Janus Henderson Investors, an investment management company, released its second-quarter 2026 investor letter for the “Global Sustainable Equity Fund”. A copy of the letter can be downloaded here. Global equities experienced a robust quarter, with the Fund returning 16.17%, outperforming the Index’s 13.16% gain and the Peer Group’s 12.98% return. An overweight in information technology, particularly AI infrastructure, and underweight positions in energy, materials, and consumer staples were the key drivers. AI significantly contributed to returns, especially among chipmakers. Information technology was the top performer in the quarter with over 30% returns, alongside strong performances from financials and industrials. The portfolio focuses on high-quality companies with competitive advantages and exposure to long-term trends, positioning it to manage evolving investment opportunities and risks. For insights into their key selections for 2026, please review the Strategy’s top five holdings.
In its Q2 2026 investor letter, Janus Henderson Global Sustainable Equity Fund highlighted Seagate Technology Holdings plc (NASDAQ:STX) as a notable performance contributor. Seagate Technology Holdings plc (NASDAQ:STX) is a leading data storage technology and infrastructure solutions company that offers capacity storage products. On July 15, 2026, Seagate Technology Holdings plc (NASDAQ:STX) closed at $828.30 per share. One-month return of Seagate Technology Holdings plc (NASDAQ:STX) was -22.61%, and its shares gained 464.54% over the past 52 weeks. Seagate Technology Holdings plc (NASDAQ:STX) has a market capitalization of $187.41 billion.
Janus Henderson Global Sustainable Equity Fund stated the following regarding Seagate Technology Holdings plc (NASDAQ:STX) in its Q2 2026 investor update:
“The largest positive contributors included Seagate Technology Holdings plc (NASDAQ:STX), Micron and TSMC. We added the position in Seagate in mid-January, and it returned more than 100% this quarter as execution remained strong, with accelerating exabyte growth, better pricing and high incremental margins. Demand for hard disk drives remains robust, supported by long-term customer agreements and rising storage needs from AI inference, multimodal models and physical AI. By increasing storage density through Mozaic and heat assisted magnetic recording (HAMR), Seagate is improving mix, supporting pricing and creating a path to further gross margin expansion, stronger free cash flow and higher capital returns. HAMR also strengthens the sustainability case, allowing customers to store more data in the same physical footprint while reducing power, space and embodied-carbon intensity per terabyte.”
Seagate Technology Holdings plc (NASDAQ:STX) is not on our list of 40 Most Popular Stocks Among Hedge Funds Heading Into 2026. According to our database, 93 hedge fund portfolios held Seagate Technology Holdings plc (NASDAQ:STX) at the end of the first quarter, up from 74 in the previous quarter. Seagate Technology Holdings plc (NASDAQ:STX) reported revenue of $3.1 billion in the March quarter, up 10% sequentially and up 44% year-over-year. While we acknowledge the risk and potential of Seagate Technology Holdings plc (NASDAQ:STX) 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 Seagate Technology Holdings plc (NASDAQ:STX) and that has 10,000% upside potential, check out our report about this cheapest AI stock.
In another article, we covered Seagate Technology Holdings plc (NASDAQ:STX) and shared the list of best performing AI stocks over the last 3 years. 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.
