Core Insights - The London Company's Income Equity Portfolio declined 1.4% gross (-1.6% net) in Q4 2025, underperforming the Russell 1000 Value Index which gained 3.8% [1] - For the full year, the portfolio delivered +14.4% gross (+13.5% net) compared to +15.9% for the benchmark, aligning with long-term upside capture objectives despite a challenging environment for Quality, Yield, and Low Volatility factors [1] - Management noted that value factors led returns during the quarter, while the portfolio's lack of direct bank exposure and tilt toward Quality and Yield-oriented stocks acted as headwinds [1] Company Highlights - Corning Incorporated (NYSE:GLW) is highlighted for its strong performance driven by demand in Optical Communications, particularly for GenAI-related products [3] - Corning's stock had a one-month return of -0.20% and traded between $37.31 and $162.10 over the last 52 weeks, closing at approximately $131.76 per share on March 11, 2026, with a market capitalization of about $113.04 billion [2] - The demand for increasing data speed and bandwidth requirements is boosting Corning's topline, leading to meaningful operating leverage [3]