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Meridian Contrarian Fund Reduced Its Position in CACI International Inc (CACI) in Q2 2026 Due to Concerns Over U.S. Defense Spending
Meridian Contrarian Fund, managed by ArrowMark Partners, stated in its second-quarter 2026 investor letter that it reduced its position in CACI International Inc (NYSE:CACI). The fund cited concerns over the U.S. Government's ability to fund defense spending as the reason for the share price reduction that drove their decision. CACI International Inc provides IT consulting and mission-critical technology primarily to the U.S. Government and its agencies.
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