Mott Capital Management, an investment research and management firm, released its “Thematic Growth Strategy” Q3 2026 investor letter. A copy of the letter can be downloaded here. The strategy generated a 9.01% YTD return through Q3 2026, trailing the S&P 500 Total Return Index’s 12.75%. Sector rotation and weakness in technology shares shaped the market environment. Grail, Illumina, and Microsoft were among the portfolio’s strongest performers, while the manager reduced Illumina after its share-price gains and used the proceeds to buy Cboe, citing the growth potential of options trading. Despite mixed results across holdings, Mott Capital remains focused on businesses with long-term earnings potential and opportunities created when temporary concerns weigh on share prices. In addition, please check the Fund’s top five holdings to know its best picks in 2026.
In its third-quarter 2026 investor letter, Mott Thematic Growth Strategy highlighted stocks like Microsoft Corporation (NASDAQ:MSFT). Microsoft Corporation (NASDAQ:MSFT) is a global technology company that develops software, cloud computing services, hardware, and productivity solutions. The one-month return of Microsoft Corporation (NASDAQ:MSFT) was -4.78% while its shares traded between $349.20 and $551.15 over the last 52 weeks. On November 2, 2026, Microsoft Corporation (NASDAQ:MSFT) stock closed at approximately $507.12 per share, with a market capitalization of about $3.77 trillion.
Mott Thematic Growth Strategy stated the following regarding Microsoft Corporation (NASDAQ:MSFT) in its Q3 2026 investor letter:
“”Microsoft delivered very strong fiscal fourth-quarter results in July, sending the stock higher (Click Here To Read The Letter In Detail).”
Microsoft Corporation (NASDAQ:MSFT) is on 2nd position on our list of 40 Most Popular Stocks Among Hedge Funds Heading Into 2026. As per our database, 273 hedge fund portfolios held Microsoft Corporation (NASDAQ:MSFT) at the end of the second quarter, which was 282 in the previous quarter. While we acknowledge the risk and potential of Microsoft Corporation (NASDAQ:MSFT) 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’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 another article, we covered Microsoft Corporation (NASDAQ:MSFT) and shared Bristol Gate Capital Partners’ views on the company. In addition, please check out our hedge fund investor letters Q3 2026 page for more investor letters from hedge funds and other leading investors.
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This article is originally published at Insider Monkey.






