Weitz Investment Management, an investment management firm, released its “Large Cap Equity Fund” first-quarter 2026 investor letter. A copy of the letter can be downloaded here. The Fund’s Institutional Class returned -12.04% in the quarter, compared to -4.22% for the Bloomberg U.S. 1000 Index. Despite recent performance challenges, the Fund maintains a positive outlook on its holding companies’ growth and business values. The firm anticipates improved returns in the future, although recent results have been frustrating. The Fund continues to focus on its best ideas and plans to actively reshape the portfolio in response to market conditions, potentially increasing cash levels more than in recent years. In addition, please check the Strategy’s top five holdings to know its best picks in 2026.
In its first-quarter 2026 investor letter, Weitz Investment Large Cap Equity Fund highlighted stocks like Ingersoll Rand Inc. (NYSE:IR). Ingersoll Rand Inc. (NYSE:IR) is an industrial machinery company that provides mission-critical air, fluid, clean energy, and medical technologies services and solutions. On May 12, 2026, Ingersoll Rand Inc. (NYSE:IR) closed at $73.21 per share. One-month return of Ingersoll Rand Inc. (NYSE:IR) was -12.21%, and its shares lost 12.05% over the past 52 weeks. Ingersoll Rand Inc. (NYSE:IR) has a market capitalization of $28.65 billion.
Weitz Investment Large Cap Equity Fund stated the following regarding Ingersoll Rand Inc. (NYSE:IR) in its Q1 2026 investor letter:
“We also added new positions in Ingersoll Rand Inc. (NYSE:IR) and HEICO late in the quarter. We have followed both businesses closely for years. Ingersoll is a multi-industrial company led by a top-tier management team, with diversified exposure to an array of attractive end markets. We liked the earnings setup with their short cycle industrial segments improving, and their longer cycle backlog remaining resilient.”
Ingersoll Rand Inc. (NYSE:IR) is not on our list of 40 Most Popular Stocks Among Hedge Funds Heading Into 2026. According to our database, 37 hedge fund portfolios held Ingersoll Rand Inc. (NYSE:IR) at the end of the fourth quarter, compared to 46 in the previous quarter. While we acknowledge the potential of Ingersoll Rand Inc. (NYSE:IR) as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
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