Brasada Capital Management, an investment management company, released its Q1 2026 investor letter. A copy of the letter is available to download here. The letter highlighted AI disruption fears, followed by war in Iran as major market concerns, leading the S&P 500 and Nasdaq to decline by 4.3% and over 7%, respectively. This situation has driven energy prices higher, contributing to inflation and squeezing corporate margins. However, the participation in Small Caps, Mid Caps, and International stocks has increased beyond the largest stocks. As AI development accelerates, the firm is focusing on companies that will benefit from it while avoiding those that may be threatened. The firm continues to seek investments in companies with a bright future, unique assets, and strong management teams. In addition, please check the Strategy’s top five holdings to know its best picks in 2026.
In its first-quarter 2026 investor letter, Brasada Capital Management highlighted stocks like Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (NASDAQ:OMAB). Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (NASDAQ:OMAB) is an airport operator in Mexico that develops, operates, and maintains 13 international airports. On May 7, 2026, Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (NASDAQ:OMAB) closed at $106.98 per share. One-month return of Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (NASDAQ:OMAB) was -7.64%, and its shares gained 11.46% over the past 52 weeks. Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (NASDAQ:OMAB) has a market capitalization of $5.19 billion.
Brasada Capital Management stated the following regarding Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (NASDAQ:OMAB) in its Q1 2026 investor letter:
“Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (NASDAQ:OMAB) is one of three publicly traded airport operators in Mexico. They operate 13 international airports under long-dated concessions (50-year term into 2048). They make money from regulated air travel services (passenger charges, landing/parking, etc.) and higher-margin commercial activities (parking, food & beverage, retail, lounges, cargo/logistics). They are levered directly to passenger volumes and tariff settings. The network is heavily concentrated in Monterrey, Mexico which is over 40% of the total mix. Every 5 years, OMAB and the Mexican government negotiate via a Master Development Program (MDP) for the next 5-years. The MDP is a capex mandate to the operator. This requires them to expand terminals, improve runways/taxiways, and add equipment.
Monterrey and the broader North/Central industrial corridor is where the bulk of near shoring appears to be happening. The core bet is that these regions will continue to share in manufacturing investment and supply chain reconfiguration, which may translate into durable business travel and cargo activity. We anticipate leisure travel will stay consistent. We expect Mexico’s integration with the US to deepen further. AB Volvo increased its planned investment in a new Nuevo Leon truck plant to $1B with production scheduled to start in 2026. This is exactly the kind of capex cycle that is likely to support sustained corporate travel and air-cargo needs around Monterrey. OMAB also launched 13 new domestic and 5 new international routes. There was also notable growth in retail (+20%), restaurants (+22%) and VIP lounges (+30%) in 2025. …” (Click here to read the full text)
Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (NASDAQ:OMAB) is not on our list of 40 Most Popular Stocks Among Hedge Funds Heading Into 2026. According to our database, 8 hedge fund portfolios held Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (NASDAQ:OMAB) at the end of the fourth quarter, compared to 13 in the previous quarter. While we acknowledge the risk and potential of Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (NASDAQ:OMAB) 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 Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (NASDAQ:OMAB) and that has 10,000% upside potential, check out our report about this cheapest AI stock.
In another article, we covered Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (NASDAQ:OMAB) 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.
READ NEXT: 33 Stocks That Should Double in 3 Years and 15 Stocks That Will Make You Rich in 10 Years.
Disclosure: None. This article is originally published at Insider Monkey.
