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| Quarter | Letter Date | Fund Name | QTD | YTD | Tickers | Themes | Quick Take |
|---|---|---|---|---|---|---|---|
Buyside Digest is not affiliated with, and does not endorse, Mairs & Power - Small Cap Fund. This analysis is provided for institutional research purposes only and is not investment advice.
"The Mairs & Power Small Cap Fund underperformed in the first half of 2025 with an 8.33% decline, yet the managers remain highly constructive on small-caps given their historic valuation discount compared to large caps."
During the first half of 2025, the Mairs & Power Small Cap Fund declined 8.33%, underperforming the Russell 2000 TR Index (-1.79%) and the S&P Small Cap 600 TR Index (-4.46%) primarily due to stock selection issues in Health Care and Information Technology. Key detractors included Workiva and Bio-Techne, while Clearfield and Casey's General Stores were notable positive contributors. The Fund added Cognex Corp. and RadNet to the portfolio, while exiting Neogen and Altair. Managers highlight a widening valuation gap between small and large caps, offering an attractive entry point for long-term investors.
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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: The Mairs & Power Small Cap Fund underperformed in the first half of 2025 with an 8.33% decline, yet the managers remain highly constructive on small-caps given their historic valu...
Growth Outlook
Market outlook remains above average conviction: The Mairs & Power Small Cap Fund underperformed in the first half of 2025 with an 8.33% decline, yet the managers remain highly constructive on small-caps given their historic valu...
Risk Appetite
Risk appetite posture is above average conviction: The Mairs & Power Small Cap Fund underperformed in the first half of 2025 with an 8.33% decline, yet the managers remain highly constructive on small-caps given their historic valu...
Capital Deployment
Manager actively deployed capital into high-conviction opportunities. The Mairs & Power Small Cap Fund underperformed in the first half of 2025 with an 8.33% decline, yet the managers remain highly constructive on small-caps given their historic valu...
Forward Guidance
Forward guidance signal: The Mairs & Power Small Cap Fund underperformed in the first half of 2025 with an 8.33% decline, yet the managers remain highly constructive on small-caps given their historic valu...
Language Signal
Tone analysis indicates above average conviction language: The Mairs & Power Small Cap Fund underperformed in the first half of 2025 with an 8.33% decline, yet the managers remain highly constructive on small-caps given their historic valu...
Perceived Risk
Perceived risk level is evaluated as moderate conviction. The Mairs & Power Small Cap Fund underperformed in the first half of 2025 with an 8.33% decline, yet the managers remain highly constructive on small-caps given their historic valu...
Opportunity Density
Opportunity density index indicates high conviction actionable entry points. The Mairs & Power Small Cap Fund underperformed in the first half of 2025 with an 8.33% decline, yet the managers remain highly constructive on small-caps given their historic valu...
Time Horizon
Investment time horizon reflects a high conviction orientation. The Mairs & Power Small Cap Fund underperformed in the first half of 2025 with an 8.33% decline, yet the managers remain highly constructive on small-caps given their historic valu...
