London Company Income Equity portfolio gains 4.4% as Russell 1000 drops 4.2% in Q1 2026

The London Company Income Equity portfolio achieved a 4.4% return (4.2% net) in the first quarter of 2026, outperforming the Russell 1000 Index, which fell by 4.2%. Key contributors included GLW, benefiting from strong demand in Optical Communications linked to GenAI products, and QSR, which delivered steady royalty income from its global franchises. Conversely, NTDOY faced pressure due to rising memory chip costs and increased AI-driven competition in gaming. This performance highlights the portfolio's focus on downside protection and diversified equity management.