Impax Asset ManagementA London-based investment management firm, specializing in sustainable investments, published its Q1 2026 investor letter for its “Impax Global Environmental Markets Fund.” A copy of the letter is available to download here. The Fund held its own during the quarter by outperforming its main benchmark, the MSCI ACWI Index. Stock selection in Information Technology (IT), along with companies with strong earnings and Materials, drove returns in a volatile environment. Global stock markets started the year on a positive note but ended lower due to a risk-averse environment. In this landscape, the company’s emphasis is on solutions such as renewable energy to improve security and energy efficiency, as well as more efficient networks, energy storage and technologies that reduce energy intensity. Also, check out the company’s top five holdings to see your best picks in 2026.
In its Q1 2026 investor letter, Impax Global Environmental Markets Fund highlighted Linde plc (NASDAQ:LIN). Linde plc (NASDAQ:LIN) is a global chemical company and a leading supplier of industrial gases. On June 2, 2026, Linde plc (NASDAQ:LIN) closed at $495.91 per share. Linde plc (NASDAQ:LIN)’s monthly performance was -1.19% and its shares gained 4.67% over the past 52 weeks. Linde plc (NASDAQ:LIN) has a market capitalization of $230.1 billion.
Impax Global Environmental Markets Fund stated the following regarding Linde plc (NASDAQ:LIN) in its Q1 2026 investor letter:
“Linde plc (NASDAQ:LIN) (Industrial Energy Efficiency, US) rose as the market rewarded the company’s defensive business profile during a risk-off and volatile quarter. “Strong quarterly results and optimism around the company’s exposure to space end markets also provided a tailwind to stock performance.”
Linde plc (NASDAQ:LIN) is not on our list of the 40 most popular stocks among hedge funds heading into 2026. According to our database, 104 hedge fund portfolios held Linde plc (NASDAQ:LIN) at the end of the first quarter, up from 89 in the previous quarter. While we recognize the potential of Linde plc (NASDAQ:LIN) as an investment, we believe certain AI stocks offer greater upside 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 Linde plc (NASDAQ:LIN) and shared the list of the best dividend paying stocks to buy. Also, see our Q1 2026 Letters to Hedge Fund Investors page for more letters to hedge fund investors and other leading investors.