London Company Income Equity Strategy Reduced TE Connectivity Ltd. (TEL) Holdings for Strategic Positioning

The London Company Income Equity Strategy, an investment management firm's second-quarter 2026 investor letter, revealed a reduction in its position in TE Connectivity Ltd. (NYSE:TEL) to mitigate concentrated exposure to AI and data center infrastructure growth within the portfolio. Despite the tech sector's underperformance, the letter maintained a strong conviction in TE Connectivity's thesis, citing connectors demand and potential automotive recovery as catalysts.

The position reduction was driven by the firm's preference for AI stocks with greater upside potential and lower downside risk.