2 weeks ago
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Soumya Eswaran
Tue, August 11, 2026 astatine 7:43 AM CDT 2 min read
Investment absorption institution Curreen Capital released its second-quarter 2026 Investor letter. A transcript of the missive tin beryllium downloaded here. In the 2nd quarter, the money returned 22.26% compared to 15.20% for the S&P 500 Index. The show was driven by progressive peculiar lawsuit investments, including buying a tender offer, a merger-spinoff, and investments successful affordable turnaround opportunities. The money continues to clasp spinoffs of reliable businesses astatine favorable terms ratios and non-spinoff businesses that are undervalued compared to their downside valuation. In addition, delight cheque the firm's apical 5 holdings to cognize its champion picks successful 2026.
In its Q2 2026 capitalist letter, Curreen Capital highlighted Advance Auto Parts, Inc. (NYSE:AAP). Based successful Raleigh, North Carolina, Advance Auto Parts, Inc. (NYSE:AAP) is an automotive replacement parts and accessories provider. The one-month instrumentality of Advance Auto Parts, Inc. (NYSE:AAP) was 0.58%, and its shares mislaid 5.72% implicit the past 52 weeks. On August 10, 2026, Advance Auto Parts, Inc. (NYSE:AAP) banal closed astatine $55.73 per share, with a marketplace capitalization of $3.36 billion.
Curreen Capital stated the pursuing regarding Advance Auto Parts, Inc. (NYSE:AAP) successful its Q2 2026 capitalist letter:
"Advance Auto Parts, Inc. (NYSE:AAP) is simply a store-based retailer of aftermarket automotive parts and supplies. This includes batteries, windshield wipers and fluid, aerial filters, centrifugal oil, etc. The institution has historically earned decent (approaching 20%) returns connected tangible capital. The institution is attempting a turnaround, and has fixed its equilibrium expanse and is improving operations. Advance Auto presently trades astatine an charismatic upside-to-downside ratio."
Advance Auto Parts, Inc. (NYSE:AAP) is not connected our database of 40 Most Popular Stocks Among Hedge Funds Heading Into 2026. According to our database, 34 hedge money portfolios held Advance Auto Parts, Inc. (NYSE:AAP) astatine the extremity of the archetypal quarter, up from 33 successful the erstwhile quarter. While we admit the imaginable of Advance Auto Parts, Inc. (NYSE:AAP) 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 Advance Auto Parts, Inc. (NYSE:AAP) and shared a bullish thesis on the company. In addition, delight cheque retired our hedge money capitalist letters Q2 2026 page for much capitalist letters from hedge funds and different leading investors.
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Disclosure: None. This nonfiction is primitively published at Insider Monkey.
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