Aoris Investment Management, a specialist international equity manager, released its Q1 2026 investor letter for “Aoris International Fund”. A copy of the letter is available to download here. The fund invests in high-quality, wealth-generating businesses managed by prudent and capable teams, targeting an annual return of 8–12% after fees over a 5–7-year market cycle. During the March quarter, international equity markets, as represented by the MSCI AC World Accumulation Index ex Australia, decreased by 5.8% in AUD terms. In local currencies, the decline was 2.8%. The Portfolio’s Class A (Unhedged) returned -13.7% after fees, underperforming its benchmark by 7.8%, while the Class C (Hedged) dropped 10.1%, 7.3% less than its benchmark. These results marked significant negative returns overall and against the benchmark. Investor concerns grew in the quarter, especially regarding how AI could impact the software, data, and services sectors. Additionally, reviewing the Fund’s top five holdings could help identify its best picks for 2026.
In its first-quarter 2026 investor letter, Aoris Investment Management highlighted stocks like Cintas Corporation (NASDAQ:CTAS). Cintas Corporation (NASDAQ:CTAS) is a business services company that provides corporate identity uniforms and related business services. On June 23, 2026, Cintas Corporation (NASDAQ:CTAS) closed at $168.80 per share. One-month return of Cintas Corporation (NASDAQ:CTAS) was -0.62%, and its shares lost 23.01% over the past 52 weeks. Cintas Corporation (NASDAQ:CTAS) has a market capitalization of $67.54 billion.
Aoris Investment Management stated the following regarding Cintas Corporation (NASDAQ:CTAS) in its Q1 2026 investor letter:
“Cintas Corporation (NASDAQ:CTAS) is America’s largest provider of uniform rental services. For around $1.50 per worker per day Cintas will collect, clean and replace uniforms for organisations in industries such as lodging, entertainment, manufacturing and health care, allowing them to reduce cost and complexity and to focus on their core businesses. Cintas will often provide additional facility services in the same delivery, such as entrance mats, aprons, restroom supplies, and fire safety inspection. It keeps its customers on average for more than 20 years and has grown earnings at an impressive rate over time.
We had previously owned Cintas in the portfolio for six years until July 2024, when we sold it for valuation reasons. We repurchased this high-quality business on a significantly lower earnings multiple than it traded on when we sold it.”
Cintas Corporation (NASDAQ:CTAS) is not on our list of 40 Most Popular Stocks Among Hedge Funds Heading Into 2026. According to our database, 63 hedge fund portfolios held Cintas Corporation (NASDAQ:CTAS) at the end of the first quarter, compared to 66 in the previous quarter. While we acknowledge the risk and potential of Cintas Corporation (NASDAQ:CTAS) 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 Cintas Corporation (NASDAQ:CTAS) and that has 10,000% upside potential, check out our report about this cheapest AI stock.
In another article, we covered Cintas Corporation (NASDAQ:CTAS) and shared the list of dividend stocks to buy according to Reddit. 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.
