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7 hours ago
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The London Company Mid Cap Portfolio Sold Skyworks Solutions (SWKS) in Q2. Here's Why
The London Company, an investment management company, released 'The London Company Mid Cap Strategy' second quarter 2025 investor letter. A copy of the letter can be downloaded here. US equities saw a double-digit surge in the second quarter following a sharp decline in the first quarter. The mid-cap composite rose 5.7% (5.5% net) in the second quarter, falling short of the Russell Midcap Index's 8.5% increase. Please review the fund's top 5 holdings to gain insight into their key selections for 2025. In its second quarter 2025 investor letter, The London Company Mid Cap Strategy highlighted stocks such as Skyworks Solutions, Inc. (NASDAQ:SWKS). Headquartered in Irvine, California, Skyworks Solutions, Inc. (NASDAQ:SWKS) designs, develops, and manufactures semiconductor products. The one-month return of Skyworks Solutions, Inc. (NASDAQ:SWKS) was -7.98%, and its shares lost 36.68% of their value over the last 52 weeks. On July 29, 2025, Skyworks Solutions, Inc. (NASDAQ:SWKS) stock closed at $71.94 per share, with a market capitalization of $10.8 billion. The London Company Mid Cap Strategy stated the following regarding Skyworks Solutions, Inc. (NASDAQ:SWKS) in its second quarter 2025 investor letter: "Exited: Skyworks Solutions, Inc. (NASDAQ:SWKS) – Sold remaining position reflecting greater competition, client concentration, and recent management changes. We first purchased SWKS in late 2018. Shares of SWKS did well in the early years of our holding period, but the stock underperformed the broader market in recent years. While it is frustrating to sell on weakness, the recent loss of exclusivity on an iPhone 17 component with Apple highlights a significant risk to the firm. Apple represents over 60% of revenue to SWKS, so any change in the relationship is meaningful. This is the second loss of a component used in iPhones in recent years and is a sign of greater competition from large players like Qualcomm and Broadcom. SWKS also recently fired their CEO, which is another risk in the future. We decided to sell based on these concerns." A technician using a specialized tool to mount a wireless analog system on chip. Skyworks Solutions, Inc. (NASDAQ:SWKS) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 31 hedge fund portfolios held Skyworks Solutions, Inc. (NASDAQ:SWKS) at the end of the first quarter, which was 31 in the previous quarter. While we acknowledge the potential of Skyworks Solutions, Inc. (NASDAQ:SWKS) 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. In another article, we covered Skyworks Solutions, Inc. (NASDAQ:SWKS) and shared the list of most oversold semiconductor stocks so far in 2025. Skyworks Solutions, Inc. (NASDAQ:SWKS) detracted from The London Company Mid Cap Strategy's performance in Q1 2025 due to a major shift in its relationship with Apple. In addition, please check out our hedge fund investor letters Q2 2025 page for more investor letters from hedge funds and other leading investors. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
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7 hours ago
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Here's Why Churchill Downs Incorporated (CHDN) Traded Down in Q2
The London Company, an investment management company, released 'The London Company Mid Cap Strategy' second quarter 2025 investor letter. A copy of the letter can be downloaded here. US equities saw a double-digit surge in the second quarter following a sharp decline in the first quarter. The mid-cap composite rose 5.7% (5.5% net) in the second quarter, falling short of the Russell Midcap Index's 8.5% increase. Please review the fund's top 5 holdings to gain insight into their key selections for 2025. In its second quarter 2025 investor letter, The London Company Mid Cap Strategy highlighted stocks such as Churchill Downs Incorporated (NASDAQ:CHDN). Churchill Downs Incorporated (NASDAQ:CHDN) is a US-based racing, online wagering, and gaming entertainment company. The one-month return of Churchill Downs Incorporated (NASDAQ:CHDN) was 5.38%, and its shares lost 22.96% of their value over the last 52 weeks. On July 29, 2025, Churchill Downs Incorporated (NASDAQ:CHDN) stock closed at $110.60 per share, with a market capitalization of $7.756 billion. The London Company Mid Cap Strategy stated the following regarding Churchill Downs Incorporated (NASDAQ:CHDN) in its second quarter 2025 investor letter: "Churchill Downs Incorporated (NASDAQ:CHDN) – CHDN has underperformed due to weakness in regional gaming, concern about consumer spending, and lower Derby profitability y/y. We note that the Derby was facing the 150th anniversary last year, and we continue to like CHDN, its highly cash-generative assets, track record of good capital allocation, and opportunities to reinvest in the business at attractive returns. A city skyline looking down on a busy racetrack with jockeys on horseback. Churchill Downs Incorporated (NASDAQ:CHDN) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 39 hedge fund portfolios held Churchill Downs Incorporated (NASDAQ:CHDN) at the end of the first quarter, which was 41 in the previous quarter. In the second quarter of 2025, Churchill Downs Incorporated (NASDAQ:CHDN) delivered all-time record net revenue of $934 million and all-time record adjusted EBITDA of $451 million. While we acknowledge the potential of Churchill Downs Incorporated (NASDAQ:CHDN) 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. In another article, we covered Churchill Downs Incorporated (NASDAQ:CHDN) and shared the list of stocks expected to beat the market by 20 percentage points this year. In addition, please check out our hedge fund investor letters Q2 2025 page for more investor letters from hedge funds and other leading investors. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None. This article is originally published at Insider Monkey.
