Clough Capital Partners L.P., an investment management company, recently released its Q3 2026 investor letter. A copy of the letter can be downloaded here. The letter reported that both the Clough Select Equity ETF (CBSE) and Clough Hedged Equity ETF (CBLS) maintained positive year-to-date returns despite a difficult quarter. CBSE, a long-only strategy, declined 11.25% during the quarter but gained 17.91% through September 30, compared with a 7.45% gain for its World All-Cap Index benchmark. Technology and industrial holdings weighed on performance. Meanwhile, CBLS, which uses a long/short equity strategy, fell 8.50% in Q3 but returned 13.30% year-to-date, also outperforming the benchmark. Losses in its long positions accounted for most of the quarterly decline, while the short portfolio also detracted overall. CBLS averaged approximately 90% long exposure and 38% short exposure during the quarter. Looking ahead, Clough Capital remains focused on opportunities in AI and computing infrastructure, including semiconductors, connectivity, data centers, and power generation, while using differentiated stock selection to identify companies whose long-term prospects may not be reflected in their share prices. The firm expects differences in business fundamentals, valuations, and market expectations to create opportunities for both strategies, while recognizing the potential for continued volatility. In addition, please check the Fund’s top five holdings to know its best picks in 2026.
In its third-quarter 2026 investor letter, Clough Capital highlighted stocks like Venture Global, Inc. (NYSE:VG). Venture Global, Inc. (NYSE:VG) is a U.S. liquefied natural gas (LNG) company focused on developing, constructing, and operating LNG export projects. The one-month return of Venture Global, Inc. (NYSE:VG) was -2.79% while its shares traded between $5.72 and $17.62 over the last 52 weeks. On October 30, 2026, Venture Global, Inc. (NYSE:VG) stock closed at approximately $14.79 per share, with a market capitalization of about $33.41 billion.
Clough Capital stated the following regarding Venture Global, Inc. (NYSE:VG) in its Q3 2026 investor letter:
“Energy holdings produced mixed results, with Venture Global, Inc. (NYSE:VG) among the detractors. This variation reinforces our preference for evaluating individual business models rather than relying exclusively on a sector outlook. Commodity exposure, contractual revenue, investment requirements, and competitive positioning can produce markedly different outcomes within the same industry. Those differences offer room for active selection even when the broader direction of a market remains uncertain.”
