Voya Investment Management, an investment management firm, released its Q1 2026 investor letter for its “Voya MI Dynamic Small Cap Fund.” This is an actively managed core US small cap stock strategy. A copy of the letter can be downloaded here. The first quarter of 2026 was challenging for equity markets as declining inflation was…
Voss Capital, LLCan investment management firm, released its Q1 2026 investor letter. A copy of the letter can be downloaded here. Voss Capital’s funds, Voss Value Fund, LP and Voss Value Offshore Fund, Ltd returned -11.4% and -11.5%, respectively, for investors net of fees and expenses, in the first quarter compared to a +0.9% return…
Fred Alger Managementan investment management company, published its Q1 2026 “Alger Weatherbie Specialized Growth Fund” investor letter. A copy of the letter can be downloaded here. In the first quarter of 2026, Alger Weatherbie Specialized Growth Fund Class A shares underperformed the Russell 2500 Growth Index. The information technology and consumer staples sectors contributed to…
Crossroads Capital LLC, an investment management firm, released its Q1 2026 investor letter. You can download a copy here. The Fund increased 4.2% net of fees and expenses during the quarter. Since its founding, the fund has compounded at a gross rate of 21.3% and a net rate of 17.1%. At the end of March…
Ariel Investments, an investment management company, published its Q1 2026 “Ariel Appreciation Fund” investor letter. A copy of the letter can be found downloaded here. The fund reported gaining 1.14% during the quarter, underperforming both the Russell Midcap Value Index (+3.68%) and the Russell Midcap Index (+1.29%) amid a volatile, risk-averse environment that saw the…
Baron Capitalan investment management firm, published its Q1 2026 investor letter for the “Baron Small Cap Fund.” A copy of the letter can be downloaded here. Baron Small Cap Fund was down 7.90% (institutional stocks) in the first quarter of 2026, lagging the -2.81% return of the Russell 2000 Growth Index. The first quarter began…
Ariel Investments, an investment management company, published its “Ariel Small Cap Value” investor letter for the first quarter of 2026. A copy of the letter can be downloaded here. Its Ariel Small Cap Value strategy reportedly generated a modest 0.92% gain net of fees in the first quarter of 2026, slightly outperforming the broader Russell…
Baron Capitalan investment management firm, released its Q1 2026 investor letter for the “Baron Health Care Fund.” A copy of the letter is available to download here. Baron Health Care Fund (the Fund) declined 6.97% (institutional shares) for the quarter, compared to the 4.88% decline in the Russell 3000 Health Care Index (the benchmark) and…
Ariel Investments, an investment management company, published its “Ariel Small Cap Value” investor letter for the first quarter of 2026. A copy of the letter can be downloaded here. Its Ariel Small Cap Value strategy reportedly generated a modest 0.92% gain net of fees in the first quarter of 2026, slightly outperforming the broader Russell…
Investment management firm Nightview Capital recently released its Q1 2026 investor letter. A copy of the letter can be downloaded here. In the first quarter of 2026, market dynamics were driven by geopolitical and structural factors. Some concerns about market fear are valid; However, the market response has been too broad rather than precise. Together,…
