US-based investment company, McIntyre Partnerships, returned -19% gross and -20% net in the first quarter of 2026 compared to the Russell 2000 Value Index’s 5% return. A copy of the letter can be downloaded here. Since inception, the fund has returned ~14% gross and ~10% net per annum, surpassing the benchmark’s return of ~7% per annum. The Q1 results were disappointing for the fund, primarily due to a significant decline in the shares of life science tools and medical device stocks, in which the fund has substantial investments, as well as specific issues related to QDEL, a company in the life science tools sector. By the end of the month, the fund’s exposure was recorded at 123% long, 27% short, and 97% net. In addition, you can check the Strategy’s top 5 holdings to determine its best picks for 2026.
In its first-quarter 2026 investor letter, McIntyre Partnerships highlighted stocks such as Seaport Entertainment Group Inc. (NYSE:SEG). Seaport Entertainment Group Inc. (NYSE:SEG) owns, develops, and operates a portfolio of entertainment and real estate assets. On May 29, 2026, Seaport Entertainment Group Inc. (NYSE:SEG) closed at $25.25 per share. One-month return of Seaport Entertainment Group Inc. (NYSE:SEG) was 10.34%, and its shares gained 25.03% over the past 52 weeks. Seaport Entertainment Group Inc. (NYSE:SEG) has a market capitalization of $318.13 billion.
McIntyre Partnerships stated the following regarding Seaport Entertainment Group Inc. (NYSE:SEG) in its Q1 2026 investor letter:
Beyond QDEL, the fund had mixed results. Seaport Entertainment Group Inc. (NYSE:SEG) rallied modestly as its deal to sell 250 Water Street closed, which, along with the decision to close the Tin Building, has substantially reduced cash burn, restructured the balance sheet, and put SEG on a strong footing for success.
Seaport Entertainment Group Inc. (NYSE:SEG) is not on our list of 40 Most Popular Stocks Among Hedge Funds Heading Into 2026. According to our database, 12 hedge fund portfolios held Seaport Entertainment Group Inc. (NYSE:SEG) at the end of the first quarter, the same as in the previous quarter. While we acknowledge the potential of Seaport Entertainment Group Inc. (NYSE:SEG) 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 Seaport Entertainment Group Inc. (NYSE:SEG) and shared the list of best long-term stocks to buy according to Bill Ackman. In addition, please check out our hedge fund investor letters Q1 2026 page for more investor letters from hedge funds and other leading investors.
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