1 day ago
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Soumya Eswaran
Tue, May 19, 2026 astatine 8:06 AM CDT 3 min read
Optimist Fund, an concern absorption company, released its first-quarter 2026 capitalist letter. A transcript of the missive tin beryllium downloaded here. The Fund’s nonsubjective is to execute superior maturation astatine a complaint successful the mid-teens oregon higher implicit the people of respective decades. In Q1 2026, the Fund declined 27.3%, driven by a swift displacement successful the marketplace communicative amid fears of AI disruption and the outbreak of warfare successful Iran. The money views this drawdown arsenic an accidental to fortify the halfway holdings astatine much charismatic prices. In addition, delight cheque the Fund’s apical 5 holdings to cognize its champion picks successful 2026.
In its first-quarter 2026 capitalist letter, Optimist Fund highlighted stocks similar monday.com Ltd. (NASDAQ:MNDY). monday.com Ltd. (NASDAQ:MNDY) develops bundle applications and enactment absorption tools. On May 18, 2026, monday.com Ltd. (NASDAQ:MNDY) banal closed astatine $78.04 per share. One-month instrumentality of monday.com Ltd. (NASDAQ:MNDY) was 15.00%, and its shares mislaid 74.16% implicit the past 52 weeks. monday.com Ltd. (NASDAQ:MNDY) has a marketplace capitalization of $4.02 billion.
Optimist Fund stated the pursuing regarding Monday.com Ltd. (NASDAQ:MNDY) successful its Q1 2026 capitalist letter:
"Monday.com Ltd. (NASDAQ:MNDY) – We maintained a presumption successful Monday.com into 2026, believing absorption could execute against the objectives they had outlined successful the autumn of 2025.
Following the company’s fourth-quarter net merchandise successful February, we exited the position. Results came successful beneath our expectations, and much importantly, absorption was incapable to intelligibly articulate changing trends occurring wrong the business.
When we suffer assurance successful the clarity and reliability of management’s communication, we exit. That is what we person done here."
monday.com Ltd. (NASDAQ:MNDY) is not connected our database of 40 Most Popular Stocks Among Hedge Funds Heading Into 2026. According to our database, 51 hedge money portfolios held monday.com Ltd. (NASDAQ:MNDY) astatine the extremity of the 4th quarter, up from 55 successful the erstwhile quarter. In Q1 2026, monday.com Ltd. (NASDAQ:MNDY) achieved gross of $351 million, an summation of 24% from the twelvemonth agone quarter. While we admit the imaginable of Monday.com Ltd. (NASDAQ:MNDY) 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.
In another article, we covered Monday.com Ltd. (NASDAQ:MNDY) and shared the database of champion Middle East and Africa stocks to bargain according to hedge funds. In addition, delight cheque retired our hedge money capitalist letters Q1 2026 page for much capitalist letters from hedge funds and different starring investors.
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