ETFs & Funds
Home›ETFs & Funds›Fund Industry›Deep Sail Capital Partners fund letter cites AI and cl…
Deep Sail Capital Partners fund letter cites AI and cloud demand for Celestica
The letter says the fund returned 41.6% net of fees in Q2 2026 and 16.5% year to date.
Deep Sail Capital Partners released its second-quarter 2026 investor letter, highlighting Celestica Inc. as part of its positioning as the AI and cloud infrastructure cycle develops, according to Yahoo Finance.
In the quarter, the fund significantly outperformed both the Russell 2000 Mid Cap Growth Index and the Russell 2000 Index, returning 41.6% net of fees, while averaging 88% net long exposure. Year to date, it returned 16.5% net of fees, with the fund letter attributing a performance push in Q1 that carried into Q2 to both the Iran War and idiosyncratic effects from specific holdings.
The investor update also describes Celestica’s evolution from its legacy roots as an IBM captive manufacturer into a design and technology integration provider serving AI and cloud infrastructure needs, including work related to building data centers and integrated rack systems. Yahoo Finance also notes that Celestica closed on July 22, 2026 at $335.50 per share, valuing the company at $38.57 billion.
Celestica is presented as operating across multiple countries with supply chain solutions, and the Yahoo Finance piece cites recent trading performance, including a one-month return of -7.17% and a 104.6% gain over the past 52 weeks. The update further outlines Celestica’s history, including its founding as an IBM Canada subsidiary in 1994 and subsequent IPO in the late 1990s.
Latest closeRussell 2000 2,930.00 ▼0.3%