Advanced Energy Industries outperformed as U.S. small-cap equities rose 1.5% in Q1 2026, driven by earnings growth and domestic sector focus.
Advanced Energy Industries (NASDAQ:AEIS) closed at $313.05 on May 21, 2026, as U.S. small-cap stocks outperformed large-caps in Q1 2026. The Aristotle Small Cap Equity Fund reported a 1.50% total return, surpassing the Russell 2000 Index’s 0.89% gain.
The rally was fueled by improving earnings, attractive valuations, and a shift toward domestic sectors amid macroeconomic volatility. Information technology and financials led performance, while healthcare and industrials underperformed.
AEIS was highlighted as a top contributor in the fund’s Q1 2026 investor letter, reflecting broader strength in precision power and semiconductor equipment stocks.