Babcock & Wilcox Enterprises, Inc.

The top contributors to the Portfolio's relative performance in the quarter were Kodiak Sciences, Flotek Industries, and Hyperliquid Strategies. The most significant detractors from the Portfolio's relative performance in the quarter were Vishay Precision Group, Babcock & Wilcox, and CareDx (not held). The salient changes to positioning this quarter included our increased exposure to Health Care and decreased exposure to Industrials.

AKRON, Ohio--(BUSINESS WIRE)---- $BW--Babcock & Wilcox Enterprises, Inc. will host a conference call and webcast on Monday, November 9, 2026 at 5 p.m. ET.

Rising Treasury yields have driven down fixed-income prices, creating higher-yield opportunities for income investors without increased credit risk. Entergy Louisiana bonds now offer a 6.7% yield-to-maturity, with spreads to Treasuries much tighter than at issuance, reflecting market expectations for temporary yield spikes. Funds like DMB and PIMCO funds trade at discounts to NAV, amplifying volatility and offering entry points for long-term buyers as NAVs adjust to higher rates.

Babcock (NYSE: BW - Get Free Report) and Nextpower (NASDAQ: NXT - Get Free Report) are both industrials companies, but which is the superior business? We will compare the two companies based on the strength of their profitability, dividends, earnings, risk, analyst recommendations, valuation and institutional ownership. Earnings and Valuation This table compares Babcock and Nextpower"s revenue,