Gabelli Investment Management Firm lately launched its “Global Growth Fund” second-quarter 2026 investor letter. A replica of the letter can be downloaded here. The Fund returned 12.84% in the second quarter of 2026, in contrast with 15.2% for the S&P 500 Index and 15.1% for the MSCI All Country World Index. The Fund benefited from robust efficiency across several areas of the portfolio and continued to increase publicity to companies positioned to benefit from long-term growth themes, including artificial intelligence, automation, industrial technology, and protection. The portfolio remained comparatively concentrated, with 45 corporations at quarter-end; its prime 5 holdings represented 25% of portfolio belongings, while the prime 10 accounted for 43%. Looking forward, the Fund continues to take a long-term possession method, concentrating capital in its highest-conviction concepts and accepting probably greater short-term volatility in pursuit of long-term worth creation. The Fund had $194 million in web belongings and has delivered a 10.08% annualized return since inception. In addition, please examine the Fund’s prime 5 holdings to know its best picks in 2026.
In its second-quarter 2026 investor letter, Gabelli Global Growth Fund highlighted Micron Technology Inc. (NASDAQ:MU). Micron Technology Inc. is a semiconductor company that develops and manufactures reminiscence and storage merchandise, including DRAM, NAND, and other reminiscence applied sciences used across computing, knowledge middle, networking, automotive, and client purposes. The one-month return of Micron Technology Inc. (NASDAQ:MU) was 15.68% while its shares traded between $154.65 and $1,255.00 over the last 52 weeks. On September 21, 2026, Micron Technology Inc. (NASDAQ:MU) stock closed at roughly $1,043.96 per share, with a market capitalization of about $1.215 trillion.
Gabelli Global Growth Fund said the following regarding Micron Technology Inc. (NASDAQ:MU) in its Q2 2026 investor letter:
“During the quarter we added new position in Micron Technology Inc. (NASDAQ:MU) (0.9% of net assets).”
Micron Technology Inc. (NASDAQ:MU) is not on our record of 40 Most Popular Stocks Among Hedge Funds Heading Into 2026. As per our database, 184 hedge fund portfolios held Micron Technology Inc. (NASDAQ:MU) at the finish of the first quarter, which was 154 in the earlier quarter. While we acknowledge the risk and potential of Micron Technology Inc. (NASDAQ:MU) as an investment, our conviction lies in the perception that some AI shares maintain larger promise for delivering greater returns and doing so within a shorter time body. If you’re trying for an extraordinarily undervalued AI stock that also stands to benefit considerably from Trump-era tariffs and the onshoring pattern, see our free report on the best short-term AI stock.