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7 hours ago
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Here's Why Entegris (ENTG) Declined in Q2
The London Company, an investment management company, released 'The London Company Mid Cap Strategy' second quarter 2025 investor letter. A copy of the letter can be downloaded here. US equities saw a double-digit surge in the second quarter following a sharp decline in the first quarter. The mid-cap composite rose 5.7% (5.5% net) in the second quarter, falling short of the Russell Midcap Index's 8.5% increase. Please review the fund's top 5 holdings to gain insight into their key selections for 2025. In its second quarter 2025 investor letter, The London Company Mid Cap Strategy highlighted stocks such as Entegris, Inc. (NASDAQ:ENTG). Headquartered in Billerica, Massachusetts, Entegris, Inc. (NASDAQ:ENTG) offers materials and process solutions for the semiconductor and other high-technology industries. The one-month return of Entegris, Inc. (NASDAQ:ENTG) was 7.28%, and its shares lost 21.59% of their value over the last 52 weeks. On July 29, 2025, Entegris, Inc. (NASDAQ:ENTG) stock closed at $92.85 per share with a market capitalization of $14.057 billion. The London Company Mid Cap Strategy stated the following regarding Entegris, Inc. (NASDAQ:ENTG) in its second quarter 2025 investor letter: "Entegris, Inc. (NASDAQ:ENTG) – ENTG continues to be weak due to challenges from underutilized mainstream fabs, less visibility in older technology, and weaker capex-driven demand. ENTG's solutions for advanced technology and incremental wafer content gains continue to trend upward. ENTG is one of the most diversified players in the semi-materials industry, with its size and scale. We remain attracted to the industry's high barriers to entry, limited competitors, and high switching costs." A technician in a specialized cleanroom suit, preparing a microcontamination control pipeline. Entegris, Inc. (NASDAQ:ENTG) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 37 hedge fund portfolios held Entegris, Inc. (NASDAQ:ENTG) at the end of the first quarter compared to 47 in the previous quarter. While we acknowledge the potential of Entegris, Inc. (NASDAQ:ENTG) 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. In another article, we covered Entegris, Inc. (NASDAQ:ENTG) and shared Sands Capital Global Growth Fund's views on the company in the previous quarter. The London Company Mid Cap Strategy increased its stakes in Entegris, Inc. (NASDAQ:ENTG) in the previous quarter. In addition, please check out our hedge fund investor letters Q2 2025 page for more investor letters from hedge funds and other leading investors. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None. This article is originally published at Insider Monkey.
