1 week ago
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Soumya Eswaran
Tue, April 21, 2026 astatine 9:34 AM CDT 3 min read
Meridian Funds, managed by ArrowMark Partners, released its first-quarter 2026 capitalist missive for “Meridian Small Cap Growth Fund”. A transcript of the missive is disposable to download here. The US equities marketplace started 2026 with volatility driven by commercialized argumentation uncertainty and heightened geopolitical risks. Initial gains were attributed to assurance successful home companies and the Federal Reserve easing. However, sentiment deteriorated pursuing accrued tariffs and subject strikes by the U.S. and Israel against Iran. During the quarter, Meridian Small Cap Growth Fund returned -8.37% compared to the Russell 2000 Growth Index’s -2.82% return. The Fund’s comparative underperformance was driven by manufacture allocation effects, portion banal enactment contributed positively. Despite the marketplace environment, the money prioritizes high-quality businesses characterized by durable competitory advantages, robust equilibrium sheets, and a wide outlook for sustainable net growth. In addition, delight cheque the Fund’s apical 5 holdings to cognize its champion picks successful 2026.
In its first-quarter 2026 capitalist letter, Meridian Small Cap Growth Fund highlighted stocks similar Kirby Corporation (NYSE:KEX). Kirby Corporation (NYSE:KEX) is simply a US-based home vessel barge operator. On April 20, 2026, Kirby Corporation (NYSE:KEX) closed astatine $142.86 per share. One-month instrumentality of Kirby Corporation (NYSE:KEX) was 4.77%, and its shares gained 50.74% implicit the past 52 weeks. Kirby Corporation (NYSE:KEX) has a marketplace capitalization of $7.66 billion.
Meridian Small Cap Growth Fund stated the pursuing regarding Kirby Corporation (NYSE:KEX) successful its Q1 2026 capitalist letter:
"Kirby Corporation (NYSE:KEX) is the largest home vessel barge relation successful the United States, transporting petrochemicals, refined products, and cultivation chemicals done its inland and coastal marine fleets, with an further organisation and services segment. The institution benefits from a disciplined proviso situation successful the inland marketplace and a rapidly expanding powerfulness procreation backlog. During the quarter, shares precocious arsenic beardown show successful the coastal marine and powerfulness procreation businesses much than offset ongoing pricing unit successful the inland market, portion the important backlog provided assurance successful guardant maturation visibility."
Kirby Corporation (NYSE:KEX) is not connected our database of 40 Most Popular Stocks Among Hedge Funds Heading Into 2026. According to our database, 45 hedge money portfolios held Kirby Corporation (NYSE:KEX) astatine the extremity of the 4th quarter, compared to 46 successful the erstwhile quarter. While we admit the imaginable of Kirby Corporation (NYSE:KEX) arsenic an investment, we judge definite AI stocks connection greater upside imaginable and transportation little downside risk. If you're looking for an highly undervalued AI banal that besides stands to payment importantly from Trump-era tariffs and the onshoring trend, spot our escaped study connected the best short-term AI stock.
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