London Company Large Cap portfolio gains 2.6% in Q1, outperforming Russell 1000's 4.2% drop.

The London Company Large Cap portfolio returned 2.6% (2.4% net) in the first quarter, outperforming the Russell 1000 Index which fell by 4.2%. Key contributors included Entegris, which benefited from increased semiconductor demand driven by AI and better fab utilization. Visa underperformed due to weaker consumer confidence and concerns that AI might disrupt payment business moats. The firm sold its EQH position after a stop-loss review and lack of insider buying signals. This performance highlights the portfolio's focus on downside protection amid market volatility.