Allspring Growth Fund Q1 2026 Contributors And Detractors

Comfort Systems USA entered 2026 with a robust backlog and high visibility into projected revenue for complex projects, benefiting from increased adoption of its modular solutions manufactured offsite. Vertiv Holdings Co. benefited from a sharp acceleration of growth in its order book and continued ability to win market share from legacy players in the cooling space. Quanta Services, Inc. performed well during the quarter following a strong earnings beat and record backlog, as power infrastructure became a critical bottleneck in the build-out of AI.