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.
The fund outperformed its benchmark despite declining 6.81% in Q1 2026, benefiting from energy sector overweights driven by its book-to-market and profitability screening approach. Mixed results across quality quartiles created some headwinds, but avoiding the lowest-quality growth stocks helped relative performance as value outperformed growth broadly.
Full Quick Take
The fund outperformed its benchmark despite declining 6.81% in Q1 2026, benefiting from energy sector overweights driven by its book-to-market and profitability screening approach. Mixed results across quality quartiles created some headwinds, but avoiding the lowest-quality growth stocks helped relative performance as value outperformed growth broadly.
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.
Full Quick Take
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.
