ICON plc (ICLR) Surged 57% in Q2 After Accounting Clarity

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Skip to navigationSkip to main contentSkip to right columnADVERTISEMENTSoumya EswaranTue, August 4, 2026 at 6:27 PM GMT+2 2 min readGreenskeeper Asset Management, an independent firm that specializes in disciplined value investing, recently released its Q2 2026 scorecard. A copy is available to download here.  After a slow start to the year, the Fund gained 10.9% in the quarter, lifting its year-to-date return to 1.9%. The rebound came as markets showed signs of rotating away from momentum stocks and toward companies supported by reasonable valuations. Please review the Fund's top five holdings to gain insights into their key selections for 2026.In its second-quarter 2026 investor letter, Greenskeeper Asset Management highlighted ICON Public Limited Company (NASDAQ:ICLR). ICON Public Limited Company (NASDAQ:ICLR), a clinical research organization that provides outsourced development and commercialization services, delivered strong performance during the quarter. On August 03, 2026, ICON Public Limited Company (NASDAQ:ICLR) closed at $158.41 per share. The one-month return of ICON Public Limited Company (NASDAQ:ICLR) was -4.35%, and its shares lost 5.71% over the past 52 weeks. ICON Public Limited Company (NASDAQ:ICLR) has a market capitalization of $12.13 billion.Greenskeeper Asset Management stated the following regarding ICON Public Limited Company (NASDAQ:ICLR) in its Q2 2026 investor letter:"Our top performer in the second quarter was ICON Public Limited Company (NASDAQ:ICLR), which gained 57%. The surge followed the release of ICLR's delayed year-end and first-quarter results, which provided clarity on the accounting issues that had previously weighed heavily on the stock.ICLR had been the Value Fund's largest detractor in the first quarter, after announcing in February that it would delay its year-end results and restate its 2023 and 2024 financial statements due to revenue overstatements. The stock plummeted as investors rushed to sell amid the uncertainty..." (Click here to read the full text)ICON Public Limited Company (ICLR): Among Small-Cap Healthcare Stocks Hedge Funds is BuyingICON Public Limited Company (NASDAQ:ICLR) is not on our list of the 40 Most Popular Stocks Among Hedge Funds. As per our database, 49 hedge fund portfolios held ICON Public Limited Company (NASDAQ:ICLR) at the end of the first quarter which was 41 in the previous quarter. While we acknowledge the potential of ICON Public Limited Company (NASDAQ:ICLR) as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.Terms and Privacy PolicyEU DSA contactPrivacy & Cookie SettingsMore Info