1 week ago
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Soumya Eswaran
Wed, June 3, 2026 astatine 9:29 AM CDT 3 min read
The Wasatch Long/Short Alpha Fund, managed by Wasatch Global Advisors, has precocious published its Q1 2026 capitalist letter, which is disposable to download here. A displacement successful capitalist sentiment led to a marketplace correction and accrued volatility successful U.S. small- and mid-cap stocks during the archetypal quarter. Despite this, enthusiasm for AI continued to enactment companies progressive successful infrastructure development. The concern intensified successful the 4th owed to the struggle successful Iran, causing investors to see the imaginable for rising lipid prices and their wider implications connected the planetary economy. In this context, the Russell 2500 Index returned 2.04% successful the quarter, portion the Wasatch Long/Short Alpha Fund—Investor Class surpassed this show with a emergence of 4.16%, supported by the outperformance of its abbreviated positions. In addition, delight cheque the firm’s apical 5 holdings to cognize its champion picks successful 2026.
In its first-quarter 2026 capitalist letter, Wasatch Long/Short Alpha Fund highlighted RBC Bearings Incorporated (NYSE:RBC) arsenic a notable contributor. RBC Bearings Incorporated (NYSE:RBC) is an concern institution that focuses connected manufacturing and selling engineered precision bearings, components, and systems for aerospace, defense, and concern markets. On June 2, 2026, RBC Bearings Incorporated (NYSE:RBC) closed astatine $578.34 per share. One-month instrumentality of RBC Bearings Incorporated (NYSE:RBC) was 2.21%, and its shares gained 75.10% implicit the past 52 weeks. RBC Bearings Incorporated (NYSE:RBC) has a marketplace capitalization of $18.29 billion.
Wasatch Long/Short Alpha Fund stated the pursuing regarding RBC Bearings Incorporated (NYSE:RBC) successful its Q1 2026 capitalist letter:
"In the archetypal quarter, 1 of the largest contributors among our agelong positions was RBC Bearings Incorporated (NYSE:RBC) . The institution is simply a U.S. concern shaper of highly engineered precision bearings and components utilized successful captious aerospace, defense, concern and vigor applications. Companies tied to the aerospace and defence industries tended to person beardown stock-price show successful the archetypal quarter, arsenic investors anticipated higher request for their products successful a much geopolitically volatile environment. Separately, fundamentals for RBC Bearings stay strong, and we proceed to similar the maturation imaginable of this longtime holding."
RBC Bearings Incorporated (NYSE:RBC) 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 RBC Bearings Incorporated (NYSE:RBC) astatine the extremity of the archetypal quarter, up from 38 successful the erstwhile quarter. RBC Bearings Incorporated's (NYSE:RBC) nett income for the 4th fourth of fiscal 2026 roseate by 18.3% year-over-year, reaching $518 million, fueled by ongoing spot successful its A&D segment, arsenic good arsenic accordant enlargement successful its Industrial businesses. While we admit the imaginable of RBC Bearings Incorporated (NYSE:RBC) 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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