Broyhill Asset Management’s Q1 2026 letter highlights Valvoline as a top performer amid a 6% portfolio drop.
Broyhill Asset Management’s equity portfolio fell 6.0% in Q1 2026, underperforming the MSCI All Country World Index’s 3.1% decline. The firm’s defensive strategy, weighted toward noncyclical sectors and international holdings, failed to shield returns as global stocks retreated sharply after strikes on Iran.
Valvoline Inc. (NYSE:VVV) emerged as a standout contributor, closing at $32.39 on May 15, 2026. The stock posted a one-month return of -6.50% and a 52-week loss of 7.35%, outperforming the broader portfolio. Valvoline’s market capitalization stands at $4.13 billion.
The firm’s underperformance stemmed from its lack of energy exposure and heavy allocation outside the U.S., which lagged during the quarter’s risk-off shift.