What to Know About This Fund's $140 Million FTI Consulting Bet Amid Rising Demand

Fiduciary Management acquired 823,713 shares of FTI Consulting for approximately $140.52 million in Q1 2026, representing a contrarian bet on a high-quality business that has underperformed the market. Despite a 10% year-over-year stock decline, FTI Consulting showed strong Q1 revenue growth of 9.5% with particularly robust performance in Corporate Finance (up 19%) and Strategic Communications (up 18%), though adjusted EBITDA margins compressed from 12.8% to 9.8% due to increased compensation and SG&A expenses.