Letters by company
Aaon, INC.
10 letters discussing AAON. Everything written about it on this site is on its ticker page.
- Wasatch Global Investors — Small Cap Growth Strategy Commentary Wasatch Small Cap Growth favored profitable, self-financing businesses as rising rates and an AI-related sell-off pressured small caps. Paymentus, Repligen and Global-e supported results, while AAON, Nova and Dutch Bros detracted despite management's continued confidence in their operating fundamentals and long-term growth prospects. third quarter 2026 AAON $6.3BBROS $4.8BGLBE $7.1B
- Madison Investments — Small Cap Fund Madison Small Cap Fund Investment Strategy Letter Madison Small Cap Fund harvested semiconductor gains, added software exposure and initiated positions in Bentley Systems and Alphatec after AI-disruption concerns compressed valuations. It exited Baldwin Insurance Group following its takeover, sold WillScot amid weak construction conditions, and left FormFactor on valuation. The managers favor profitable franchises with durable margins while reducing construction exposure until rates ease. third quarter 2026 AAON $6.3BATEC $1.1BBSY $13B
- Conestoga Capital Advisors 3Q26 Quarterly Commentary Conestoga argues that elevated inflation, higher Treasury yields and shifting Federal Reserve expectations are moving market leadership toward durable, high-quality growth businesses. The firm added Allegro Microsystems, Cavco and VSE while exiting Bright Horizons and Workiva, citing semiconductor content growth, affordable-housing demand, aviation aftermarket demand and changing AI-disruption risks. 3Q26 AAON $6.3BALGM $6BBFAM $2.5B
- Spyglass Capital Management Q3 2026 - Spyglass Investor Letter Spyglass added TKO Group Holdings and sold Fair Isaac, reallocating capital toward TKO’s wholly owned UFC and WWE intellectual property and long-term media-rights potential. The portfolio added to AppLovin, AAON and QXO while trimming Snowflake and Illumina, maintaining conviction that profitable growth companies can outgrow temporary geopolitical and AI-driven market dislocations. Third Quarter 2026 AAON $6.3BAPP $134BCHYM $13B
- Mawer Investment Management Mawer Quarterly Mawer Investment Management added selectively to AI-infrastructure beneficiaries, then trimmed positions whose prices had outrun fundamentals, including SK Hynix and Amphenol. It exited Wolters Kluwer and Kone, added to Shopify on weakness, and redeployed Canadian bank proceeds toward Onex, Intact Financial and other diversified financial and infrastructure businesses. Second Quarter 2026 2059 $24B402340 $77BAAON $6.3B
- Baird Equity Asset Management Q2 2026 Commentary and Market Outlook Baird Small/Mid Cap Growth added software, AI-infrastructure industrials and commercial-stage therapeutics while exiting holdings where conviction or the original thesis had weakened. The strategy argues that data-center spending supports demand for cooling, power and infrastructure, but maintains discipline as AI-led market leadership becomes increasingly concentrated. Q2 2026 AAON $6.3BAGYS $3.5BALKS $8B
- Conestoga Capital Advisors 2Q26 Quarterly Commentary Conestoga attributes its lag to a concentrated AI and high-beta rally, while retaining a quality-growth posture and expecting leadership to broaden as supply constraints ease and monetary policy tightens. It added energy and power-infrastructure names including Kodiak Gas Services, Magnolia Oil & Gas and Perimeter Solutions, and exited BlackLine, CCC Intelligent Solutions and other positions. 2Q26 AAON $6.3BAORT $981MBCPC $5.5B
- Value Line Funds Portfolio Manager Q&A: Value Line Small Cap Opportunities Fund Value Line Small Cap Opportunities Fund retained its preference for companies with consistent earnings and stable share prices as speculative small caps led late-quarter trading. It added Materion and IDT for semiconductor and money-transfer exposure, while exiting Exponent, SiteOne, Badger Meter, MACOM and TopBuild after weaker results, stock gains or TopBuild’s acquisition. 3rd Quarter 2026 —
- Value Line Funds Value Line Small Cap Opportunities Fund Portfolio Manager Q&A Value Line Small Cap Opportunities Fund retained its quality-focused process as speculative AI and biotechnology shares led the small-cap market. The fund added Old Republic, The New York Times, Murphy USA and Ryder System, while exiting Acuity Brands, Wingstop, American States Water and Churchill Downs to concentrate capital in higher-conviction ideas. 2nd Quarter 2026 —
- Palm Valley Capital Surviving the Game (Red, White and Blue Edition) Palm Valley Capital Fund bought Resources Connection for its clean balance sheet and depressed valuation, sold Kelly Services after an opaque acquisition, and retained TrueBlue and ManpowerGroup on a cyclical staffing recovery thesis. With 81.4% in cash equivalents, it favors battered small caps with solid balance sheets and maintains precious-metals exposure through Sprott trusts amid concerns about elevated quality-stock valuations. Second Quarter 2024 CRI $1.3BDOX $4.5BKELYA $481M
