Suncoast Equity Adds to Amphenol Position on Datacenter and AI Demand

Insider Monkey··US·Read original
2▲1 ▼1Impact / 5
Summary · why it matters

Suncoast Equity Management's U.S. Equity Large Cap Select Growth Strategy increased its position in Amphenol Corporation, funded by selling its small Aon holding, according to the firm's Q3 2026 investor letter. The strategy said Amphenol offers a more attractive combination of organic growth, earnings momentum and long term exposure to rising datacenter and AI infrastructure spending, and that the company should also benefit from increasing connectivity and electronic content across aerospace, defense, industrial and automotive end markets independent of the AI boom. Earnings estimates have risen materially, with expected growth of +60% in 2026 and +22% in 2027. Amphenol closed at $87.55 on October 07, 2026, with a $215.89 billion market capitalization, a 29.57% year-to-date gain and a 52-week range of $59.01 to $89.93. The strategy advanced 4.2% after fees in the third quarter, compared to 2.3% for the S&P 500, and has risen 14.5% after fees since March.

Impact on assets 2

Semiconductors▲
Amphenol Corporation
APH
▲ PositiveDemandrelevance

Suncoast added to Amphenol citing organic growth and rising datacenter/AI infrastructure spending plus connectivity content across aerospace, defense, industrial and automotive end markets.

Climate Adaptation & Water▼
Aon PLC
AON
▼ NegativeCapitalrelevance

Suncoast sold its small Aon holding to fund the Amphenol purchase, a portfolio reallocation away from Aon.

Off-coverage companies 1

Suncoast Equity Managementi
Private± Mixedrelevance