Summary

• Columbia Cornerstone Equity Fund Institutional Share Class returned -6.19% for the three months ending March 31, 2026, underperforming the S&P 500 Index's -4.33% return.
• Entergy stood out in the quarter after reporting strong results and securing a major hyperscaler client in Louisiana where Meta is building out a massive data center campus.
• Broadly, banks have benefited from an improving regulatory backdrop, an opening up of capital markets and a better trading environment.
• ServiceNow reported a good fourth quarter but provided slightly disappointing first quarter guidance based on some federal spending headwinds.
• An underweight to energy detracted as the war in Iran and closure of the Strait of Hormuz pushed up energy prices.

Market overview

U.S. equities posted a loss of -4.33% in the first quarter, as measured by the S&P 500 Index. Stocks initially traded in a range through January and February, as investors balanced the continued tailwinds of positive economic growth, expectations

1.02K Followers