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7 hours ago
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Dollar Tree (DLTR) Rose Following the Divestiture
The London Company, an investment management company, released 'The London Company Mid Cap Strategy' second quarter 2025 investor letter. A copy of the letter can be downloaded here. US equities saw a double-digit surge in the second quarter following a sharp decline in the first quarter. The mid-cap composite rose 5.7% (5.5% net) in the second quarter, falling short of the Russell Midcap Index's 8.5% increase. Please review the fund's top 5 holdings to gain insight into their key selections for 2025. In its second quarter 2025 investor letter, The London Company Mid Cap Strategy highlighted stocks such as Dollar Tree, Inc. (NASDAQ:DLTR). Dollar Tree, Inc. (NASDAQ:DLTR) is a discount retailer. The one-month return of Dollar Tree, Inc. (NASDAQ:DLTR) was 11.63%, and its shares gained 10.21% of their value over the last 52 weeks. On July 29, 2025, Dollar Tree, Inc. (NASDAQ:DLTR) closed at $114.99 per share, with a market capitalization of $23.998 billion. The London Company Mid Cap Strategy stated the following regarding Dollar Tree, Inc. (NASDAQ:DLTR) in its second quarter 2025 investor letter: "Dollar Tree, Inc. (NASDAQ:DLTR) – DLTR was a top performer after it reached an agreement in March to sell its underperforming Family Dollar business, a decade-long drag on growth and margins. This divestiture has driven a stock re-rating, reflecting a higher-quality company focused on value creation at the Dollar Tree banner. The recent elimination of the de minimis exemption has yielded positive sentiment towards retailers like DLTR. We remain attracted to its pricing flexibility and margin enhancement opportunity. A shopper browsing through a discount retailers merchandise aisle filled with a wide variety of items. Dollar Tree, Inc. (NASDAQ:DLTR) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 67 hedge fund portfolios held Dollar Tree, Inc. (NASDAQ:DLTR) at the end of the first quarter, which was 64 in the previous quarter. While we acknowledge the potential of Dollar Tree, Inc. (NASDAQ:DLTR) 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. In another article, we covered Dollar Tree, Inc. (NASDAQ:DLTR) and shared the list of defensive stocks billionaires are buying amid US trade tariff uncertainty. In addition, please check out our hedge fund investor letters Q2 2025 page for more investor letters from hedge funds and other leading investors. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
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a day ago
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The London Company SMID Cap Sold Cannae Holdings (CNNE) Due to Thesis Mismatch
The London Company, an investment management company, released 'The London Company SMID Cap Strategy' second quarter 2025 investor letter. A copy of the letter can be downloaded here. Following a downturn in Q1, U.S. stocks experienced a double-digit gain in Q2, amid volatility stemming from tariff news. A risk-on rally followed due to a temporary pause in tariff escalations, widespread optimism around enterprise AI, and a healthy earnings outlook. Against this backdrop, the portfolio fell 0.6% (-0.8% net) during the second quarter vs. an 8.6% increase in the Russell 2500 Index. Sector allocation contributed to the fund's performance in the quarter, while stock selection detracted. Please review the fund's top 5 holdings to gain insight into their key selections for 2025. In its second quarter 2025 investor letter, The London Company SMID Cap Strategy highlighted stocks such as Cannae Holdings, Inc. (NYSE:CNNE). Cannae Holdings, Inc. (NYSE:CNNE) is a principal investment firm. The one-month return of Cannae Holdings, Inc. (NYSE:CNNE) was 3.93%, and its shares gained 8.51% of their value over the last 52 weeks. On July 28, 2025, Cannae Holdings, Inc. (NYSE:CNNE) stock closed at $21.67 per share, with a market capitalization of $1.36 billion. The London Company SMID Cap Strategy stated the following regarding Cannae Holdings, Inc. (NYSE:CNNE) in its second quarter 2025 investor letter: "Exited: Cannae Holdings, Inc. (NYSE:CNNE) - Underperformed in recent years and was only 1% of the portfolio. Our initial thesis centered on Bill Foley's ability to create value and the most valuable asset of CNNE was Dun & Bradstreet. That investment has not worked out and CNNE shares have lagged the broader market. We elected to sell the remaining position." A financial analyst at a trading desk, monitoring large scale investments in real-time. Cannae Holdings, Inc. (NYSE:CNNE) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 27 hedge fund portfolios held Cannae Holdings, Inc. (NYSE:CNNE) at the end of the first quarter which was 29 in the previous quarter. While we acknowledge the potential of Cannae Holdings, Inc. (NYSE:CNNE) 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. In another article, we covered Cannae Holdings, Inc. (NYSE:CNNE) and shared The London Company Small Cap Strategy's views on the company in the previous quarter. In addition, please check out our hedge fund investor letters Q2 2025 page for more investor letters from hedge funds and other leading investors. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
