Turtle Creek Asset Management, an investment management company, recently published its Q1 2026 report. A copy is available to download here. Turtle Creek Asset Management’s Q1 2026 report covers key market factors currently at play. The escalation of the Iran conflict has pushed oil and gas prices higher, while AI’s impact on various sectors, especially enterprise software, continues to grow. The firm increased rebalancing activity in the quarter amid heightened market volatility and the momentum in AI-related trades. In this environment, Turtle Creek Equity Fund returned -4.8% for the quarter. Additionally, you can review the Portfolio’s top 5 holdings to see its best picks for 2026.
In its first-quarter 2026 investor letter, Turtle Creek Asset Management highlighted Ingersoll Rand Inc. (NYSE:IR). Ingersoll Rand Inc. (NYSE:IR) is an industrial machinery company that provides mission-critical air, fluid, clean energy, and medical technologies services and solutions. On June 17, 2026, Ingersoll Rand Inc. (NYSE:IR) closed at $77.07 per share. One-month return of Ingersoll Rand Inc. (NYSE:IR) was 9.66%, and its shares lost 4.60% over the past 52 weeks. Ingersoll Rand Inc. (NYSE:IR) has a market capitalization of $30.16 billion.
Turtle Creek Asset Management stated the following regarding Ingersoll Rand Inc. (NYSE:IR) in its Q1 2026 investor letter:
“Ingersoll Rand Inc. (NYSE:IR), a global diversified industrial company, reported a book to bill ratio above one for the first full year since 2022, and has now seen positive organic order growth in three of the past four quarters. The company’s tone is optimistic looking forward, which is consistent with what we are hearing from our other industrial companies. We have now been in an industrial recession for over three years, one of the longest on record. Recessions don’t last forever but the length of this one has surprised us.”
Ingersoll Rand Inc. (NYSE:IR) is not on our list of 40 Most Popular Stocks Among Hedge Funds Heading Into 2026. According to our database, 39 hedge fund portfolios held Ingersoll Rand Inc. (NYSE:IR) at the end of the first quarter, up from 37 in the previous quarter. While we acknowledge the risk and potential of Ingersoll Rand Inc. (NYSE:IR) 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 INGERSOLL RAND INC. (NYSE:IR) and that has 10,000% upside potential, check out our report about this cheapest AI stock.
In another article, we covered Ingersoll Rand Inc. (NYSE:IR) and shared Weitz Investment Large Cap Equity Fund’s insights 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.
READ NEXT: 33 Stocks That Should Double in 3 Years and 15 Stocks That Will Make You Rich in 10 Years.
Disclosure: None. This article is originally published at Insider Monkey.
