What smart money is saying about Quanta Services
7 funds in our archive have pitched Quanta Services, most recently Polen Focus Growth in September 2026.
Quanta Services, Inc. is a global provider of specialized contracting solutions. The company operates through three main business segments: The Electric Power Infrastructure Solutions division is dedicated to designing, procuring, constructing, upgrading, repairing, and maintaining critical infrastructure for electric power transmission, distribution networks, and substation facilities. This includes executing projects on live electrical systems for installation, upkeep, and modernization, as well as integrating advanced smart grid technologies. The segment also handles commercial and industrial wiring from design through repair. Furthermore, it furnishes aviation services, vital emergency restoration support, and various other engineering and technical assistance. Quanta Services extends its design and construction expertise to the telecommunications sector, serving wireline and wireless carriers, cable multi-system operators, and other clients. Professional development programs for electric utility personnel, as well as those in gas distribution and telecommunications, are also offered. The Renewable Energy Infrastructure Solutions segment concentrates on the full lifecycle of renewable energy assets. This encompasses engineering, procurement, construction, modernization, repair, and maintenance for facilities generating power from wind, solar, and hydroelectric sources, alongside battery storage systems. Additionally, it delivers engineering and construction for associated substations, switchyards, transmission lines, and other electrical infrastructures integral to renewable projects. The Underground Utility and Infrastructure Solutions division furnishes comprehensive services covering the design, engineering, construction, enhancement, repair, and ongoing maintenance of systems for transporting, distributing, storing, and processing natural gas, oil, and various other commodities. This includes the fabrication of essential pipeline support structures and related facilities. The segment is also responsible for the engineering and construction of extensive pipeline networks, storage facilities, and crucial compressor and pump stations. Originally incorporated in 1997 as Fabal Construction, Inc., the company adopted the name Quanta Services, Inc. in November of that year and maintains its corporate headquarters in Houston, Texas.
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Fund signal · last 12 months
11 lettersToo few moves on Quanta Services yet for a clear signal
Moves described in fund letters in our archive. A sentence published word for word by several funds of one house in the same quarter counts once.
Position history
Between Q1 2025 and Q3 2026, 11 fund letters reported a position in Quanta Services, with 4 buys (opened or added).
| Quarter | Letters | Bought | Sold | Theses |
|---|---|---|---|---|
| Q3 2026 | 3 | 2 | 0 | 1 |
| Q2 2026 | 5 | 1 | 0 | 1 |
| Q1 2026 | 1 | 0 | 0 | 2 |
| Q4 2025 | 2 | 1 | 0 | 2 |
| Q1 2025 | 0 | 0 | 0 | 1 |
Bought and Sold count moves: the same sentence published by several funds of one house in a quarter counts once.
Fund activity · 11 positions · 5 moves
- New positionPolen Focus GrowthSeptember 2026
“Portfolio Activity In Q3 2026, we initiated new positions in Adyen , ASML , Quanta Services , and Seagate Technology , while selling MSCI and Rollins . We also added to our existing positions in EMCOR Group and Meta Platforms , while trimming Eli Lilly , Shopify , and Starbucks . The net goal of this activity was to improve the Portfolio’s balance by redeploying capital toward businesses where we see stronger current momentum, attractive long - term growth prospects, and more visible demand tailwinds. We initiated a new position in Adyen , a global payments platform that is evolving from a pure - play processor into a broader financial operating system for modern commerce. Polen Focus Growth – 3Q 2026 Portfolio Manager Commentary 3 We believe Adyen’s single - stack technology, banking licenses, and deep enterprise relationships position the company well as commerce becomes increasingly complex across online, offline, cross - border transactions, as well as emerging payment activity initiated or managed by AI agents. Recent growth remains strong, and we see a meaningful opportunity to continue gaining share from more fragmented legacy payment providers. We also initiated a new position in ASML , which we view as a uniquely advantaged provider of advanced lithography equipment used in leading - edge semiconductor manufacturing. ASML’s position in extreme ultraviolet (EUV) lithography remains critical to the continued scaling of advanced logic and memory, while its service business provides a recurring component to revenues. Recent concerns around China exposure and domestic deep ultraviolet (DUV) development have contributed to share price volatility, but we believe ASML remains one of the most competitively advantaged businesses in the semiconductor supply chain. Additionally, we acquired a new position in Quanta Services , North America’s largest specialty infrastructure contractor, mostly focused on the electric power grid in North America.”
Quanta Services - New positionPolen Capital Focus GrowthSeptember 2026
“Additionally, we acquired a new position in Quanta Services , North America’s largest specialty infrastructure contractor, mostly focused on the electric power grid in North America.”
Quanta Services - New positionPolen Capital Global GrowthSeptember 2026
“In Q3 2026, we initiated new positions in Seagate Technology , Advanced Micro Devices , Quanta Services , and SK Hynix , while selling Oracle .”
