Browse the world's most comprehensive database of hedge fund investor letters, sorted by recent quarter. Access primary source research from leading institutional managers.
Browse the world's most comprehensive archive of hedge fund manager letters. Access primary source research from leading institutional managers, sorted by reporting period.
Wasatch Micro Cap Fund returned 27.41% in Q2 2026, slightly trailing the benchmark's 28.98% as AI-driven concentration dominated micro-cap performance. Stock selection in infrastructure-related materials and industrials added value, led by semiconductor plays Ambiq Micro and Veeco Instruments. Consumer holdings disappointed, with Vital Farms and TriSalus exited. The Russell reconstitution removing elevated-cap AI stocks may support relative performance as earnings growth regains focus.
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Wasatch Micro Cap Fund returned 27.41% in Q2 2026, slightly trailing the benchmark's 28.98% as AI-driven concentration dominated micro-cap performance. Stock selection in infrastructure-related materials and industrials added value, led by semiconductor plays Ambiq Micro and Veeco Instruments. Consumer holdings disappointed, with Vital Farms and TriSalus exited. The Russell reconstitution removing elevated-cap AI stocks may support relative performance as earnings growth regains focus.
