July 23, 2026By Chris Armbruster, CFA

Positioning for AI’s Next Phase of Value Creation

Large Cap Growth 2Q 2026 Update | KayneCast 318

“We are operating the portfolio with the mindset that AI creates value but delivering that value will require years of infrastructure buildout to support it.”

Each quarter, Chris Armbruster, CFA Portfolio Manager and Senior Research Analyst, provides an update on the performance of the Large Cap Growth strategy and shares his market outlook. Listen to his most recent episode where Chris recaps market activity during 2Q 2026.

Key Insights and Trends

  • The current AI innovation cycle is unusual in that disruption is coming from the top, with many of the world’s largest companies investing heavily to accelerate adoption and innovation
  • The portfolio underwent meaningful repositioning, including adding six new holdings and increasing exposure to information technology
  • Relative performance reflected the strategy’s exposure to businesses with underappreciated growth opportunities tied to the current technology and AI-driven environment
  • Portfolio positioning reflects the view that AI infrastructure investment and adoption may continue to create opportunities across large-cap companies with underappreciated growth potential

Stay Informed with Our Latest Insights

For more insights, read our 2Q 2026 Market Review Commentary or subscribe to Kaynecast where we provide the latest updates from the KAR Investment Team on our investment strategies.

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