Turtle Creek Asset Management, an investment management company, recently published its Q1 2026 report. A copy is available to download here. Turtle Creek Asset Management’s Q1 2026 report covers key market factors currently at play. The escalation of the Iran conflict has pushed oil and gas prices higher, while AI’s impact on various sectors, especially enterprise software, continues to grow. The firm increased rebalancing activity in the quarter amid heightened market volatility and the momentum in AI-related trades. In this environment, Turtle Creek Equity Fund returned -4.8% for the quarter. Additionally, you can review the Portfolio’s top 5 holdings to see its best picks for 2026.
In its first-quarter 2026 investor letter, Turtle Creek Asset Management highlighted Celanese Corporation (NYSE:CE). Celanese Corporation (NYSE:CE) is a leading chemical and materials company. On June 17, 2026, Celanese Corporation (NYSE:CE) closed at $51.23 per share. One-month return of Celanese Corporation (NYSE:CE) was -3.16%, and its shares lost 5.81% over the past 52 weeks. Celanese Corporation (NYSE:CE) has a market capitalization of $5.62 billion.
Turtle Creek Asset Management stated the following regarding Celanese Corporation (NYSE:CE) in its Q1 2026 investor letter:
“Celanese Corporation (NYSE:CE), a global specialty chemical and materials company, was the largest miss, reporting weaker-than-expected EBITDA and EPS results, but continued to generate significant free cash flow. In the current environment of higher global feedstock costs, such as natural gas, they are at a significant competitive advantage as they disproportionately consume low-cost U.S. natural gas in their production processes.”
Celanese Corporation (NYSE:CE) is not on our list of 40 Most Popular Stocks Among Hedge Funds Heading Into 2026. According to our database, 49 hedge fund portfolios held Celanese Corporation (NYSE:CE) at the end of the first quarter, up from 42 in the previous quarter. While we acknowledge the potential of Celanese Corporation (NYSE:CE) 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.
In addition, please check out our hedge fund investor letters Q1 2026 page for more investor letters from hedge funds and other leading investors.
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Disclosure: None. This article is originally published at Insider Monkey.