Antipodes Partners published its “Antipodes Global Strategy” second-quarter 2026 investor letter, highlighting the key performance stocks, portfolio changes, and the market outlook. A copy of the letter can be downloaded here. The second quarter of 2026 delivered one of the strongest equity market recoveries in recent history, as global equities gained 14.9% in US dollar terms. Renewed enthusiasm for artificial intelligence, strong corporate earnings, and easing tensions with Iran supported the rebound, while growth stocks outperformed value and emerging markets led gains, particularly Korea and Taiwan. The Antipodes Global Value Strategy underperformed its benchmark during the quarter and over the 12 months to June 30, 2026, as returns became concentrated in a narrow group of semiconductor and hardware stocks. Consumer staples and consumer discretionary holdings supported performance, while information technology, software, and internet exposure detracted. The firm remains cautious on expensive memory companies because pricing and supply remain cyclical despite AI demand. The Strategy continues to favor valued infrastructure, specialty semiconductors, resilient software, and quality businesses. For insights into its key selections for 2026, please review the Strategy’s top five holdings.
In its second-quarter 2026 investor letter, Antipodes Global Value Strategy highlighted Qorvo, Inc. (NASDAQ:QRVO). Qorvo, Inc. (NASDAQ:QRVO) engages in the development and commercialization of technologies and products for wireless, wired, and power markets in the United States and internationally. On August 06, 2026, Qorvo, Inc. (NASDAQ:QRVO) closed at $95.33 per share. The one-month return of Qorvo, Inc. (NASDAQ:QRVO) was 12.85% and its shares gained 9.93% over the past 52 weeks. Qorvo, Inc. (NASDAQ:QRVO) has a market capitalization of $8.41 billion.
Antipodes Global Value Strategy stated the following regarding Qorvo, Inc. (NASDAQ:QRVO) in its Q2 2026 investor letter:
“Qorvo, Inc. (NASDAQ:QRVO) is a global RF semiconductor supplier spanning mobile, infrastructure, aerospace and defence. The market is anchored on its past underperformance and its heavy smartphone concentration. Qorvo has a pending merger with Skyworks, its largest US competitor which can reduce duplicated manufacturing footprint, leverage their combined R&D base and most importantly pool their RF technology to reduce single-socket risk. The result is a business with better scale and a structurally lower cost base. Beyond handsets, both companies are pivoting into structurally growing markets such as datacentre power and connectivity, automotive connectivity, and defence and aerospace communications.”
Qorvo, Inc. (NASDAQ:QRVO) is not on our list of the 40 Most Popular Stocks Among Hedge Funds. As per our database, 57 hedge fund portfolios held Qorvo, Inc. (NASDAQ:QRVO) at the end of the first quarter which was 50 in the previous quarter. While we acknowledge the risk and potential of Qorvo, Inc. (NASDAQ:QRVO) 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 Qorvo, Inc. (NASDAQ:QRVO) and that has 10,000% upside potential, check out our report about this cheapest AI stock.
In another article, we covered Qorvo, Inc. (NASDAQ:QRVO) and shared a list of companies that surpassed earnings expectations. 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.
