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| Quarter | Letter Date | Fund Name | QTD | YTD | Tickers | Themes | Quick Take |
|---|---|---|---|---|---|---|---|
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"Prosper Stars & Stripes ended 2025 with solid returns, capitalizing on profitable exits in tech and industrials. The manager is highly constructive on small caps for 2026, expecting monetary easing and tax cuts to drive a cyclical rebound."
During Q4 2025, Prosper Stars & Stripes returned +1.2%, while the core Roubaix Composite finished the full year 2025 with a +9.9% gain. The macro backdrop remains resilient despite late-2025 government shutdown noise, showing moderating inflation and supportive rate cuts. The fund generated solid long-book returns from SiTime (SITM) and ATI, both of which were exited on valuation, while Alpha Teknova (TKNO) lagged. Successful short positions included StubHub (STUB) and Innodata (INOD), while Brinker (EAT) detracted. Moving into 2026, the manager is constructive on small-cap stocks due to monetary and fiscal tailwinds, expecting small-cap earnings growth to outpace large caps.
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Algorithmic conviction, macroeconomic posture, and risk appetite signals extracted from this quarterly letter with qualitative explanations.
Market Conviction
High-conviction positioning: Prosper Stars & Stripes ended 2025 with solid returns, capitalizing on profitable exits in tech and industrials. The manager is highly constructive on small caps for 2026, expectin...
Growth Outlook
Market outlook remains above average conviction: Prosper Stars & Stripes ended 2025 with solid returns, capitalizing on profitable exits in tech and industrials. The manager is highly constructive on small caps for 2026, expectin...
Risk Appetite
Risk appetite posture is above average conviction: Prosper Stars & Stripes ended 2025 with solid returns, capitalizing on profitable exits in tech and industrials. The manager is highly constructive on small caps for 2026, expectin...
Capital Deployment
Manager actively deployed capital into high-conviction opportunities. Prosper Stars & Stripes ended 2025 with solid returns, capitalizing on profitable exits in tech and industrials. The manager is highly constructive on small caps for 2026, expectin...
Forward Guidance
Forward guidance signal: Prosper Stars & Stripes ended 2025 with solid returns, capitalizing on profitable exits in tech and industrials. The manager is highly constructive on small caps for 2026, expectin...
Language Signal
Tone analysis indicates above average conviction language: Prosper Stars & Stripes ended 2025 with solid returns, capitalizing on profitable exits in tech and industrials. The manager is highly constructive on small caps for 2026, expectin...
Perceived Risk
Perceived risk level is evaluated as moderate conviction. Prosper Stars & Stripes ended 2025 with solid returns, capitalizing on profitable exits in tech and industrials. The manager is highly constructive on small caps for 2026, expectin...
Opportunity Density
Opportunity density index indicates above average conviction actionable entry points. Prosper Stars & Stripes ended 2025 with solid returns, capitalizing on profitable exits in tech and industrials. The manager is highly constructive on small caps for 2026, expectin...
Time Horizon
Investment time horizon reflects a above average conviction orientation. Prosper Stars & Stripes ended 2025 with solid returns, capitalizing on profitable exits in tech and industrials. The manager is highly constructive on small caps for 2026, expectin...
