2 months ago
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Soumya Eswaran
Wed, July 22, 2026 astatine 9:10 AM CDT 3 min read
Deep Sail Capital Partners, an concern absorption company, released its first-quarter 2026 capitalist letter. A transcript of the missive tin beryllium downloaded here. In the 2nd quarter, the money importantly outperformed some of its benchmarks, the Russell 2000 Mid Cap Growth Index and the Russell 2000 Index, returning 41.6% nett of fees portion averaging 88% nett agelong exposure. YTD, the money returned 16.5% nett of fees. agelong portfolio importantly outperformed some benchmarks, portion the abbreviated portfolio was mixed successful the quarter. The missive states that determination was a notable show propulsion successful Q1, which was reflected successful Q2, driven by some the Iran War and idiosyncratic impacts connected positions successful the fund. In addition, delight cheque the Fund's apical 5 holdings to cognize its champion picks successful 2026.
In its Q2 2026 capitalist letter, Deep Sail Capital Partners highlighted Credo Technology Group Holding Ltd (NASDAQ:CRDO) arsenic a notable show contributor. Credo Technology Group Holding Ltd (NASDAQ:CRDO) is simply a semiconductor institution that provides high-speed connectivity solutions for optical and electrical Ethernet and PCIe applications. On July 21, 2026, Credo Technology Group Holding Ltd (NASDAQ:CRDO) closed astatine $223.87 per share. One-month instrumentality of Credo Technology Group Holding Ltd (NASDAQ:CRDO) was -16.77%, and its shares gained 127.49% implicit the past 52 weeks. Credo Technology Group Holding Ltd (NASDAQ:CRDO) has a marketplace capitalization of $41.75 billion.
Deep Sail Capital Partners stated the pursuing regarding Credo Technology Group Holding Ltd (NASDAQ:CRDO) successful its Q2 2026 capitalist update:
"There were a fewer ample detractors astatine the extremity of the Q1 that person reversed successful Q2 including our 2 biggest contributors successful Q2 Credo Technology Group Holding Ltd (NASDAQ:CRDO) and Amplitech. Credo Technologies was down implicit 50% from its ATH by the extremity of March connected the communicative that "Copper is dead" successful information centers. That communicative has since changed successful Q2 with the marketplace opening to recognize that Credo's ZeroFlap optics level is simply a existent 2nd limb for the institution and the acquisition of Dust Photonics, an integrated circuit optics company, makes Credo a viable optics player. The institution returned 191% successful Q2. I proceed to presumption the institution favorably connected a maturation and valuation ground and it is 1 of the fund's largest holdings."
Credo Technology Group Holding Ltd (NASDAQ:CRDO) is not connected our database of 40 Most Popular Stocks Among Hedge Funds Heading Into 2026. According to our database, 59 hedge money portfolios held Credo Technology Group Holding Ltd (NASDAQ:CRDO) astatine the extremity of the archetypal quarter, compared to 69 successful the erstwhile quarter. While we admit the imaginable of Credo Technology Group Holding Ltd (NASDAQ:CRDO) 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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