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| Quarter | Letter Date | Fund Name | QTD | YTD | Tickers | Themes | Quick Take |
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Buyside Digest is not affiliated with, and does not endorse, Hood River Capital - New Opportunities Fund. This analysis is provided for institutional research purposes only and is not investment advice.
"Beating its benchmark by 1,208 bps through effective stock selection. Constructive on SMID Cap Growth valuations and is positioned defensively against tariff volatility and consumer softness."
For the quarter ended June 30, 2025, the Hood River New Opportunities Fund (Institutional Share Class) returned +23.39%, outperforming the Russell 2500 Growth Index by 1,208 bps. Outperformance was primarily driven by stock selection, particularly in financials (+581 bps), industrials (+308 bps), and information technology (+233 bps). In the macroeconomic environment, Q2 stood in stark contrast to Q1's turbulence, with inflation easing, steady demand, and manageable supply chain disruptions. Sector-wise, the fund is overweight industrials (+513 bps) and underweight consumer discretionary (-470 bps) as they monitor lower-end consumer softness. Going into the second half of 2025, the fund is positioned to capture gains from attractive SMID Cap Growth valuations and positive earnings revision dynamics.
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Algorithmic conviction, macroeconomic posture, and risk appetite signals extracted from this quarterly letter with qualitative explanations.
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