Andrew Hill Investment Advisors reported a strong second quarter for 2026, marked by a significant stock market rally and new record highs.
The performance indicates a swift recovery for the firm and its clients after a period of volatility and losses during the first quarter of the year.
According to the firm's Q2 2026 client letter, the period began with a "white-hot rally" that erased previous losses [1]. This upward momentum was most evident during the spring months, where the market saw substantial gains across the board.
Specific data from the report shows that the market rallied by 10.4% in April [1]. This growth continued into the following month, with a further rally of 5.15% in May [1]. These gains allowed the market to set several record highs throughout the quarter [1].
The firm's recent disclosures include both the client letter and a detailed list of significant positions held by the advisor [1], [2]. These documents provide transparency into how the firm navigated the transition from the losses of the first quarter to the growth seen in the second.
While the first quarter presented challenges, the surge in April and May shifted the trajectory for the year. The recovery highlights the volatility of the current market cycle, a pattern of sharp declines followed by aggressive rallies.
“Q2 of 2026 started with a white-hot rally in the stock market”
The rapid recovery in Q2 2026 suggests a high level of market volatility where deep losses can be erased within a two-month window. For investors, the ability to maintain positions through the first-quarter downturn was essential to capturing the subsequent 10.4% and 5.15% gains in April and May.
