Small Cap Performance
Below are the calendar year and annualized returns for our small cap composite portfolio. Calendar Year Returns 2024 2023 2022 2021 2020 Small Cap Composite 1,2 +4.2% +25.2% -16.8% +52.0% +27.3% Russell 2000 Index2 +11.5% +16.9% -20.4% +14.8% +20.0% Annualized Returns Through Q1, 2025 As of 3/31/2025 Q1, 2025 1 Year 5 Years Inception Annualized3 […]
Small Cap Q1 2025 Commentary
Rolling 5-Year Results Remain Strong Our goal has always been to deliver exceptional 5-year rolling returns—and we’ve done just that. For those who believed in us from the start, thank you. We’re proud to have delivered industry- leading results over the long term. While the past year has been underwhelming, it’s consistent with our message […]
Small Cap Year End 2024 Commentary
Celebrating 5-Years of Success To the clients who supported us from the beginning, thank you! Over the past five years, our portfolio has compounded at just over 16% annually (based on our composite), exceeding our 15% goal and significantly outpacing the Russell 2000, which compounded at 7.4% during the same period. This achievement required discipline […]
Small Cap Q3 2024 Commentary
5-year goal in focus! As we approach our five-year anniversary, we’re pleased to report that our goal of achieving an annualized return of around 15% (net of fees) over this period seems within reach, barring any significant market disruptions in Q4. We’re proud to be on track for these returns, especially given the challenges we’ve […]
Small Cap Q2 2024 Commentary
Love me or hate me, but please don’t ignore me! We are pleased by our performance over the past year and since inception. Our portfolio companies continue to thrive based on our analysis. They are all advancing their businesses in ways that we believe add exciting long-term value for shareholders. In 2024, however, the market’s […]
Small Cap Q1 2024 Commentary
Q1 An Uneventful Quarter The first quarter was relatively uneventful in our portfolio. The Small Cap Composite finished the quarter flat, trailing the Russell 2000 Index. The stocks of our largest positions were mixed, some helping, some hurting, causing the rather pedestrian performance. Underneath the stock performance the fundamental picture is quite positive. We are […]