Polen Capital, an investment management company, released its first-quarter 2026 investor letter for “Polen 5Perspectives Small-Mid Growth Strategy”. A copy of the letter can be downloaded here. Polen 5Perspectives Small-Mid Composite Portfolio returned -3.4% gross and -3.6% net of fees, respectively, in the first quarter of 2026, compared to the -3.5% return of the Russell 2500 Growth Index. Rapidly shifting, marked narrative-driven volatility stemmed in the first quarter. Initial concerns centered on AI disruption in software and the related “HALO” trade, followed by rising private credit worries, culminating in geopolitical risks stemming from the war in Iran. The firm expects ongoing volatility in the foreseeable future. The firm believes the SMID-cap universe in the US consists of innovative, dynamic companies, and the portfolio performance is driven by the accelerating pace of change. In addition, please check the Strategy’s top five holdings to know its best picks in 2026.
In its first-quarter 2026 investor letter, Polen 5Perspectives Small-Mid Growth Strategy highlighted TechnipFMC plc (NYSE:FTI). TechnipFMC plc (NYSE:FTI) is a multinational company that engages in the oil and natural gas projects, providing technologies, systems, and services. On June 18, 2026, TechnipFMC plc (NYSE:FTI) closed at $65.17 per share. One-month return of TechnipFMC plc (NYSE:FTI) was -8.20%, and its shares gained 85.41% over the past 52 weeks. TechnipFMC plc (NYSE:FTI) has a market capitalization of $25.98 billion.
Polen 5Perspectives Small-Mid Growth Strategy stated the following regarding TechnipFMC plc (NYSE:FTI) in its Q1 2026 investor letter:
“The top contributors to the Portfolio’s relative performance in the quarter were Sandisk Corp ., Bloom Energy , and TechnipFMC plc (NYSE:FTI). TechnipFMC is a global provider of equipment and services used in offshore oil and gas production. Its integrated solutions help energy companies develop and operate complex subsea projects more efficiently, reducing costs and improving project economics. During the quarter, shares performed well as the company benefited from strong order intake and a growing backlog, supported by continued investment in offshore energy development. Improved execution and margin expansion, along with confidence in the longevity of the offshore cycle, contributed to positive investor sentiment.”
TechnipFMC plc (NYSE:FTI) is not on our list of 40 Most Popular Stocks Among Hedge Funds Heading Into 2026. According to our database, 58 hedge fund portfolios held TechnipFMC plc (NYSE:FTI) at the end of the first quarter, up from 57 in the previous quarter. While we acknowledge the risk and potential of TechnipFMC plc (NYSE:FTI) 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 TECHNIPFMC PLC (NYSE:FTI) and that has 10,000% upside potential, check out our report about this cheapest AI stock.
In another article, we covered TechnipFMC plc (NYSE:FTI) and shared the list of energy stocks that just hit new all-time highs. In addition, please check out our hedge fund investor letters Q1 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.
