RGA Investment Advisors, an investment management company, has launched its second-quarter 2026 investor letter. The letter can be downloaded here. The letter addresses the incorporation of AI into investment methods and the dramatic modifications in market dynamics that have emerged, particularly referencing the AI Bottleneck 40. This group of shares is essential to knowledge heart infrastructure. Initially, these shares were carefully aligned with the S&P, but by mid-2025, they started to diverge and outperform the index, exhibiting important volatility, with realized volatility charges approaching 60%. The letter stresses the significance of frequently monitoring these trends and adjusting the investment strategy. Also, test the fund’s high 5 holdings to see its best picks in 2026.
In its Q2 2026 investor letter, RGA Investment Advisors highlighted Roku, Inc. (NASDAQ:ROKU). Headquartered in San Jose, California, Roku, Inc. (NASDAQ:ROKU) is a TV streaming platform. On August 24, 2026, Roku, Inc. (NASDAQ:ROKU) closed at $158.18 per share, reflecting a market capitalization of $23.48 billion. Roku, Inc. (NASDAQ:ROKU) posted a one‑month return of 9.92%, while its shares gained 65.53% over the previous 52 weeks.
RGA Investment Advisors said the following regarding Roku, Inc. (NASDAQ:ROKU) in its Q2 2026 investor letter:
“On June 15th, Roku, Inc. (NASDAQ:ROKU) announced that it would be acquired by Fox Corp (FOXA). We first bought shares in Roku in late 2018 and what a wild ride it has been. We sold shares several times along the way and bought meaningfully more when the remaining position almost fully round-tripped to our basis. Had you told us the outcome ex ante in 2018, we would have been excited. Yet it all feels bittersweet, with solid overall returns accompanied by a half-dozen impactful lessons that continue to shape how we approach underwriting stocks, portfolio management and the tax consequences of selling.
As with many companies and investors, COVID led to some behavioral changes that were costly. Roku was distinctly on the right track toward correcting those errors by right-sizing the cost structure, building a robust strategy to drive ARPU and commencing a share repurchase program to capitalize on a cheap stock and healthy balance sheet. We applaud Roku’s execution following their course correction.
In the end, each share of Roku will receive $96 of cash and 0.9693 shares of FOXA. We are likely to hold the FOXA shares upon closing of this transaction, given our enthusiasm around the acceleration in growth at Roku itself and the revenue synergies between the two assets.”