WS Amati Global Innovation Fund, managed by a UK-based equity management firm from AMAti Global Investors, released its second quarter 2026 investor letter. A copy of the letter is available to download here. Financial market performance in the second quarter was dominated by geopolitical conflict and enthusiasm for AI. Significant investments across all elements of AI resulted in exceptional growth for related companies, ranging from chip producers to companies constructing data centres. The fund outperformed the MSCI ACWI benchmark due to its diversified exposure beyond headline AI firms, with semiconductor and equipment suppliers being major contributors. At the same time, software and IT services faced investor skepticism due to fears of automation despite long-term potential. The firm is confident in the innovation frontiers to capture long-term growth opportunities in automation, semiconductors, and advanced technologies. In addition, please check the Strategy’s top five holdings to know its best picks in 2026.
In its Q2 2026 investor letter, WS Amati Global Innovation Fund highlighted its new purchase, ATS Corporation (NYSE:ATS). ATS Corporation (NYSE:ATS) is a leading Canada-based advanced automation and industrial technology company. On July 24, 2026, ATS Corporation (NYSE:ATS) closed at $26.42 per share, reflecting a market capitalization of $2.56 billion. ATS Corporation (NYSE:ATS) posted a one-month return of -4.17%, while its shares lost 17.49% over the past 52 weeks.
WS Amati Global Innovation Fund stated the following regarding ATS Corporation (NYSE:ATS) in its Q2 2026 investor update:
“We purchased only one new holding in the quarter, ATS Corporation (NYSE:ATS), a Canadian listed supplier of advanced automation solutions to numerous different market segments, including industrial, life sciences and logistics. After some years of underspending on automation there are a number of notable drivers of demand over the coming years, not least a simple element of pent-up demand. As a material capital outlay, customers must feel confident of making a sufficient return on an investment into automation, and the uncertainties of rising interest rates, rapidly changing trade agreements (tariffs) and even ongoing military conflicts have made this a difficult call. However, the picture on many fronts is improving and the incentive of government assistance in reshoring and recreating local production in critical sectors like defence and technology is driving a return in demand. Even the arrival of more capable AI tools is now a tailwind. The weak recent performance of the equipment sector, combined with the concentration of attention of investors on the AI supernova, has provided us with what we think will be an excellent entry point for ATS. Beyond the improving macro trends and the technological inevitability of greater use of automation, ATS is also exposed to a number of fast growing end markets of particular interest to us from an innovation angle, such as radiopharmaceuticals, nuclear energy revival and expansion, and the expansion of peptide-based medical treatments such as GLP-1s.”
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 another article, we covered ATS Corporation (NYSE:ATS) and shared the list of best industrial automation stocks to buy. 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.
