Soumya Eswaran
3 min read
In This Article:
Hardman Johnston Global Advisors, an investment management company, released its “Hardman Johnston Global Equity Strategy” first quarter 2025 investor letter. A copy of the letter can be downloaded here. The strategy returned 0.43%, net of fees, in the quarter compared to -1.32% for the MSCI AC World Net Index. The Portfolio experienced a solid quarter relative to the market, despite a volatile environment. Industrials and Consumer Discretionary were the top sector contributors, while Information Technology and Energy detracted. Europe was the top contributor from a regional standpoint, while emerging markets detracted. In addition, please check the fund’s top five holdings to know its best picks in 2025.
In its first-quarter 2025 investor letter, Hardman Johnston Global Equity Strategy highlighted stocks such as TechnipFMC plc (NYSE:FTI). TechnipFMC plc (NYSE:FTI) engages in energy projects, technologies, and systems and services businesses operating through Subsea and Surface Technologies segments. The one-month return of TechnipFMC plc (NYSE:FTI) was 10.71%, and its shares gained 31.53% of their value over the last 52 weeks. On June 27, 2025, TechnipFMC plc (NYSE:FTI) stock closed at $34.54 per share, with a market capitalization of $14.48 billion.
Hardman Johnston Global Equity Strategy stated the following regarding TechnipFMC plc (NYSE:FTI) in its Q1 2025 investor letter:
"The majority of the strategy’s relative underperformance in the Energy sector was due to being underweight, as we had only one holding in a sector that outperformed the broad index. Our only Energy holding, TechnipFMC plc (NYSE:FTI), underperformed and was liquidated during the quarter. We liquidated the position due to concerns around oil prices, which we view as vulnerable given a weakening economy and the desire by the Trump administration to lower energy costs. A lower oil price would imply a peaking of capex, which we have already seen early signs of, and we used a period of relative strength as an opportunity to exit the position."
A close up of a worker tightening a valve on an oil rig.
TechnipFMC plc (NYSE:FTI) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 58 hedge fund portfolios held TechnipFMC plc (NYSE:FTI) at the end of the first quarter, which was 56 in the previous quarter. While we acknowledge the potential of TechnipFMC plc (NYSE:FTI) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is as promising as NVIDIA but that trades at less than 5 times its earnings, check out our report about the undervalued AI stock set for massive gains.
