Fabrinet (FN) is Rising on Expected Data Centre Spending
Key takeaways
- In a volatile but positive quarter, the FPA Queens Road Small Cap Value Fund (“Fund”) returned 6.07%, beating the Russell 2000 Value Index’s 4.96%.
- In its first-quarter 2026 investor letter, FPA Queens Road Small Cap Value Fund highlighted Fabrinet (NYSE:FN) as a leading contributor.
- FPA Queens Road Small Cap Value Fund stated the following regarding Fabrinet (NYSE:FN) in its Q1 2026 investor letter:
Fabrinet (FN) is Rising on Expected Data Centre Spending Soumya Eswaran Mon, May 11, 2026 at 9:09 PM GMT+7 3 min read FN Investment management company First Pacific Advisors recently released its “FPA Queens Road Small Cap Value Fund” first-quarter 2026 investor letter. A copy of the letter can be downloaded here. In a volatile but positive quarter, the FPA Queens Road Small Cap Value Fund (“Fund”) returned 6.07%, beating the Russell 2000 Value Index’s 4.96%. The Fund expects better performance in down markets and underperformance in speculative ones due to its disciplined approach. Amid ongoing global commodity shocks, political issues, and economic fallout from the Iran conflict, the letter discusses small-caps and the firm s long-term investment strategy. In Q1, the fund continued to rebalance the portfolio towards higher-quality holdings, focusing on balance sheet strength, earnings consistency, and returns on capital. In addition, please check the Fund’s top five holdings to know its best picks in 2026.
In its first-quarter 2026 investor letter, FPA Queens Road Small Cap Value Fund highlighted Fabrinet (NYSE:FN) as a leading contributor. Fabrinet (NYSE:FN) is an optical packaging and precision optical, electro-mechanical, and electronic manufacturing services provider. On May 8, 2026, Fabrinet (NYSE:FN) closed at $621.28 per share. One-month return of Fabrinet (NYSE:FN) was -7.54%, and its shares gained 196.14% over the past 52 weeks. Fabrinet (NYSE:FN) has a market capitalization of $22.26 billion.
FPA Queens Road Small Cap Value Fund stated the following regarding Fabrinet (NYSE:FN) in its Q1 2026 investor letter: