Middle Coast Q2 2026 Letter Reviews Portfolio Moves in Strong Market Quarter
Middle Coast Investing's Q2 2026 letter reviews a quarter that was the S&P 500's strongest since mid-2020. The portfolio added CDW, S&P Global and Mobility Global while exiting Air Lease, First Citizens, Meta Platforms and Apogee Enterprises. It also reduced or took profits in Taiwan Semiconductor, TD Synnex, Alphabet, Astronics and Broadcom.
Middle Coast Investing’s second-quarter 2026 review describes a period when the S&P 500 posted its best quarterly gain since the 2020 rebound. The letter says market behavior still seemed driven by thematic baskets and momentum, even as company fundamentals remained relevant.
During the quarter, the portfolio initiated positions in CDW, S&P Global, and Mobility Global. It sold Air Lease, First Citizens, Meta Platforms, and Apogee Enterprises, while trimming or realizing gains in Taiwan Semiconductor, TD Synnex, Alphabet, Astronics, and Broadcom. The letter also notes SpaceX’s record IPO, an end to the U.S.-Iran war, and a rotation from mega-cap tech toward semiconductors and data-center-linked shares.
The quarter’s rotation could affect ordinary investors and retirees whose savings track broad indexes, as gains concentrated in semiconductors and data-center-linked firms may not mirror individual portfolios. Companies tied to AI infrastructure may find easier or harder access to capital depending on sentiment, while utilities, construction, and power suppliers could see changing demand. If market moves remain basket-driven, households may experience sharper swings in retirement and brokerage accounts, and corporate decisions on hiring or investment may respond to perceived market confidence.