Pzena Investment Management recently released its first-quarter 2026 commentary for “Pzena Focused Value Strategy.” A copy of the letter can be downloaded here. The equity market faced challenges in the first quarter due to the Iran conflict and the related energy price hike, compounded by continued AI-related uncertainty. Despite this volatility, energy stocks led the value index higher, but the portfolio fell short of the index and returned -4.7% (net) vs. 2.1% for the Russell 1000 Value Index. Despite the uncertainty, the firm believes that the current environment presents a strong long-term opportunity. In addition, you can check the Fund’s top five holdings to see its best picks for 2026.
In its first-quarter 2026 investor letter, Pzena Focused Value Strategy highlighted stocks like Skyworks Solutions, Inc. (NASDAQ:SWKS). Headquartered in Irvine, California, Skyworks Solutions, Inc. (NASDAQ:SWKS) designs, develops, and manufactures analog and mixed-signal semiconductor products. On June 22, 2026, Skyworks Solutions, Inc. (NASDAQ:SWKS) stock closed at $76.18 per share. One-month return of Skyworks Solutions, Inc. (NASDAQ:SWKS) was -8.68%, and its shares gained 3.76% of their value over the last twelve months. Skyworks Solutions, Inc. (NASDAQ:SWKS) has a market capitalization of $11.46 billion.
Pzena Focused Value Strategy stated the following regarding Skyworks Solutions, Inc. (NASDAQ:SWKS) in its Q1 2026 investor letter:
“We added to our existing position in Skyworks Solutions, Inc. (NASDAQ:SWKS), a leading RF component supplier to smartphone manufacturers, on weakness driven by fears that elevated memory chip pricing could pressure smartphone volumes.”
Skyworks Solutions, Inc. (NASDAQ:SWKS) is not on our list of 40 Most Popular Stocks Among Hedge Funds Heading Into 2026. According to our database, 35 hedge fund portfolios held Skyworks Solutions, Inc. (NASDAQ:SWKS) at the end of the first quarter, compared to 43 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 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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Disclosure: None. This article is originally published at Insider Monkey.
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