Rowan Street Capital, an funding administration firm, launched its Q1 2026 investor letter. A replica of the letter may be downloaded here. The Fund’s efficiency remained steady within the second quarter, with the portfolio declining about 1$ from the primary quarter, leading to a internet return of -21% for the second half of 2026. Despite the inventory costs of a number of holdings dealing with strain in 2026, the underlying companies have carried out successfully, marking a development the place inventory costs could not align with enterprise efficiency. This divergence is typical in long-term investing, as enterprise efficiency finally drives funding returns. Rowan Street emphasizes endurance, conviction, and lengthy‑time period enterprise efficiency over brief‑time period market enthusiasm. In addition, please verify the Fund’s prime 5 holdings to know its finest picks in 2026.
In its Q2 2026 investor letter, Rowan Street Capital highlighted Meta Platforms, Inc. (NASDAQ:META). Meta Platforms, Inc. (NASDAQ:META), the father or mother firm of dominant social media platforms, is a multinational expertise firm that develops merchandise to attach folks. On July 31, 2026, Meta Platforms, Inc. (NASDAQ:META) closed at $556.71 per share. The one-month return for Meta Platforms, Inc. (NASDAQ:META) was -7.26%, and its shares misplaced 28.29% over the previous 52 weeks. Meta Platforms, Inc. (NASDAQ:META) has a market capitalization of $1.42 trillion.
Rowan Street Capital said the next relating to Meta Platforms, Inc. (NASDAQ:META) in its Q2 2026 investor replace:
“Meta Platforms, Inc. (NASDAQ:META) delivered another exceptional first half of 2026. Revenue grew 33% year over year to $56.3 billion in the first quarter, followed by another 28% increase to $60.8 billion in the second quarter. First-half revenue reached approximately $117 billion, while trailing twelve-month revenue surpassed $228 billion, up 26% year over year. Meta’s Family of Apps now serves approximately 3.6 billion people each day.
Perhaps most encouraging, the company’s AI investments are already producing measurable results across engagement and advertising. Instagram time spent grew at a double-digit rate, while Facebook video time increased 9%, driven largely by improvements in AI-powered recommendations. At the same time, ad impressions increased 14% and the average price per ad rose 12%, helping Family of Apps advertising revenue grow 27% during the second quarter….” (Click here to read the full text)
Meta Platforms, Inc. (NASDAQ:META) holds fifth place on our checklist of 40 Most Popular Stocks Among Hedge Funds Heading Into 2026. According to our database, 262 hedge fund portfolios held Meta Platforms, Inc. (NASDAQ:META) on the finish of the primary quarter, in comparison with 256 within the earlier quarter. Meta Platforms, Inc. (NASDAQ:META) reported complete Q1 2026 revenue of $56.3 billion, up 33% or 29% on a continuing foreign money foundation. While we acknowledge the potential of Meta Platforms, Inc. (NASDAQ:META) as an funding, we consider sure AI shares provide higher upside potential and carry much less draw back threat. If you are on the lookout for an especially undervalued AI inventory that additionally stands to learn considerably from Trump-era tariffs and the onshoring development, see our free report on the best short-term AI stock.
