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Broyhill Asset Management stated in its Q2 investor letter that it exited its position in Accenture (ACN) in June, following a 38% decline in Accenture's stock price.
Broyhill Asset Management stated in its Q2 2026 letter to investors that Accenture (ACN) shares fell 38%, and the firm exited the position in June. Broyhill believes that Accenture's bookings declined by 3%, and managed services book-to-bill ratio was below 1. Management responded by raising acquisition guidance rather than focusing on the core business, which failed to boost confidence in the core operations.
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