Letters by company

Analog Devices INC

2 letters discussing ADI. Everything written about it on this site is on its ticker page.

FPA Crescent Fund FPA Crescent Fund 2Q26 Commentary FPA Crescent Fund scaled back semiconductor, hyperscaler and connector exposure as AI-driven valuations and capital spending left little margin of safety. The fund added 14 largely AI-agnostic mid-cap companies, including specialty chemical distributors and biotech-equipment businesses, seeking durable growth, strong balance sheets and conservative valuations. 2Q26 028260 $42BADI $197BNTDOF $57B
Fenimore Asset Management Q2 2026 Quarterly Investment Commentary Fenimore added Ryan Specialty, Thermo Fisher Scientific, and Tyler Technologies while trimming or exiting selected holdings to fund higher-conviction opportunities. The firm argues that AI infrastructure demand favored semiconductor-linked businesses, while volatility in software, outsourcing, and defensive stocks created entry points for companies with durable competitive positions. Q2 2026 BOC $392MBR $18BEXLS $5.5B