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Explore thousands of hedge fund pitches, high-conviction equity research memos, and portfolio manager commentary extracted from quarterly letters.
Explore thousands of hedge fund pitches, high-conviction equity research memos, and portfolio manager commentary extracted from quarterly letters.
For the quarter ended December 31, 2025, the Ariel Small Cap Value Tax-Exempt Composite gained +3.17% gross (+3.03% net), performing slightly behind the Russell 2000 Value Index (+3.26%) but ahead of the Russell 2000 Index (+2.19%). SPHR, AMG, and...
— Ariel Investments, LLC
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