Montaka Global Investments, an investment management company, released its first-quarter 2026 investor letter. A copy of the letter is available to download here. The March quarter was dominated by Iran’s geopolitical conflict, which sharply revised stocks’ valuation multiples. In Q1, the portfolio holdings declined due to valuation changes, but the firm trusts in the stocks’ fundamentals. The letter emphasized three key themes for future investors: AI, Geopolitics, and Market valuations. While the market focuses on war, oil, inflation, and interest rates, the firm seeks opportunities in select businesses with strong advantages and large, growing markets. In this economic backdrop, the firm reaffirms its approach of patient investing in advantaged businesses amid large structural shifts at attractive prices. In addition, please check the Strategy’s top five holdings to know its best picks in 2026.
In its first-quarter 2026 investor letter, Montaka Global Investments highlighted stocks like Salesforce, Inc. (NYSE:CRM). Salesforce, Inc. (NYSE:CRM) is a cloud computing company that offers Customer Relationship Management (CRM) technology that brings companies and customers together. On April 22, 2026, Salesforce, Inc. (NYSE:CRM) closed at $189.80 per share. One-month return of Salesforce, Inc. (NYSE:CRM) was -6.71%, and its shares lost 34.58% over the past 52 weeks. Salesforce, Inc. (NYSE:CRM) has a market capitalization of $159.82 billion.
Montaka Global Investments stated the following regarding Salesforce, Inc. (NYSE:CRM) in its Q1 2026 investor letter:
“The strength of an investment opportunity depends on the price at which you can acquire current and future earnings power. We see many instances today of strong competitive advantages being offered by the market at highly-attractive prices. Based on Montaka’s internal assessments, here are several:
Salesforce, Inc. (NYSE:CRM) — By quarter-end, Salesforce’s EV multiple was down to 4.8x 2026 gross profits (GP). To put this ratio in perspective, at the height of the 2000 ‘dot com’ bubble, Cisco’s EV was 70x GP. It was only following the stock’s 89% decline that Cisco bottomed at 5x EV/GP in October 2002.”
Salesforce, Inc. (NYSE:CRM) ranks 28 on our list of 40 Most Popular Stocks Among Hedge Funds Heading Into 2026. According to our database, 115 hedge fund portfolios held Salesforce, Inc. (NYSE:CRM) at the end of the fourth quarter, compared to 119 in the previous quarter. While we acknowledge the risk and potential of Salesforce, Inc. (NYSE:CRM) 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 Salesforce, Inc. (NYSE:CRM) and that has 10,000% upside potential, check out our report about this cheapest AI stock.
In another article, we covered Salesforce, Inc. (NYSE:CRM) and shared Vulcan Value Partners’ views on the company. 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.
