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Marlin Global Ltd. ( (NZ:MLN) ) has issued an update.
Marlin Global reported a difficult first quarter of 2026, with a gross return of -12.1% and an adjusted NAV return of -11.5%, significantly underperforming its global benchmark, as volatile markets, an oil price shock and a sharp style rotation into value and energy punished quality growth holdings. The manager highlighted that healthcare and software names were key detractors amid AI disruption fears and sentiment-driven selling, but argued that the severe underperformance of quality and growth has created attractive valuations, prompting selective portfolio shifts such as adding Tyler Technologies, Capital One and Keyence while trimming ASML, and leaving the fund positioned for a potential rebound in high-quality growth stocks.
More about Marlin Global Ltd.
Marlin Global Ltd. is a New Zealand-based listed investment company that provides investors with exposure to a concentrated portfolio of international growth equities. Managed by Fisher Funds, it focuses on high-quality global businesses across sectors such as technology, healthcare, financial services, industrial automation and consumer brands, with holdings including Microsoft, Amazon, Mastercard, Hermès and Tencent.
Average Trading Volume: 94,176
Technical Sentiment Signal: Buy
Current Market Cap: N$194.3M
See more data about MLN stock on TipRanks’ Stock Analysis page.