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Upslope Capital exited Jack Henry after AI worries weighed on shares
The fund reported a -6.6% net return in Q2 2026, while Jack Henry shares ended July 21 at $148.90.
Upslope Capital Management’s second-quarter 2026 investor letter said it exited its position in Jack Henry & Associates, citing that “AI worries” had pressured the fintech’s stock even as the company’s fundamentals remained solid, according to Yahoo Finance.
The letter tied the exit to risk management and said the move reduced broader exposure to a manageable level, adding that disproving the market’s AI concerns would likely take time and possibly further valuation compression.
Yahoo Finance also noted that Jack Henry & Associates, a financial technology company serving community banks and credit unions, closed at $148.90 per share on July 21, 2026, with a market capitalization of $10.58 billion.
In the same period, Upslope’s fund posted a -6.6% net return in Q2 2026 versus gains for benchmarks, and Jack Henry shares were up 16.27% over one month but down 17.52% over the past 52 weeks, as reported by Yahoo Finance.