Renaissance Investment Management Large Cap Growth Strategy’s Q1 2026 Investor Letter

Renaissance Investment Management, an investment management company, released its Q1 2026 “Large Cap Growth Strategy.” Stocks fell sharply in the first quarter due to the Iran conflict. The Energy and Materials sectors outperformed, Financials and Consumer Discretionary lagged. Large-cap stocks underperformed smaller-cap stocks, and Value outperformed Growth. The portfolio outperformed the S&P 500’s -4.3% return in the quarter but lagged the Russell 1000 Growth Index, which fell 9.8%. In this uncertain environment, the firm remains aware of the risks and emerging investment...