Broyhill Asset Management, an investment advisor, released its first-quarter 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 strong start to the year, global stocks fell sharply following the strikes on Iran. The firm’s defensive strategy, with nearly half the portfolio invested in noncyclical sectors, failed to provide the historical protection in the quarter. The portfolio underperformed in the quarter because of its high exposure to non-cyclical industries, lack of energy investments, and over half of its investments are made outside the United States. In addition, please check the Portfolio’s top five holdings to know its best picks in 2026.
In its first-quarter 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. One-month return of LVMH Moët Hennessy – Louis Vuitton, Société Européenne (OTC:LVMUY) was -9.02%, and its shares lost 6.43% over the past 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, Société Européenne (OTC:LVMUY) was our second-largest detractor, posting its worst quarterly performance on record, driven by the Middle East conflict and fears of a broader slowdown in luxury demand. Beneath the headlines, Wines & Spirits delivered its biggest beat in years as the Hennessy destocking cycle ends, Watches & Jewelry beat as Tiffany continues to gain share, and Fashion & Leather continues its slow sequential improvement. The stock now trades at the bottom of its valuation range, which we find compelling 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 40 Most Popular Stocks Among Hedge Funds Heading Into 2026. According to our database, 2 hedge fund portfolios held LVMH Moët Hennessy – Louis Vuitton, Société Européenne (OTC:LVMUY) at the end of the fourth quarter, the same as in the previous quarter. While we acknowledge the potential of LVMH Moët Hennessy – Louis Vuitton, Société Européenne (OTC:LVMUY) 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 also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
