Tronox Holdings Plc (TROX) Pressured by Softer Guidance and Leverage Risks

Tronox Holdings Plc (TROX) Pressured by Softer Guidance and Leverage Risks

Mon, August 17, 2026 at 5:11 PM GMT+3 3 min read

• TROX -2.18%

Voya Investment Management, an investment management company, released its second-quarter 2026 investor letter for its "Voya MI Dynamic Small Cap Fund." A copy of the letter can be downloaded here. US Equity markets rebounded strongly in the second quarter of 2026, recovering from geopolitical tensions that nearly pushed the S&P 500 Index into correction territory. Technology dominated the landscape, powered by increasing AI adoption, while industrials benefited from strong capital expenditure. Small-cap and growth stocks outperformed; investors grew selective amid concerns about returns, competition, and regulation. The Fund outperformed the Index, benefitting from stock selection in energy, consumer discretionary, and health care sectors. Overall market performance could become more volatile due to rising costs and increased supply from IPOs and secondary issuances. Additionally, reviewing the Fund's top five holdings could help identify its best picks for 2026.

In its Q2 2026 investor letter, Voya MI Dynamic Small Cap Fund highlighted Tronox Holdings plc (NYSE:TROX), which accounted for 0.40% of the portfolio, detracted from performance during the quarter. Incorporated in 2018, Tronox Holdings plc (NYSE:TROX) is a vertically integrated mining company and leading manufacturer of TiO2 pigment. On August 14, 2026, Tronox Holdings plc (NYSE:TROX) closed at $5.96 per share. The one-month return of Tronox Holdings plc (NYSE:TROX) was 0.17%, and its shares gained 46.08% over the past 52 weeks. Tronox Holdings plc (NYSE:TROX) has a market capitalization of $951.8 million.

Voya MI Dynamic Small Cap Fund stated the following regarding Tronox Holdings plc (NYSE:TROX) in its Q2 2026 investor letter:

"The overweight position in Tronox Holdings plc (NYSE:TROX), a titanium dioxide pigment producer, was primarily driven by risk management reasons and had a negative impact on performance. The stock was pressured by softer earnings guidance, high leverage concerns, and competitive headwinds including elevated Chinese export volumes."

Tronox Holdings plc (NYSE:TROX) is not on our list of 40 Most Popular Stocks Among Hedge Funds Heading Into 2026. According to our database, 31 hedge fund portfolios held Tronox Holdings plc (NYSE:TROX) at the end of the first quarter, compared to 32 in the previous quarter. While we acknowledge the potential of Tronox Holdings plc (NYSE:TROX) 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 thebest short-term AI stock.

In another article, we covered Tronox Holdings plc (NYSE:TROX) and shared Voya MI Dynamic Small Cap Fund's insight on the company from the previous quarter. In addition, please check out our hedge fund investor letters Q2 2026 page for more investor letters from hedge funds and other leading investors.

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Disclosure: None. This article is originally published at Insider Monkey.