Strong Results Lifted Garrett Motion (GTX) in Q2
In the second quarter of 2026, the Harbor Mid Cap Value Fund experienced significant growth, with an overall return of 13.99% compared to the Russell Midcap Value Index. The fund's strong performance can be attributed to strategic stock selection, particularly in Consumer Discretionary, Real Estate, and Financial sectors. Notably, Garrett Motion Inc. (NASDAQ:GTX) played a substantial role in the fund's success.
This company specializes in designing and manufacturing engineered turbocharging and high-speed electric motor technologies for various industries. On September 4, 2026, Garrett Motion Inc. closed at $26.66 per share, marking a 111.73% increase over the past 52 weeks. In Q2 2026, the stock saw a positive one-month return of -3.58%, but it showed impressive growth in the first quarter, surpassing analysts' expectations.
The investment management firm highlighted this positive trend in their Q2 2026 investor letter. Despite the ongoing economic uncertainties, Harbor Mid Cap Value Fund remains committed to its disciplined value approach.
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