McIntyre Partnerships Sold Its Position in ICON Public Limited Company (ICLR). Here’s Why

1 hour ago 2

Soumya Eswaran

Mon, June 1, 2026 astatine 11:36 AM CDT 3 min read

US-based concern company, McIntyre Partnerships, returned -19% gross and -20% nett successful the archetypal 4th of 2026 compared to the Russell 2000 Value Index’s 5% return. A transcript of the missive tin beryllium downloaded here. Since inception, the money has returned ~14% gross and ~10% nett per annum, surpassing the benchmark’s instrumentality of ~7% per annum. The Q1 results were disappointing for the fund, chiefly owed to a important diminution successful the shares of beingness subject tools and aesculapian instrumentality stocks, successful which the money has important investments, arsenic good arsenic circumstantial issues related to QDEL, a institution successful the beingness subject tools sector. By the extremity of the month, the fund's vulnerability was recorded astatine 123% long, 27% short, and 97% net. In addition, you tin cheque the Strategy’s apical 5 holdings to find its champion picks for 2026.

In its first-quarter 2026 capitalist letter, McIntyre Partnerships highlighted stocks similar ICON Public Limited Company (NASDAQ:ICLR). ICON Public Limited Company (NASDAQ:ICLR) is simply a objective probe enactment that provides outsourced improvement and commercialization services to the pharmaceutical, biotechnology, and aesculapian instrumentality industries. On May 29, 2026, ICON Public Limited Company (NASDAQ:ICLR) banal closed astatine $136.07 per share. One-month instrumentality of ICON Public Limited Company (NASDAQ:ICLR) was 20.42%, and its shares gained 4.60% implicit the past 52 weeks. ICON Public Limited Company (NASDAQ:ICLR) has a marketplace capitalization of astir $10.31 billion.

McIntyre Partnerships stated the pursuing regarding ICON Public Limited Company (NASDAQ:ICLR) successful its Q1 2026 capitalist letter:

"In the winners column, CC, ICON Public Limited Company (NASDAQ:ICLR), and SEG contributed 100-500bps. We besides had a palmy commercialized successful ICLR astir its accounting restatement. While I similar ICLR’s concern and deliberation its shares are attractively priced, I did not privation to summation our vulnerability to healthcare, which accounts for implicit 50% of the fund’s capital, truthful I exited the presumption aft it partially rallied back."

Among Small-Cap Healthcare Stocks Hedge Funds is Buying

ICON Public Limited Company (NASDAQ:ICLR) is not connected our database of 40 Most Popular Stocks Among Hedge Funds Heading Into 2026. According to our database, 49 hedge money portfolios held ICON Public Limited Company (NASDAQ:ICLR) astatine the extremity of the archetypal quarter, up from 41 successful the erstwhile quarter. While we admit the imaginable of ICON Public Limited Company (NASDAQ:ICLR) 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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