- Farmer Browne and Old MacDonald SMID Cap Core attributed its shortfall chiefly to Flex’s AI-related selloff, while retaining a sizable stake after trimming it because management expects its planned business separation to add value. The strategy added Seadrill, citing a prospective tightening in offshore-rig supply and demand, and emphasized bottom-up diversification across business-life-cycle baskets. 3Q 2026 FLEX $29B
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