Diamond Hill Capital, a First Eagle Investment Management company, issued its Q1 2026 investor letter for its “Select Strategy”. A copy of the letter can be downloaded here. The Strategy declined 0.52% (net of fees), surpassing the Russell 3000 Index’s 3.96%. The performance was driven by stock selection and overweight exposure in industrials, along with an underweight in information technology. Geopolitical developments and changing expectations regarding artificial intelligence (AI) are impacting market dynamics this quarter. The firm is assessing the heightened uncertainty from the situation in the Middle East while also seeking attractive investment opportunities in large-cap, high-quality, cash-generative, and defensive businesses. In addition, please check the Strategy’s top five holdings to know its best picks in 2026.
In its first-quarter 2026 investor letter, Diamond Hill Select Strategy highlighted Antero Resources Corporation (NYSE:AR) as a leading performance contributor. Headquartered in Denver, Colorado, Antero Resources Corporation (NYSE:AR) is an oil and natural gas development and exploration company. On June 8, 2026, Antero Resources Corporation (NYSE:AR) closed at $35.52 per share. One-month return of Antero Resources Corporation (NYSE:AR) was -2.23%, and its shares gained 7.48% over the past 52 weeks. Antero Resources Corporation (NYSE:AR) has a market capitalization of $11.49 billion.
Diamond Hill Select Strategy stated the following regarding Antero Resources Corporation (NYSE:AR) in its Q1 2026 investor letter:
“Natural gas exploration and production company Antero Resources Corporation (NYSE:AR) benefited from a broad Q1 rally across US exploration and production companies, driven by a sharp rise in oil prices as heightened geopolitical tensions in the Middle East tightened the supply outlook.”
Antero Resources Corporation (NYSE:AR) is not on our list of 40 Most Popular Stocks Among Hedge Funds Heading Into 2026. According to our database, 75 hedge fund portfolios held Antero Resources Corporation (NYSE:AR) at the end of the first quarter, up from 73 in the previous quarter. In Q1 2026, Antero Resources Corporation (NYSE:AR) reported record production of 3.9 Bcfe per day, which was 13% above the year ago period. While we acknowledge the risk and potential of Antero Resources Corporation (NYSE:AR) 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 Antero Resources Corporation (NYSE:AR) and that has 10,000% upside potential, check out our report about this cheapest AI stock.
In another article, we covered Antero Resources Corporation (NYSE:AR) and shared the list of best commodity stocks to buy in 2026. Antero Resources Corporation (NYSE:AR) contributed to the performance of Aristotle Core Equity Fund in Q1 2026. In addition, please check out our hedge fund investor letters Q1 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.
