Hardman Johnston Global Equity Liquidated TechnipFMC plc (FTI) in Q1
In its first-quarter 2025 investor letter, Hardman Johnston Global Equity Strategy highlighted stocks such as TechnipFMC plc (NYSE:FTI). TechnipFMC plc (NYSE:FTI) engages in energy projects, technologies, and systems and services businesses operating through Subsea and Surface Technologies segments. The one-month return of TechnipFMC plc (NYSE:FTI) was 10.71%, and its shares gained 31.53% of their value over the last 52 weeks. On June 27, 2025, TechnipFMC plc (NYSE:FTI) stock closed at $34.54 per share, with a market capitalization of $14.48 billion.
Hardman Johnston Global Equity Strategy stated the following regarding TechnipFMC plc (NYSE:FTI) in its Q1 2025 investor letter:
"The majority of the strategy's relative underperformance in the Energy sector was due to being underweight, as we had only one holding in a sector that outperformed the broad index. Our only Energy holding, TechnipFMC plc (NYSE:FTI), underperformed and was liquidated during the quarter. We liquidated the position due to concerns around oil prices, which we view as vulnerable given a weakening economy and the desire by the Trump administration to lower energy costs. A lower oil price would imply a peaking of capex, which we have already seen early signs of, and we used a period of relative strength as an opportunity to exit the position."
A close up of a worker tightening a valve on an oil rig.
TechnipFMC plc (NYSE:FTI) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 58 hedge fund portfolios held TechnipFMC plc (NYSE:FTI) at the end of the first quarter, which was 56 in the previous quarter. While we acknowledge the potential of TechnipFMC plc (NYSE:FTI) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is as promising as NVIDIA but that trades at less than 5 times its earnings, check out our report about the undervalued AI stock set for massive gains.
In another article, we covered TechnipFMC plc (NYSE:FTI) and shared the list of small-cap energy stocks hedge funds are buying. In addition, please check out our hedge fund investor letters Q1 2025 page for more investor letters from hedge funds and other leading investors. While we acknowledge the potential of NOW as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money.
Disclosure: None. This article is originally published at Insider Monkey.
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