Investment management company Vulcan Value Partners recently released its second-quarter 2026 investor letter. A copy of the letter can be downloaded here. Vulcan Value Partners prioritizes long-term returns and lower risk over short-term performance. In the quarter, the Large Cap Composite (Net) returned 9.5%, the Small Cap Composite (Net) returned 13.3%, the Focus Composite (Net) returned 10.4%, the Focus Plus Composite (Net) returned 10.5%, and the All-Cap Composite (Net) returned 9.0%. The firm reported strong compounding across its strategies in Q2 2026. Management highlighted that their exceptional holdings remain deeply undervalued relative to “what is working” in the market, viewing this as an excellent opportunity for patient investors. In addition, please check the Firm’s top five holdings to know its best picks in 2026.
In its Q2 2026 investor letter, Vulcan Value Partners highlighted Ituran Location and Control Ltd. (NASDAQ:ITRN) as a performance contributor. Ituran Location and Control Ltd. (NASDAQ:ITRN) is an Israel-based telematics products and services company. On July 30, 2026, Ituran Location and Control Ltd. (NASDAQ:ITRN) closed at $55.46 per share, reflecting a market capitalization of $1.1 billion. Ituran Location and Control Ltd. (NASDAQ:ITRN) posted a one-month return of -2.94%, while its shares gained 43.27% over the past 52 weeks.
Vulcan Value Partners stated the following regarding Ituran Location and Control Ltd. (NASDAQ:ITRN) in its Q2 2026 investor update:
“Ituran Location and Control Ltd. (NASDAQ:ITRN) provides stolen vehicle recovery services, primarily in Israel, Brazil, and other parts of Latin America. Using a device installed in the car, Ituran is able to detect when a vehicle has been stolen, notify law enforcement, and assist in the locating and recovery of the vehicle. Ituran’s customers include auto OEMs, individual drivers, and insurance companies. Over 70% of its revenue comes from ongoing subscriptions. The business grows high-single digit organically with solid margins and excellent returns on capital.
After signing multiple long-term agreements in 2025 with OEMs like Stellantis, Renault, and BMW, Ituran reported very strong results in Q1, with revenue growing 19% and EBIT up 18%. The share price responded accordingly. We continue to admire Ituran’s business and believe shares remain discounted.”
Ituran Location and Control Ltd. (NASDAQ:ITRN) is not on our list of 40 Most Popular Stocks Among Hedge Funds Heading Into 2026. According to our database, 19 hedge fund portfolios held Ituran Location and Control Ltd. (NASDAQ:ITRN) at the end of the first quarter, up from 16 in the previous quarter. While we acknowledge the risk and potential of Ituran Location and Control Ltd. (NASDAQ:ITRN) 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 Ituran Location and Control Ltd. (NASDAQ:ITRN) and that has 10,000% upside potential, check out our report about this cheapest AI stock.
In another article, we covered Ituran Location and Control Ltd. (NASDAQ:ITRN) and shared a bullish thesis 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.
