Thrivent Asset Management·2026-05-07·via All Articles on Seeking Alpha
Summary
Thrivent Mid Cap Stock Fund underperformed the Russell Mid Cap Index over the three- and 12-month periods ending March 31, 2026.
Within the energy sector, Devon Energy provided significant relative performance as most energy stocks soared in price after the war in Iran began.
Quanta Services and EMCOR provided relative outperformance due to their leading capabilities in power generation and transmission and in mechanical and electrical construction to support artificial intelligence data center growth.
Materials company Steel Dynamics benefited from rising steel prices and ramping a new aluminum plant into an undersupplied market.
With the uncertain outcome to so many factors, Thrivent Mid Cap Stock Fund is not extending risks, though the fund is constantly searching for opportunities with attractive valuations.
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Executive Summary
Thrivent Mid Cap Stock Fund underperformed the Russell Mid Cap Index over the three- and 12-month periods ending March 31, 2026.
The energy sector was the most significant underperforming sector over the
