Bell Global Equities Fund, managed by Bell Asset Management, released its May investor update. A copy of the letter can be downloaded here. The global equity market continued its rally in May, driven by accelerating AI infrastructure spending and a stronger-than-expected earnings season. The Fund (Platform Class) returned 2.1%, underperforming the MSCI World ex-Australia Index’s 4.5% return in May 2026. Information Technology holdings drove the positive return in the month, along with modest contributions from Health Care and Consumer Discretionary exposures. However, the portfolio underperformed compared to the benchmark, primarily due to the high returns from the benchmark’s mega-cap technology and semiconductor stocks. In addition, please check the Strategy’s top five holdings to know its best picks in 2026.
In its May 2026 investor letter, Bell Global Equities Fund highlighted Keysight Technologies, Inc. (NYSE:KEYS). Keysight Technologies, Inc. (NYSE:KEYS) is a technology company that designs and manufactures electronic design and test solutions for communications, electronics, and aerospace and defense (A&D) industries. On July 8, 2026, Keysight Technologies, Inc. (NYSE:KEYS) closed at $317.24 per share. The one-month return of Keysight Technologies, Inc. (NYSE:KEYS) was -4.00%, and its shares gained 98.03% over the past 52 weeks. Keysight Technologies, Inc. (NYSE:KEYS) has a market capitalization of $54.21 billion.
Bell Global Equities Fund stated the following regarding Keysight Technologies, Inc. (NYSE:KEYS) in its May 2026 investor update:
“In terms of portfolio exits, we elected to sell our position in Keysight Technologies, Inc. (NYSE:KEYS) during the month following a period of exceptional share price strength. While expecting very strong operating results, we believed that the valuation had expanded to a level that left little room for error and therefore took profits prior to the Q2 results. The company did indeed deliver a great earnings result; however, the muted share price reaction since then highlights the degree of positive sentiment already embedded in the share price. Keysight remains a critical provider of electronic design and testing solutions for AI infrastructure, with its equipment ensuring interoperability as hyperscalers build increasingly complex compute clusters utilizing next-generation 1.6T Ethernet. However, we believe we can redeploy the capital into other names with better risk-adjusted upside potential and will monitor Keysight for a more attractive re-entry point.”
Keysight Technologies, Inc. (NYSE:KEYS) is not on our list of 40 Most Popular Stocks Among Hedge Funds Heading Into 2026. According to our database, 66 hedge fund portfolios held Keysight Technologies, Inc. (NYSE:KEYS) at the end of the first quarter, up from 51 in the previous quarter. Keysight Technologies, Inc. (NYSE:KEYS) revenue grew 31% on a reported basis in the second quarter of fiscal 2026 to $1.72 billion. While we acknowledge the risk and potential of Keysight Technologies, Inc. (NYSE:KEYS) 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 Keysight Technologies, Inc. (NYSE:KEYS) and that has 10,000% upside potential, check out our report about this cheapest AI stock.
In another article, we covered Keysight Technologies, Inc. (NYSE:KEYS) and shared Janus Henderson Global Sustainable Equity Fund’s views on the company. 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.
