Antipodes Global Fund Exited Westlake Corporation (WLK) Due to Weak Demand and Restructuring Concerns

Antipodes Global Fund Exited Westlake Corporation (WLK) Due to Weak Demand and Restructuring Concerns Soumya Eswaran Thu, June 25, 2026 at 11:13 PM GMT+7 3 min read WLK Antipodes Partners published its "Antipodes Global Strategy" first-quarter 2026 investor letter, highlighting the key performance stocks, portfolio changes, and the market outlook. A copy of the letter can be downloaded here. The first quarter of 2026 was highly volatile. Early optimism shifted to a historic energy shock caused by US-Israeli strikes on Iran. Global equities dropped 3.2% in USD, with US equities falling 4.6%, and value stocks outperformed growth stocks as the rotation away from mega-cap tech accelerated due to AI fears. The strategy outperformed the benchmark over the quarter and the 12 months to March 31, 2026. Exposure in North America, Korea, Western Europe, and Latin America regions boosted performance, while Canada and the UK lagged. Energy, consumer discretionary, industrials, and healthcare sectors led the performance, while financials, real estate, and materials lagged. To manage risk, the firm increased its holdings in defensive sectors during the quarter. For insights into their key selections for 2026, please review the Strategy's top five holdings.

In its first-quarter 2026 investor letter, Antipodes Global Strategy highlighted Westlake Corporation (NYSE:WLK). Westlake Corporation (NYSE:WLK) is a US-based manufacturer and marketer of performance and essential materials, and housing and infrastructure products. On June 24, 2026, Westlake Corporation (NYSE:WLK) closed at $75.87 per share. One-month return of Westlake Corporation (NYSE:WLK) was -13.00%, and its shares gained 0.22% over the past 52 weeks. Westlake Corporation (NYSE:WLK) has a market capitalization of $9.72 billion.

Antipodes Global Strategy stated the following regarding Westlake Corporation (NYSE:WLK) in its Q1 2026 investor letter: