Calamos Investments, a diversified global asset management firm, released its third-quarter 2026 investor letter for “Calamos Global Equity Fund”. A copy of the letter can be downloaded here. The fund returned 16.57% YTD, outperforming the MSCI World Index and the Morningstar Global Large-Stock Growth category. The fund views the quarterly rotation in AI leadership as a healthy pause after a strong run, with the broader AI buildout remaining in its early stages. In response to increasing macro crosswinds, the strategy is to balance themes and focus on companies benefiting from AI-related investments. Despite rising rates and geopolitical tensions affecting the economy, the fund’s year-to-date performance remains strong. However, in the third quarter, the fund returned -2.87%, lagging behind benchmark indices mainly due to underperformance in the information technology and industrial sectors. Conversely, strategic selections in utilities and materials positively influenced performance. Varying performance across regions underscores the complexity of the current macroeconomic landscape. Additionally, reviewing the Strategy’s top five holdings provides insight into its best positions for 2026.
In its Q3 2026 investor letter, Calamos Global Equity Fund highlighted GE Vernova Inc. (NYSE:GEV). GE Vernova Inc. (NYSE:GEV) is a leading energy company that offers various products and services that generate, transfer, orchestrate, convert, and store electricity. On October 20, 2026, GE Vernova Inc. (NYSE:GEV) closed at $890.33 per share, reflecting a market capitalization of $237.12 billion. GE Vernova Inc. (NYSE:GEV) reported a monthly pullback of 2.84%, while its shares gained 54.57% over the past 52 weeks.
Calamos Global Equity Fund stated the following regarding GE Vernova Inc. (NYSE:GEV) in its Q3 2026 investor letter:
“GE Vernova Inc. (NYSE:GEV) Common Stock | 0.9% of fund as of 8/31/26
Profile: GE Vernova, Inc. is a leader in the electric power industry. Its products and services generate, transfer, orchestrate, convert, and store electricity.
Analysis: GE Vernova shares sold off in the third quarter amid profit-taking across many industrials tied to the AI-capex supply chain. The company reported strong revenue and an order backlog in its most recent financial results, reflecting robust demand for power-generation equipment and energy solutions.”
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GE Vernova Inc. (NYSE:GEV) ranks 29 on our list of 40 Most Popular Stocks Among Hedge Funds Heading Into 2026. According to our database, 106 hedge fund portfolios held GE Vernova Inc. (NYSE:GEV) at the end of the second quarter, down from 118 in the previous quarter. While we acknowledge the risk and potential of GE Vernova Inc. (NYSE:GEV) as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than GE Vernova Inc. (NYSE:GEV) and that has 10,000% upside potential, check out our report about this cheapest AI stock.
Source: finance.yahoo.com — article syndicated from the publisher’s feed; all rights remain with the original publisher.
