The London Company released its Q1 2026 investor letter for “The London Company Large Cap Strategy”. In early 2026, US equities declined, with the Russell 3000 falling 4% and the S&P posting losses. A copy of the letter is available to download here. The year started positively with a broad rally, but sentiment reversed in March due to the Iran conflict. Crude oil prices rose, raising inflation concerns and shifting the Fed’s outlook from rate cuts to hikes. Large-cap growth suffered double-digit losses amid weakness in Big Tech and AI concerns in software. Sector dispersion was extreme; Energy surged over 35%, while Tech fell over 9%. The London Company Large Cap portfolio returned 2.6% (2.4% net) in the quarter, outperforming the Russell 1000’s 4.2% decline, supported by stock selection and sector exposure. The strategy’s quality, high active share, and downside resilience were effective in an unsettled market. The firm views the recent setback as a pause in a multi-year cycle, not a reversal. In addition, please check the Strategy’s top five holdings to know its best picks in 2026.
In its first-quarter 2026 investor letter, The London Company Large Cap Strategy highlighted Entegris, Inc. (NASDAQ:ENTG). Headquartered in Billerica, Massachusetts, Entegris, Inc. (NASDAQ:ENTG) offers materials and process solutions for the semiconductor and other high-technology industries. On June 10, 2026, Entegris, Inc. (NASDAQ:ENTG) closed at $128.88 per share. One-month return of Entegris, Inc. (NASDAQ:ENTG) was -7.45%, and its shares gained 61.87% over the past 52 weeks. Entegris, Inc. (NASDAQ:ENTG) has a market capitalization of $19.63 billion.
The London Company Large Cap Strategy stated the following regarding Entegris, Inc. (NASDAQ:ENTG) in its Q1 2026 investor letter:
“Entegris, Inc. (NASDAQ:ENTG) – ENTG was a top contributor, benefiting from improving fab utilization and accelerating AI driven semiconductor demand. It continues to gain share as advanced node transitions increase materials intensity per wafer. Looking ahead, fundamentals are improving with higher wafer starts, near-full utilization, and multiple growth drivers across advanced logic and memory. With its investment cycle largely complete and free cash flow expected to improve, we remain attracted to its strong competitive positioning and high barriers to entry.”
Entegris, Inc. (NASDAQ:ENTG) is not on our list of 40 Most Popular Stocks Among Hedge Funds Heading Into 2026. According to our database, 47 hedge fund portfolios held Entegris, Inc. (NASDAQ:ENTG) at the end of the first quarter, up from 43 in the previous quarter. In the first quarter of 2026, Entegris, Inc. (NASDAQ:ENTG) reported sales of $812 million, a 5% year-over-year increase, which was above the midpoint of its guidance range. While we acknowledge the risk and potential of Entegris, Inc. (NASDAQ:ENTG) 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 Entegris, Inc. (NASDAQ:ENTG) and that has 10,000% upside potential, check out our report about this cheapest AI stock.
In another article, we covered Entegris, Inc. (NASDAQ:ENTG) and shared billionaire Stan Druckenmiller’s small and mid-cap stock picks with huge upside potential. 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.
