Buckley Capital Advisors, an investment management company, released its first quarter 2026 investor letter. A copy of the letter can be downloaded here. The first quarter of 2026 presented some difficulties for small and mid-cap equities. However, the Fund observed a notable performance improvement in April, with the portfolio rising approximately 13.8% net month-to-date and 8.6% net year-to-date, showcasing robust underlying performance in several of its core positions as fundamentals started to take hold. This strong performance trend has continued into May. This letter reflects the firm’s strategy of investing in high-quality companies trading at significantly discounted valuations. In addition, please check the firm’s top five holdings to know its best picks in 2026.
In its first-quarter 2026 investor letter, Buckley Capital highlighted stocks like Acadia Healthcare Company, Inc. (NASDAQ:ACHC). Acadia Healthcare Company, Inc. (NASDAQ:ACHC) is a US-based behavioral health services provider that owns and operates psychiatric hospitals, specialty treatment facilities, residential treatment centers, and outpatient clinics. On May 29, 2026, Acadia Healthcare Company, Inc. (NASDAQ:ACHC) closed at $23.20 per share. One-month return of Acadia Healthcare Company, Inc. (NASDAQ:ACHC) was -16.20%, and its shares gained 7.26% over the past 52 weeks. Acadia Healthcare Company, Inc. (NASDAQ:ACHC) has a market capitalization of $2.13 billion.
Buckley Capital stated the following regarding Acadia Healthcare Company, Inc. (NASDAQ:ACHC) in its Q1 2026 investor letter:
“Acadia Healthcare Company, Inc. (NASDAQ:ACHC) has been our largest contributor to our 2026 performance thus far, and at today’s prices, we have been trimming the position. However, we thought it was appropriate to go into more depth given the success of the position. We are highly attracted to special situations where a proven, high-caliber CEO returns to lead a fundamentally strong collection of assets suffering from recent neglect. Debra “Debbie” Osteen’s recent reappointment as CEO of Acadia Healthcare—the leading pure-play behavioral health provider in the United States, with a large network of psychiatric facilities and substance-abuse clinics—provided exactly this catalyst.
Osteen’s 35-year tenure at Universal Health Services (UHS) established her as the premier operator in the behavioral health industry, with a unique ability to scale high-barrier healthcare businesses organically and through complex M&A while maintaining rigorous operational discipline. During her tenure as president of the Behavioral Health division of UHS from 1999 to 2018, growth in its network and profits helped drive a share price increase of ~1,500%…” (Click here to read the full text)
Acadia Healthcare Company, Inc. (NASDAQ:ACHC) is not on our list of 40 Most Popular Stocks Among Hedge Funds Heading Into 2026. According to our database, 58 hedge fund portfolios held Acadia Healthcare Company, Inc. (NASDAQ:ACHC) at the end of the first quarter, up from 44 in the previous quarter. While we acknowledge the risk and potential of Acadia Healthcare Company, Inc. (NASDAQ:ACHC) 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 Acadia Healthcare Company, Inc. (NASDAQ:ACHC) and that has 10,000% upside potential, check out our report about this cheapest AI stock.
In another article, we covered Acadia Healthcare Company, Inc. (NASDAQ:ACHC) and shared the list of best performing healthcare stocks so far in 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.
