Mott Capital Management's Thematic Growth Strategy returned 9.01% year to date through Q3 2026, trailing the S&P 500 Total Return Index's 12.75%, with Illumina among its strongest performers. The fund reduced its Illumina position after the share price rose and used the proceeds to buy Cboe, citing the growth potential of options trading. In its Q3 letter, the manager said Illumina shares rose sharply as investors looked toward a re-acceleration in growth, and that it was time to reduce the position and realize some gains. Illumina (ILMN) fell 16.18% over the past month, traded between $112.65 and $309.35 over the past 52 weeks, and closed at about $226.58 on November 2, 2026, with a market capitalization of about $34.26 billion.
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