Carrier Global (CARR) Sold Off Due to Guidance Cut

Core Insights - Impax Asset Management's "Impax Global Environmental Markets Fund" reported a 4.55% return in Q3 2025, underperforming the MSCI ACWI index which returned 7.62% [1] Group 1: Market Performance - Global equities experienced strong gains in Q3 2025 due to solid macroeconomic conditions, rising corporate earnings, fiscal stimulus, and banking deregulation [1] - The focus on hypergrowth, cyclical, and value stocks has led to challenges for quality-focused investors, resulting in increased market concentration [1] Group 2: Carrier Global Corporation (NYSE:CARR) - Carrier Global Corporation, a provider of intelligent climate and energy solutions, saw a one-month return of -1.58% and a 52-week loss of 22.97%, closing at $53.50 per share with a market capitalization of $45.53 billion on December 24, 2025 [2] - Weaker US residential HVAC volumes led to a material guidance cut for Carrier Global Corporation, resulting in a sell-off in Q3 [3] - Despite a softer demand outlook, the company is viewed as attractively priced and positioned to benefit from improved end-market demand nearing cyclical lows [3] Group 3: Hedge Fund Interest - Carrier Global Corporation was held by 48 hedge fund portfolios at the end of Q3 2025, a decrease from 53 in the previous quarter [4] - The potential of Carrier Global Corporation as an investment is acknowledged, but certain AI stocks are considered to offer greater upside potential and less downside risk [4]