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 Equitable Holdings, Inc. (NYSE:EQH) as a newly added position. Equitable Holdings, Inc. (NYSE:EQH) is a leading financial services company focusing on life insurance, annuities, asset management, and retirement solutions. On June 5, 2026, Equitable Holdings, Inc. (NYSE:EQH) closed at $41.32 per share. One-month return of Equitable Holdings, Inc. (NYSE:EQH) was 1.77%, and its shares lost 24.43% over the past 52 weeks. Equitable Holdings, Inc. (NYSE:EQH) has a market capitalization of $11.63 billion.
Diamond Hill Select Strategy stated the following regarding Equitable Holdings, Inc. (NYSE:EQH) in its Q1 2026 investor letter:
“We initiated a position in Equitable Holdings, Inc. (NYSE:EQH) after it announced an all-stock merger with Corebridge Financial, which will create a leading US life and retirement platform, combining complementary distribution channels and product strengths across annuities and retirement solutions. We believe the combined company will be better positioned to deliver more consistent earnings and long-term growth through a broader set of capabilities in retirement and wealth management. Shares were under pressure most of the quarter and sold off even further on the announcement, creating an attractive entry point.”
Equitable Holdings, Inc. (NYSE:EQH) is not on our list of 40 Most Popular Stocks Among Hedge Funds Heading Into 2026. According to our database, 42 hedge fund portfolios held Equitable Holdings, Inc. (NYSE:EQH) at the end of the first quarter, up from 38 in the previous quarter. While we acknowledge the risk and potential of Equitable Holdings, Inc. (NYSE:EQH) 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 Equitable Holdings, Inc. (NYSE:EQH) and that has 10,000% upside potential, check out our report about this cheapest AI stock.
In another article, we covered Equitable Holdings, Inc. (NYSE:EQH) and shared the list of quality value stocks likely to make a comeback according to analysts. 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.
