Brennan Asset Management lately launched its Q2 2026 investor letter. The letter can be downloaded here. Investors were optimistic about a potential truce with Iran, highlighted by a mid-June memorandum for negotiations on regional security and sanctions, inflicting oil costs to drop and the market to rally. Despite geopolitical uncertainties, traders stay targeted on a surge in AI infrastructure spending, which is expected to closely affect the world economic system, although questions about the returns from this investment loom. Overall, the S&P 500 stays at high valuations, seemingly unfazed by these challenges, while there are few pockets of worth left, largely outside the U.S. market. Also, examine the fund’s prime 5 holdings to see its best picks in 2026.
In its second-quarter 2026 investor letter, Brennan Asset Management highlighted Liberty Capital Corporation (NASDAQ:GLIBK). Liberty Capital Corporation (NASDAQ:GLIBK) is a communication providers company that offers a vary of knowledge, wi-fi, video, voice, and managed providers. GCI Liberty, Inc. rebranded to Liberty Capital Corporation in May 2026. On August 31, 2026, Liberty Capital Corporation (NASDAQ:GLIBK) closed at $26.03 per share. Over the previous month, Liberty Capital Corporation (NASDAQ:GLIBK) returned 8.78%, but its shares are down 28.94% over the previous 12 months. Liberty Capital Corporation (NASDAQ:GLIBK) has a market capitalization of $1.04 billion, and its stock has traded within a 52-week vary of $19.30 to $41.18.
Brennan Asset Management acknowledged the following regarding Liberty Capital Corporation (NASDAQ:GLIBK) in its Q2 2026 investor letter:
Liberty Capital Corporation (NASDAQ:GLIBK): “Just when I thought I was out, they pull me back in!”: In our This autumn 2024 letter, we described our unfavorable investment historical past with Liberty Latin America (LILAK) and defined our causes for considerably exiting the place and reinvesting the proceeds in TIGO. In the letter, we blamed ourselves for giving LILAK’s management crew too much slack even though working efficiency continued to contradict their rosy projections. Selling shares in a longer-term holding that has not labored is no enjoyable, but it is half of the investment course of.
In our Q3 2025 letter, we detailed our investment in GCI Liberty (later renamed Liberty Capital) and described how we felt that the company traded considerably below the worth of the Alaska Cable business, which implied that traders were seemingly ascribing damaging worth to the prospects of offers from John Malone and company. We famous how traders would have flocked to this sort of investment 10 years in the past, but the underperformance of US cable and several other Liberty names had brought on a extreme inversion to anything cable associated…” (Click here to learn the full textual content)