Here’s Why NZS Capital Decided to Strengthen Its Position in Quanta Services (PWR)

2 months ago 23

Soumya Eswaran

Tue, July 21, 2026 astatine 9:28 AM CDT 3 min read

NZS Capital, LLC, an concern absorption company, released its "NZS Growth Equity Strategy" second-quarter 2026 capitalist letter. A transcript of the missive tin beryllium downloaded here. Equity markets delivered a beardown show successful the 2nd 4th of 2026, driven by request for AI infrastructure, geopolitical stabilization, and affirmative net reports. The portfolio achieved a gross instrumentality of +24.96% and a nett instrumentality of +24.76%, importantly outperforming the +14.79% instrumentality for the Morningstar Global Target Market Exposure Index. Overweight successful Semiconductors, banal enactment successful areas similar Software and Industrials, and zero vulnerability to Energy contributed to the Strategy's outperformance successful the quarter. In addition, delight cheque the Strategy's apical 5 holdings to cognize its champion picks successful 2026.

In its Q2 2026 capitalist letter, NZS Growth Equity Strategy highlighted Quanta Services, Inc. (NYSE:PWR). Quanta Services, Inc. (NYSE:PWR) is an infrastructure services institution that provides engineering and operation services to utilities, vigor infrastructure, and telecommunications projects. On July 20, 2026, Quanta Services, Inc. (NYSE:PWR) closed astatine $632.56 per share. One-month instrumentality of Quanta Services, Inc. (NYSE:PWR) was -9.93%, and its shares gained 60.17% implicit the past 52 weeks. Quanta Services, Inc. (NYSE:PWR) has a marketplace capitalization of $94.92 billion.

NZS Growth Equity Strategy stated the pursuing regarding Quanta Services, Inc. (NYSE:PWR) successful its Q2 2026 capitalist update:

"Those acquainted with our strategy whitethorn cognize a cardinal portion of our process concerns reassessment of optional positions that outperform their mode into the "middle" of the portfolio. If the squad determines that the scope of outcomes has narrowed capable for promotion to a resilient position, we adhd capital; otherwise, we trim the presumption backmost to optionality. While we mightiness permission incremental upside connected the table, we judge this strict simplification successful overactive stocks with wide ranging outcomes allows america to proceed benefiting from further upside without letting hazard run. This quarter, the portfolio had 5 positions that worked their mode into the mediate – a fewer adjacent ran each the mode done the mediate successful a azygous day. This concern is antithetic and possibly symptomatic of the volatility successful the market. Quanta Services, Inc. (NYSE:PWR) besides ran into the mediate during the quarter, and we yet decided to adhd superior and beforehand the presumption to resilient, reflecting our presumption that the cardinal scope of outcomes for Quanta's concern – a US supplier of trade labour for energy generation, transmission, and organisation infrastructure – has continued to narrow."

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