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 Celanese Corporation (NYSE:CE). Celanese Corporation (NYSE:CE) is a leading chemical and materials company. On June 17, 2026, Celanese Corporation (NYSE:CE) closed at $51.23 per share. One-month return of Celanese Corporation (NYSE:CE) was -3.16%, and its shares lost 5.81% over the past 52 weeks. Celanese Corporation (NYSE:CE) has a market capitalization of $5.62 billion.
Turtle Creek Asset Management stated the following regarding Celanese Corporation (NYSE:CE) in its Q1 2026 investor letter:
“Celanese Corporation (NYSE:CE), a global specialty chemical and materials company, was the largest miss, reporting weaker-than-expected EBITDA and EPS results, but continued to generate significant free cash flow. In the current environment of higher global feedstock costs, such as natural gas, they are at a significant competitive advantage as they disproportionately consume low-cost U.S. natural gas in their production processes.”
Celanese Corporation (NYSE:CE) is not on our list of 40 Most Popular Stocks Among Hedge Funds Heading Into 2026. According to our database, 49 hedge fund portfolios held Celanese Corporation (NYSE:CE) at the end of the first quarter, up from 42 in the previous quarter. While we acknowledge the risk and potential of Celanese Corporation (NYSE:CE) 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 CELANESE CORPORATION (NYSE:CE) and that has 10,000% upside potential, check out our report about this cheapest AI stock.
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.
