Broyhill Asset Management, an investment advisor, published its Q1 2026 investor letter. A copy of the letter can be downloaded here. The Broyhill Equity Composite declined 6.0% in the first quarter, net of all fees and expenses, lagging the MSCI All Country World Index, which declined 3.1%. After a good start to the year, global stocks fell sharply following the attacks on Iran. The company’s defensive strategy, with almost half of the portfolio invested in non-cyclical sectors, failed to provide historic protection in the quarter. The portfolio underperformed in the quarter due to its high exposure to non-cyclical industries, lack of energy investments, and more than half of its investments being made outside the United States. Plus, check out the portfolio’s top five holdings for your best picks in 2026.
In its Q1 2026 investor letter, Broyhill Asset Management highlighted LVMH Moët Hennessy – Louis Vuitton, Société Européenne (OTC:LVMUY). LVMH Moët Hennessy – Louis Vuitton, Société Européenne (OTC:LVMUY) is the world’s leading luxury goods company headquartered in Paris, France. On May 15, 2026, LVMH Moët Hennessy – Louis Vuitton, Société Européenne (OTC:LVMUY) closed at $105.15 per share. LVMH Moët Hennessy – Louis Vuitton, Société Européenne (OTC:LVMUY)’s monthly performance was -9.02% and its shares lost 6.43% in the last 52 weeks. LVMH Moët Hennessy – Louis Vuitton, Société Européenne (OTC:LVMUY) has a market capitalization of $259.76 billion.
Broyhill Asset Management stated the following regarding LVMH Moët Hennessy – Louis Vuitton, Société Européenne (OTC:LVMUY) in its Q1 2026 investor letter:
“LVMH Moët Hennessy – Louis Vuitton, European Society (OTC:LVMUY) was our second biggest detractor, posting its worst quarterly performance on record, driven by the Middle East conflict and fears of a broader slowdown in luxury demand. Below the headlines, Wines & Spirits made its biggest gain in years as Hennessy’s destocking cycle ends, Watches & Jewelry outperformed as Tiffany continues to gain share, and Fashion & Leather continues its slow sequential improvement. “The stock is now trading at the bottom of its valuation range, which we find attractive for a business of this quality.”
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LVMH Moët Hennessy – Louis Vuitton, Société Européenne (OTC:LVMUY) is not on our list of the 40 most popular stocks among hedge funds heading into 2026. According to our database, two hedge fund portfolios owned LVMH Moët Hennessy – Louis Vuitton, Société Européenne (OTC:LVMUY) at the end of the fourth quarter, the same as in the previous quarter fourth. While we recognize the potential of LVMH Moët Hennessy – Louis Vuitton, Société Européenne (OTC:LVMUY) as an investment, we believe certain IA 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.