Alpha Wealth Funds, LLC, an investment management company, released its Q2 2026 letter for the “Insiders Fund”. A copy of the letter is available to download here. The Fund lost 1.45% in June, while it was up 8.43% for the 2nd quarter and 0.75% YTD. This compares to the S&P 500’s -0.95%, 15.2%, and 9.98% returns, respectively, over the same period. The fund underperformed while the S&P 500 and Nasdaq-100 posted their best quarter in six years. A significant factor in this decline is a ~30% concentration in Alphabet stock, which shifted from a cash-generating asset to a capital-intensive posture following a major stock offering to fund data centers. The performance of the fund was further hampered by losses in AI semiconductor stocks like AMD and Intel, which were sold prematurely. The letter concluded with a commitment to risk management while acknowledging the possibility of mistakes in investment strategy. In addition, please check the fund’s top five holdings to know its best picks in 2026.
In its Q2 2026 investor letter, Insiders Fund highlighted stocks like Energy Transfer LP (NYSE:ET). Energy Transfer LP (NYSE:ET) is a leading midstream company that owns and operates natural gas transportation pipelines and storage facilities across United States. On August 13, 2026, Energy Transfer LP (NYSE:ET) closed at $20.76 per share. One-month return of Energy Transfer LP (NYSE:ET) was 2.17%, and its shares gained 20.42% over the past 52 weeks. Energy Transfer LP (NYSE:ET) has a market capitalization of $71.48 billion.
Insiders Fund stated the following regarding Energy Transfer LP (NYSE:ET) in its Q2 2026 investor letter:
“Business: Energy Transfer LP (NYSE:ET) owns and operates one of the largest and most diversified portfolios of energy assets in the United States, managing approximately 140,000 miles of pipeline and associated infrastructure across 44 states. Its core segments bridge the entire oil and gas value chain: natural gas midstream, intrastate/interstate transport, crude oil and natural gas liquids (NGL) logistics, and fractionation. Based on Energy Transfer’s recent closing price, the current dividend yield is 6.98% ● Insider Buying/Selling: No insider buying or selling recently but insiders own 12% and have historically purchased during periods of price weakness.
Recent News: Revenue skyrocketed 32% YoY in Q1 2026 to $27.77 billion, driven by record throughput. In a major strategic shift, Energy Transfer announced a long-term agreement with Cloudburst Data Centers to provide natural gas for a flagship AI-focused data center in Central Texas. This signaled to investors that ET is positioned to profit from the massive electricity demands of the AI industry. Management noted they are currently reviewing requests to connect to ~200 data centers across 14 states..…” (Click here to read the full text)
Energy Transfer LP (NYSE:ET) is not on our list of 40 Most Popular Stocks Among Hedge Funds Heading Into 2026. According to our database, 34 hedge fund portfolios held Energy Transfer LP (NYSE:ET) at the end of the first quarter, up from 30 in the previous quarter. While we acknowledge the risk and potential of Energy Transfer LP (NYSE:ET) 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 Energy Transfer LP (NYSE:ET) and that has 10,000% upside potential, check out our report about this cheapest AI stock.
In another article, we covered Energy Transfer LP (NYSE:ET) and shared stocks outperforming Wall Street estimates. 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.
