The Vltava Fund letter for the first quarter of 2026, titled “Sports and investment”, compares sports and investment and highlights key market themes. A copy of the letter is available to download here. January focused on artificial intelligence, followed by the Iran war, which affected businesses in the short and long term. Subsequently, private credit attracted attention amid rising interest rates, defaults and liquidity problems. Market volatility increased, creating more opportunities and triggering greater activity to generate value for the portfolio. Review the Fund’s top five holdings to learn about its key picks for 2026.
In its Q1 2026 investor letter, Vltava Fund highlighted stocks like United Rentals, Inc. (NYSE:URI). United Rentals, Inc. (NYSE:URI) is a leading equipment rental company based in Stamford, Connecticut. On April 13, 2026, United Rentals, Inc. (NYSE:URI) stock closed at $779.53 per share. United Rentals, Inc. (NYSE:URI)’s monthly performance was 4.63% and its shares gained 30.54% in the past 52 weeks. United Rentals, Inc. (NYSE:URI) has a market capitalization of $49.11 billion.
Vltava Fund stated the following regarding United Rentals, Inc. (NYSE:URI) in its Q1 2026 investor letter:
“We sold two share positions: Novo Nordisk and United Rentals, Inc. (NYSE:URI). The reasons for selling United Rentals were different. Nothing has changed in our vision of the company. However, what had changed was its share price. The price had risen so much that holding it would result in a low expected return both in absolute terms and in comparison to other stocks we are following. Therefore, we decided to make a bigger profit faster than expected and move that money to better opportunities.”
United Rentals, Inc. (NYSE:URI) isn’t on our list of the 40 most popular stocks among hedge funds heading into 2026. According to our database, 74 hedge fund portfolios owned United Rentals, Inc. (NYSE:URI) at the end of the fourth quarter, up from 63 in the prior quarter. In Q4 2025, United Rentals, Inc. (NYSE:URI) revenue grew 2.8% year over year to $4.2 billion. While we recognize the potential of United Rentals, Inc. (NYSE:URI) as an investment, we believe certain IA stocks offer greater growth potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that’s also benefiting significantly from Trump-era tariffs and the offshoring trend, check out our free report on best short-term AI stock.
In another article, we covered United Rentals, Inc. (NYSE:URI) and shared the list of the best large-cap stocks to buy according to analysts. Also, see our Q1 2026 Letters to Hedge Fund Investors page for more letters to hedge fund investors and other leading investors.