks outperformed the quality factors central to Jensen’s strategy. Quarterly performance benefited from favorable stock selection in Communication Services and no exposure to Energy and Utilities, while selection in Industrials and Information Technology hurt relative returns. The Portfolio remains balanced across quality compounders, AI beneficiaries, and defensive businesses. In addition, please check the Fund’s top five holdings to know its best picks in 2026.
In its second-quarter 2026 investor letter, Jensen Quality Growth Equity Strategy highlighted Amphenol Corporation (NYSE:APH). Amphenol Corporation (NYSE:APH) designs, manufactures, and markets electrical, electronic, and fiber optic connectors. On July 24, 2026, Amphenol Corporation (NYSE:APH) closed at $152.67 per share. One-month return of Amphenol Corporation (NYSE:APH) was -8.26% and its shares gained 43.08% over the past 52 weeks. Amphenol Corporation (NYSE:APH) has a market capitalization of $187.86 billion, with a 52-week trading range between $102.76 – $178.52.
Jensen Quality Growth Equity Strategy stated the following regarding Amphenol Corporation (NYSE:APH) in its Q2 2026 investor letter:
“Amphenol Corporation (NYSE:APH) is a designer and manufacturer of interconnect systems, sensors, and fiber-optic and coaxial cables. Founded in 1932 as a developer of radio components, Amphenol employs approximately 125,000 people worldwide and serves aerospace, industrial, automotive, technology hardware, and mobile device markets. Our thesis rests on Amphenol’s strong competitive position in the global interconnect and sensor market, where its products are increasingly critical for high-bandwidth connectivity in AI-based data center applications, and where the company’s manufacturing scale and technology leadership are particularly advantageous in end markets with shorter product cycles and design lead times. Having liquidated our prior position in October 2025 on valuation, an improved growth outlook now allows us to resume a stake in this high-quality growth business at attractive levels. Looking ahead, we expect Amphenol to grow and create business value through end-market strength and technology leadership, supported by secular drivers including AI model development, cloud computing, electric vehicle manufacturing, and industrial automation.”
Amphenol Corporation (NYSE:APH) is on our list of the 40 Most Popular Stocks Among Hedge Funds. As per our database, 112 hedge fund portfolios held Amphenol Corporation (NYSE:APH) at the end of the first quarter which was 103 in the previous quarter. While we acknowledge the risk and potential of Amphenol Corporation (NYSE:APH) as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than Amphenol Corporation (NYSE:APH) and that has 10,000% upside potential, check out our report about this cheapest AI stock.
In another article, we covered Amphenol Corporation (NYSE:APH) and shared Brasada Capital Management’s views on the company. In addition, please check out our hedge fund investor letters Q2 2026 page for more investor letters from hedge funds and other leading investors.
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Disclosure: None. This article is originally published at Insider Monkey.
