Value-oriented funds were crushed this quarter by tech stocks, but FedEx’s double-digit growth is at least a consolation prize.

Crypto News outlet message: FedEx Corporation (NYSE: FDX), managed by Long Ye Partners, released its 2026 second-quarter investment letter, noting that the assets held in its investment portfolio are attractive under the current P/V and P/FCF metrics. Although the fund delivered a quarterly return of 3.87% this quarter—significantly lagging the S&P 500’s 15.20% and the Russell 1000 Value Index’s 13.87% growth—the underweighting in the information technology (IT) sector was identified as the primary reason. FedEx was highlighted in the letter as the fund’s top contributor for the quarter: revenue in the Core Express (FEC) segment grew by 14%, while adjusted operating income increased by 13%.