Quanta Services - HoldsBaron Technology ETFJune 2026
“To Quanta Services, Inc. , our long-standing holding in electric grid construction and hardening, and Forgent, initiated last quarter, we added new positions in Bloom Energy Corporation and INNIO N.V. in on-site and distributed generation, Fervo Energy Company in next-generation geothermal, and DPC Holdings Limited , which manufactures castings utilized in Industrial Gas Turbines used in power generation.”
Quanta Services - June 2026
“To Quanta Services, Inc., our long-standing holding in electric grid construction and hardening, and Forgent, initiated last quarter, we added new positions in Bloom Energy Corporation and INNIO N.V. in on-site and distributed generation, Fervo Energy Company in next-generation geothermal, and DPC Holdings Limited, which manufactures castings utilized in Industrial Gas Turbines used in power generation.”
Quanta Services - June 2026
“The top contributors to performance for the quarter were Comfort Systems and Sterling Infrastructure in Infrastructure Area of Interest (AoI); Quanta Services (Power Generation); and Coherent (Connectivity).”
Quanta Services - June 2026
“Comfort Systems (FIX) and Quanta Services (PWR) once again taking top spots among the portfolio’s best performers.”
Quanta Services - June 2026
“The top three contributors to performance were Infineon Technologies, Quanta Services and GE Vernova. Infineon Technologies (Clean Transport sub-theme) was the largest contributor to performance in the quarter. We profile Infineon in detail in the stock story below. GE Vernova (Clean Energy) was again a top contributor to performance, driven by demand for gas turbines, which come with a long tail of service revenues at high margins. GE Vernova's opportunity to increase its market share in grid electrification equipment is also driving investor optimism. As we have noted previously, gas is less than 50% of revenue and the majority comes from wind, grid, hydro and nuclear energy equipment which enables decarbonisation. Quanta Services (Clean Energy), a contractor which builds electrical grid infrastructure, again contributed to performance.”
Quanta Services - March 2026
“Quanta Services Quanta Services contributed to performance in the first quarter of 2026.”
Quanta Services - New positionSands Capital Global LeadersDecember 2025
“In the fourth quarter Global Leaders completed the purchase of Boston Scientific (compounder), Quanta Services (growth cyclical), Safran (growth cyclical), and Shopify (higher growth).”
Quanta Services - December 2025
“Quanta Services is the largest U.S. provider of skilled labor and equipment for energy and communications infrastructure.”
Quanta Services
Also mentioned · 4
These funds discuss Quanta Services as a competitor, benchmark or comparable, without disclosing a position in it.
- MentionedMD SASS Concentrated ValueJune 2026
“We have spent considerable time researching the theme over the last few years, and AI-related investments, including Jabil (JBL), Marvell (MRVL), Amphenol (APH), Williams Companies (WMB), and Quanta Services (PWR), drove nearly half of our performance last year.”
Quanta Services - June 2026
“While absolute performance in Industrials was strong, up 20% in the quarter, the Strategy underperformed the Index in the sector due to rising share prices of benchmark-only companies like Rocket Lab, Vertiv, and Quanta.”
Quanta Services - December 2025
“We have long held exposure to companies that benefit from the demand side of the energy transition. These include leaders across batteries, electric vehicles, and factory automation such as Contemporary Amperex Technology, BYD, Xiaomi, and Keyence. However, with power demand increasing, we are now expanding that foundation into areas that help with energy supply. These include companies such as Quanta Services, which provides engineering and construction services for transmission, distribution, and grid hardening initiatives, or WEG, which provides transformers, motors, and advanced grid equipment.”
Quanta Services - MentionedSands Capital Technology InnovatorsDecember 2025
“These include companies such as Quanta Services, which provides engineering and construction services for transmission, distribution, and grid hardening initiatives, or WEG, which provides transformers, motors, and advanced grid equipment.”
Quanta Services
Fund coverage · 7 theses
- Polen Focus GrowthSeptember 2026
Quanta Services is a grid-modernization and infrastructure beneficiary with multi-year project visibility and strong growth support.
Read the full thesis - Baron Asset FundJune 2026
Quanta Services, Inc. provides infrastructure contracting services, and the fund sees strong secular tailwinds and mid-to-high teens earnings growth potential.
Read the full thesis - Baron Durable Advantage FundMarch 2026
Quanta Services is a leading specialty contractor with secular infrastructure tailwinds and strong expected EPS growth.
Read the full thesis - Baron Asset FundMarch 2026
Quanta Services is a leading specialty contractor positioned to compound earnings at mid-to-high teens driven by grid modernization, electrification, and data center demand.
Read the full thesis - Sands Capital Select GrowthDecember 2025
Quanta Services, Inc. is the leading U.S. grid contractor positioned to benefit from multidecade electrification and AI-driven power infrastructure upgrades.
Read the full thesis - Baron Durable Advantage FundDecember 2025
Quanta Services is a leading specialty contractor with a unique self-perform, skilled workforce model positioned to compound earnings amid secular grid, electrification, and AI data center tailwinds.
Read the full thesis - Tamim Global High ConvictionMarch 2025
Quanta Services is a crucial player in the energy transition, providing essential infrastructure services for both renewable and traditional energy sources while benefiting from a booming market and strong financial performance.
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