The London Company Income Equity Q1 2026: Winners, Laggards And Key Trades

The London Company Income Equity portfolio returned 4.4% (4.2% net) during the quarter vs. a 4.2% decrease in the Russell 1000 Index. GLW continues to outperform, driven by strong demand in Optical Communications, particularly for GenAI-related products. NTDOY was pressured this quarter by rising memory chip prices, a key input of its hardware, and concerns around increased competition in gaming from AI.