City Different Investments, an investment management firm, released Q2 2026 investor update for its global equity strategies. A copy of the letter can be downloaded here. City Different global equity strategies delivered strong results in the second quarter, but trailed the global market driven by AI enthusiasm. Its Focused Global returned +7.08%, and Global Equity returned +5.36% during the quarter. This compared to the MSCI All Country World Index return of +14.93%. YTD, the strategies returned +11.28% and +5.29%, vs +11.25% for the index. The global strategies involve focused portfolios of long-only equities selected on a global basis, aimed at long-term investment potential. The firm remains optimistic about these portfolios, which are constructed based on long-term fundamental assessments. In addition, please check the Fund’s top five holdings to know its best picks in 2026.
In its Q2 2026 investor letter, City Different Investments highlighted Tidewater Inc. (NYSE:TDW). Tidewater Inc. (NYSE:TDW) provides offshore support vessels and marine support services to the offshore energy industry. On July 21, 2026, Tidewater Inc. (NYSE:TDW) closed at $78.09 per share, reflecting a market capitalization of $3.88 billion. Tidewater Inc. (NYSE:TDW) posted a one-month return of -7.14%, while its shares gained 35.75% over the past 52 weeks.
City Different Investments stated the following regarding Tidewater Inc. (NYSE:TDW) in its Q2 2026 investor update:
“Our biggest detractor this quarter was Tidewater Inc. (NYSE:TDW), a Texas-based owner of tugboats and offshore supply vessels for the energy industry. The U.S.–Iran ceasefire in June let the air out of energy and shipping stocks, but we believe that the multi-year supply-and-demand outlook for offshore vessels remains favorable.”
Tidewater Inc. (NYSE:TDW) is not on our list of 40 Most Popular Stocks Among Hedge Funds Heading Into 2026. According to our database, 31 hedge fund portfolios held Tidewater Inc. (NYSE:TDW) at the end of the first quarter, compared to 36 in the previous quarter. While we acknowledge the risk and potential of Tidewater Inc. (NYSE:TDW) 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 Tidewater Inc. (NYSE:TDW) and that has 10,000% upside potential, check out our report about this cheapest AI stock.
In another article, we covered Tidewater Inc. (NYSE:TDW) and shared Black Bear Value Fund’s views 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.
