Turtle Creek Asset Management, an investment management company, recently published its Q1 2026 report. A copy is available to download here. Turtle Creek Asset Management’s Q1 2026 report covers key market factors currently at play. The escalation of the Iran conflict has pushed oil and gas prices higher, while AI’s impact on various sectors, especially enterprise software, continues to grow. The firm increased rebalancing activity in the quarter amid heightened market volatility and the momentum in AI-related trades. In this environment, Turtle Creek Equity Fund returned -4.8% for the quarter. Additionally, you can review the Portfolio’s top 5 holdings to see its best picks for 2026.
In its first-quarter 2026 investor letter, Turtle Creek Asset Management highlighted stocks like Colliers International Group Inc. (NASDAQ:CIGI). Colliers International Group Inc. (NASDAQ:CIGI) is a commercial real estate professional and investment management services provider. On June 17, 2026, Colliers International Group Inc. (NASDAQ:CIGI) closed at $92.89 per share. One-month return of Colliers International Group Inc. (NASDAQ:CIGI) was -3.41%, and its shares lost 27.98% over the past 52 weeks. Colliers International Group Inc. (NASDAQ:CIGI) has a market capitalization of $4.75 billion.
Turtle Creek Asset Management stated the following regarding Colliers International Group Inc. (NASDAQ:CIGI) in its Q1 2026 investor letter:
“Colliers International Group Inc. (NASDAQ:CIGI) operates three divisions – Commercial Real Estate, Engineering and Investment Management – and all three industries were roiled by AI concerns at points in the quarter. We think those concerns are misplaced and simplistic. The company is expecting mid-teens EPS growth this year and we expect to see at least that in the years that follow. With the share price down 30% in the quarter, and with our view of the company unchanged, we have purchased more shares such that it is a top five holding for the first time. Jay Hennick, Collier’s founder and CEO, was also adding to his investment during the quarter, purchasing $16 million worth of stock on behalf of his family foundation. Near the end of the quarter they announced a significant acquisition of a European engineering company, providing a platform for their ‘bolt-on’ acquisition strategy in the EMEA region.”
Colliers International Group Inc. (NASDAQ:CIGI) is not on our list of 40 Most Popular Stocks Among Hedge Funds Heading Into 2026. According to our database, 20 hedge fund portfolios held Colliers International Group Inc. (NASDAQ:CIGI) at the end of the first quarter, up from 21 in the previous quarter. While we acknowledge the risk and potential of Colliers International Group Inc. (NASDAQ:CIGI) 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 COLLIERS INTERNATIONAL GROUP INC. (NASDAQ:CIGI) and that has 10,000% upside potential, check out our report about this cheapest AI stock.
In another article, we covered Colliers International Group Inc. (NASDAQ:CIGI) and shared a bullish thesis on the company. 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.
