Corning Inc outperformed amid sector rotation, benefiting from robust optical communications demand as tech stocks declined.
Corning Inc (GLW) contributed positively to The London Company Income Equity Strategy’s 4.4% Q1 2026 return, driven by strong demand in optical communications. The portfolio outperformed the Russell 1000 Value Index’s 2.1% gain, supported by stock selection and sector exposure.
US equities declined early in 2026, with the Russell 3000 falling 4% and the S&P 500 posting losses. Market leadership shifted toward commodity-focused sectors, with energy surging over 35%, while tech dropped more than 9% amid Big Tech and AI-related concerns.
The portfolio’s positioning in quality and diversified holdings helped mitigate broader market weakness, particularly in large-cap growth stocks.