What smart money is saying about IDEX Corporation
IEX
No fund has written a full thesis on IDEX Corporation in our archive, but 3 fund letters report a position in it — most recently Nuance Investments Concentrated Value Strategy in June 2026.
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3
Reported positions
0
Bought
1
Sold
3
Letters
Position history
Every position in IDEX Corporation on record in the archive was reported in Q2 2026, across 3 fund letters — 1 trimmed or exited.
| Quarter | Letters | Bought | Sold | Theses |
|---|---|---|---|---|
| Q2 2026 | 3 | 0 | 1 | 0 |
Fund activity · 3 positions · 1 move
- ExitedNuance Investments Concentrated Value StrategyJune 2026
“Stocks We Eliminated from Your Portfolio (Second Quarter 2026): Calavo Growers, Inc. (CVGW): CVGW is a leading distributor of avocados in the U.S. We exited the position due to the company being acquired by Mission Produce, Inc. (AVO). Daikin Industries, Ltd. (DKILY): DKILY is the world’s largest manufacturer of air conditioning equipment and supplies with leading market share positions across most of its geographical segments. Following outperformance in the stock, we exited our position in favor of better risk reward opportunities elsewhere. Estee Lauder Companies Inc. (EL): EL is a leading producer of beauty products, including facial moisturizers, makeup, and lip products, among others. In March 2026, EL confirmed rumors that it was exploring a merger with Puig Brands, S.A. (PUIG), a leader in premium fragrances. This created some uncertainty in terms of what type of valuation the company would need to pay to acquire PUIG, and uncertainty around what the balance sheet would look like in terms of leverage. We exited the position in favor of better risk reward opportunities. Globe Life Inc. (GL): We have exited our position in GL after a successful holding period as the company’s share price exceeded our estimate of fair value. GL remains one of our favorite companies within the Insurance industry due to its favorable competitive position and strong balance sheet relative to peers. We will look for future opportunities to invest in GL shares at a more attractive risk reward. H2O America (HTO): HTO is the second-largest pure play water utility holding company in the United States with operations primarily in California, Texas, and Connecticut. Following a favorable Fair Market Value (FMV) determination and successful capital raise for the company’s acquisition of Quadvest, shares outperformed and we exited our position in favor of more attractive risk rewards elsewhere. IDEX Corporation (IEX): IEX is a leading and diversified manufacturer of a variety of key engineered fluidics systems and components used in various industrial processes, health and science devices, and fire and safety products. We exited our position during the quarter as the stock surpassed our internal estimate of fair value.”
IDEX Corporation - June 2026
“Investors also cheered as SiriusXM Media announced it would become YouTube’s exclusive U.S. audio-ad sales representative, a significant win for its off-platform advertising business. IDEX’s first-quarter results demonstrated an acceleration in top-line growth and a growing backlog of orders.”
IDEX Corporation - June 2026
“Notable 2Q Contributors Texas Instruments and Analog Devices were the Fund’s top contributors in the quarter. Recent results have been very strong, and sentiment has been even better, with power management solutions driving the latest leg in the analog semiconductor rally. Bio-Techne’s stock rose 35% as the company agreed to be acquired by Merck KGaA of Darmstadt, Germany, in late June. While we did not view the purchase price as “top dollar” for the assets, the deal supported our broader thesis on the value of life sciences consumables. Alphabet and IDEX Corp. also posted returns above 20% to round out the quarterly top contributors list.”
IDEX Corporation
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