Why Anterix (ATEX) Surged 169.6% in Q2, According to Gabelli

The Global Content & Connectivity Fund, managed by Gabelli Investment Management Firm, reported a strong second quarter of 2026 with its Class I shares gaining 12.88%, outperforming the MSCI AC World Communication Services Index by more than double. This performance was driven by renewed interest in AI-related investments, easing tensions in the Middle East, and lower Brent crude prices.

Within the portfolio, Anterix Inc. (NASDAQ:ATEX) played a significant role, contributing 8.8% of the fund's net assets and delivering an impressive 169.6% return for the quarter. The company benefited from the Federal Communications Commission's approval of expanding broadband allocation in the 900 MHz band to 10 MHz, which increased its capacity and opened up new use cases.

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