2 weeks ago
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Soumya Eswaran
Tue, August 11, 2026 astatine 8:14 AM CDT 2 min read
Merion Road Capital Management, an concern advisor, released its Q2 2026 Investor Letter. A transcript of the missive tin beryllium downloaded here. Merion Road's long-only large-cap portfolio accrued 3.9% successful the quarter, with YTD show remaining flat. Despite underperforming the S&P, the strategy focuses connected established concern companies with beardown maturation imaginable and charismatic currency travel multiples, avoiding trendy sectors similar AI. However, its Merion Road Small Cap Fund excelled, up +16.6% this 4th and implicit 20% year-to-date, driven by gains from semipermanent holdings and beardown show from Frequency Electronics, contempt immoderate losses from speculative positions and ETF hedges. Please reappraisal the Strategy's apical 5 holdings to summation insights into their cardinal selections for 2026.
In its Q2 2026 capitalist letter, Merion Road Capital Management highlighted Honeywell Aerospace Inc. (NASDAQ:HONA). Honeywell Aerospace Inc. (NASDAQ:HONA), spun disconnected from Honeywell International successful June 2026, manufactures and supplies craft components, avionics, engines, and systems. On August 10, 2026, Honeywell Aerospace Inc. (NASDAQ:HONA) closed astatine $163.09 per share, reflecting a marketplace capitalization of $51.69 billion. Honeywell Aerospace Inc. (NASDAQ:HONA) posted a one‑month instrumentality of ‑21.41%.
Merion Road Capital Management stated the following regarding Honeywell Aerospace Inc. (NASDAQ:HONA) successful its Q2 2026 capitalist letter:
"At quarter-end Honeywell completed the separation of its aerospace division. Trading successful Honeywell Aerospace Inc. (NASDAQ:HONA) has been lackluster arsenic sell-side analysts person enactment retired uninspiring initiation reports chiefly noting the company's little maturation trajectory successful examination to its adjacent set. I judge this, on with blimpish guidance issued by management, set's a debased barroom for the institution implicit the adjacent respective years. This blimpish guidance is understandable arsenic the squad would person small inducement (financially oregon reputationally) to contented thing that they cannot beat. Meanwhile the banal has settled successful astatine a valuation aggregate beneath its peer-set and charismatic connected an implicit basis. I person been adding this month."
Honeywell Aerospace Inc. (NASDAQ:HONA) is not connected our database of 40 Most Popular Stocks Among Hedge Funds Heading Into 2026. While we admit the imaginable of Honeywell Aerospace Inc. (NASDAQ:HONA) 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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