Harbor Capital Advisors·2026-06-26·via All Articles on Seeking Alpha
Summary
In the first quarter of 2026, the Harbor Mid Cap Core ETF returned 3.28% (NAV), outperforming its benchmark, the Russell Midcap® Index, which returned 1.29%.
Harbor Mid Cap Core ETF’s Information Technology holdings outperformed the benchmark as investor preference shifted toward companies with stronger earnings visibility, cash flow generation, and valuation support.
Albemarle Corporation shares gained approximately 27% during the quarter as investor sentiment improved following a prolonged period of lithium price correction through 2024–2025.
Akamai Technologies shares gained more than 30% during the first quarter, following a strong fourth quarter earnings report where revenue grew 7% year over year.
The Harbor Mid Cap Core ETF remains focused on businesses with attractive valuations, durable earnings profiles, and sound balance sheets to deliver long-term outperformance.
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Beyond geopolitical developments, the quarter reflected a continuation of the more measured market environment that began in late 2025, as investors recalibrated valuations and placed greater emphasis on earnings durability, cash-flow generation, and balance sheet strength. -
