Turtle Creek Asset Management, an investment management company, recently published its Q1 2026 report. A copy is available to download here. Turtle Creek Asset 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 Asset Management highlighted ATS Corporation (NYSE:ATS). ATS Corporation (NYSE:ATS) is a leading automation and industrial technology company that engages in designing, building, commissioning, and servicing of automated manufacturing and assembly systems. On June 17, 2026, ATS Corporation (NYSE:ATS) closed at $28.32 per share. One-month return of ATS Corporation (NYSE:ATS) was -14.16%, and its shares lost 7.87% over the past 52 weeks. ATS Corporation (NYSE:ATS) has a market capitalization of $2.74 billion.
Turtle Creek Asset Management stated the following regarding ATS Corporation (NYSE:ATS) in its Q1 2026 investor letter:
“ATS Corporation (NYSE:ATS), which engineers automated manufacturing solutions, welcomed a new CEO during the quarter. In mid-2025, the previous CEO was recruited to a much larger company in an unrelated industry with a commensurately larger pay package. He did a terrific job in his eight years at ATS and we knew there was always a risk of him being ‘headhunted’. The board did an excellent job hiring him eight years ago and they believe they have done it again with the new CEO. It’s early days, but in our initial interactions we have been impressed.”
ATS Corporation (NYSE:ATS) is not on our list of 40 Most Popular Stocks Among Hedge Funds Heading Into 2026. According to our database, 14 hedge fund portfolios held ATS Corporation (NYSE:ATS) at the end of the first quarter, up from 9 in the previous quarter. While we acknowledge the risk and potential of ATS Corporation (NYSE:ATS) 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 ATS CORPORATION (NYSE:ATS) and that has 10,000% upside potential, check out our report about this cheapest AI stock.
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.
