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Active owners eye Jack in the Box as fund avoids AI hype
The GreenWood investor letter said its first-half performance was flat, with accounts down 3.6% versus the MSCI ACWI index up 11.7%.
The GreenWood investor letter for Q2 2026 highlighted Jack in the Box Inc. as an example of how active managers may avoid the most crowded themes, even as the broader market moves higher. The outlet noted the fund is strategically steering clear of prevailing AI hype and instead prioritizing more stable long-term investments.
According to the letter, The GreenWood reported flat results for the first half, with accounts down 3.6% compared with a +11.7% return for the MSCI ACWI index. The firm said it recognizes the surge in demand for computing power tied to AI, but it cautioned against late-stage positioning in what it described as a potential bull-cycle.
The letter also discussed Jack in the Box leadership and operating progress. It said the Jack in the Box board voted in May to install Mark King as interim CEO, and it pointed to efforts to get same-store-sales, or comps, back above breakeven, referencing a strong May and resilient results in July.
The coverage added that Jack in the Box closed at $16.14 per share on September 4, 2026. It also cited a market capitalization of $309.55 million, with shares down 9.53% over the past month and down 18.69% over the past year.