Liontrust Investment Partners recently released its “Global Innovation Fund” Q3 2026 investor letter. A copy of the letter can be downloaded here. The Fund returned -1.6% in the third quarter of 2026, compared with gains of 0.4% for the IA Global sector average and 1.5% for the MSCI AC World Index. Despite the quarterly decline, the Fund returned 19.4% year to date, outperforming both benchmarks and ranking 41st among 576 funds in its sector. The managers attributed the quarter’s volatility to a sharp disconnect between share prices and underlying business performance, particularly across the semiconductor and AI infrastructure industries. Around $3 trillion was wiped from semiconductor market capitalizations in July, even as customers continued making advance payments to secure supply and US companies reported their strongest earnings season in five years. The managers remain constructive on the AI investment cycle, emphasizing the importance of companies supplying computing hardware, power, and infrastructure, while continuing to seek attractive entry points amid higher bond yields and changing market valuations. In addition, please check the Fund’s top five holdings to know its best picks in 2026.
In its third-quarter 2026 investor letter, Liontrust Global Innovation Fund highlighted stocks like Bloom Energy Corporation (NYSE:BE). Bloom Energy Corporation (NYSE:BE) designs and manufactures solid oxide fuel cell systems for on-site electricity generation. The one-month return of Bloom Energy Corporation (NYSE:BE) was -26.41% while its shares traded between $75.70 and $351.28 over the last 52 weeks. On November 9th, 2026, Bloom Energy Corporation (NYSE:BE) stock closed at approximately $197.16 per share, with a market capitalization of about $57.32 billion.
Liontrust Global Innovation Fund stated the following regarding Bloom Energy Corporation (NYSE:BE) in its Q3 2026 investor letter:
“Bloom Energy Corporation (NYSE:BE) (-9%), whose fuel cells can put 100MW of power on a data centre site in around 90 days, was the top contributor to Fund performance in the quarter, adding 0.9 percentage points despite a lower share price. Its shares nearly halved in July while nothing in the business had deteriorated; having sold a third of the position into last quarter’s rally, we bought heavily into that weakness, and the results then made the case: revenue rose 166% year-on-year to $1.07 billion, roughly 30% ahead of expectations, and full year guidance was raised to $3.9 to $4.2 billion. The binding constraint on the AI buildout is shifting from chips to electrons, and Bloom’s fuel cells sit behind the meter on the gas network, against delivery windows of 2029 and beyond for turbines and grid connections. Oracle’s Project Jupiter, a campus of up to 2.45GW, is designed to run on a Bloom microgrid; Oracle served a force majeure notice on the project late in September and both companies said the contract stands, and customers beyond Oracle now account for more than half of Bloom’s data centre backlog. Bloom ended the quarter as the Fund’s third largest holding.”
Bloom Energy Corporation (BE) Is Emerging as a Key AI Power Player: Here’s Why Investors Are Watching
Photo by mitchel-willem-jacob-anneveldt on Unsplash
FREE REPORT: What are billionaires buying right now? While we acknowledge the potential of Bloom Energy Corporation (NYSE:BE) as an investment, you should take a look at these billionaire-backed stocks before making your next move. Insider Monkey just released an exclusive look into the hidden portfolios of the world’s top fund managers. Get instant, free access to the “7 Stocks Warren Buffett & Billionaires Are Quietly Hoarding” report and join 2.5 million monthly readers leveraging elite hedge fund data to build wealth. Get it NOW!
In another article, we covered Bloom Energy Corporation (NYSE:BE) and shared the list of best US stocks to buy for long term. In addition, please check out our hedge fund investor letters Q3 2026 page for more investor letters from hedge funds and other leading investors.
READ NEXT: 33 Stocks That Should Double in 3 Years and 15 Stocks That Will Make You Rich in 10 Years
This article is originally published at Insider Monkey.
Source: finance.yahoo.com — article syndicated from the publisher’s feed; all rights remain with the original publisher.
