Voya Investment Management, an investment management company, released its second-quarter 2026 investor letter for its "Voya MI Dynamic Small Cap Fund." A copy of the letter can be downloaded here. US Equity markets rebounded strongly in the second quarter of 2026, recovering from geopolitical tensions that nearly pushed the S&P 500 Index into correction territory. Technology dominated the landscape, powered by increasing AI adoption, while industrials benefited from strong capital expenditure.
Small-cap and growth stocks outperformed; investors grew selective amid concerns about returns, competition, and regulation. The Fund outperformed the Index, benefitting from stock selection in energy, consumer discretionary, and health care sectors. Overall market performance could become more volatile due to rising costs and increased supply from IPOs and secondary issuances.
Additionally, reviewing the Fund's top five holdings could help identify its best picks for 2026. In its Q2 2026 investor letter, Voya MI Dynamic Small Cap Fund highlighted TTM Technologies, Inc. (NASDAQ:TTMI), a US-based global manufacturer of mission systems, radio frequency (RF) components, RF microwave/microelectronic assemblies, and printed circuit boards (PCBs). Accounting for 1.39% of the portfolio, TTM Technologies, Inc. (NASDAQ:TTMI) contributed to the Fund's performance during the quarter.
On August 14, 2026, TTM Technologies, Inc. (NASDAQ:TTMI) closed at $140.00 per share, reflecting a market capitalization of $14.75 billion. TTM Technologies, Inc. (NASDAQ:TTMI) posted a one‑month return of 5.13%, while its shares gained 234.77% over the past 52 weeks." Voya MI Dynamic Small Cap Fund stated the following regarding TTM Technologies, Inc. (NASDAQ:TTMI) in its Q2 2026 investor letter: "The overweight position in TTM Technologies, Inc. (NASDAQ:TTMI), a manufacturer of advanced printed circuit boards, had a positive impact on performance and was primarily driven by risk management reasons. Shares advanced on strong quarterly results and guidance as the company benefited from accelerating AI data-center and defense demand for high-performance computing hardware." TTM Technologies, Inc. (NASDAQ:TTMI) is not on our list of the 40 Most Popular Stocks Among Hedge Funds.
As per our database, 64 hedge fund portfolios held TTM Technologies, Inc. (NASDAQ:TTMI) at the end of the first quarter which was 54 in the previous quarter. While we acknowledge the potential of TTM Technologies, Inc. (NASDAQ:TTMI) as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
In another article, we covered TTM Technologies, Inc. (NASDAQ:TTMI) and shared Sands Capital Technology Innovators Fund's insight on the company. In addition, please check out our hedge fund investor letters Q2 2026 page for more investor letters from hedge funds and other leading investors. READ NEXT: 33 Stocks That Should Double in 3 Years and 15 Stocks That Will Make You Rich in 10 Years.
Extract — continue reading at the source.
