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| Quarter | Letter Date | Fund Name | QTD | YTD | Tickers | Keywords/Themes | Theme Commentary | Pitches | Letter |
|---|---|---|---|---|---|---|---|---|---|
| 2026 Q1 | Apr 20, 2026 | Invesco Small Cap Value Fund | 9.8% | 9.8% | AAOI, BHE, CON, DAR, ERO, EXPE, ICHR, ICLR, LITE, MKSI, QDEL | Intrinsic Value, semiconductors, small caps, technology, undervalued, value | View | ||
| 2026 Q1 | Apr 15, 2026 | Carillon Eagle Small Cap Growth Fund | - | - | AAOI, APPF, AROC, CRDO, GENI, IRTC, MOD, POWL, VITL | AI, Data centers, energy, growth, healthcare, Natural Gas, small cap, technology | APPF CRDO IRTC GENI VITL AROC POWL MOD AAOI |
View | |
| 2026 Q1 | Apr 14, 2026 | Driehaus Micro Cap Growth Strategy | 2.4% | 2.4% | AAOI, LASR, PRAX, SIMO, WULF | AI, energy, growth, industrials, Iran War, Micro-Cap, private credit, technology | View | ||
| 2025 Q4 | Jan 21, 2026 | NCG Micro Cap Growth Strategy | 6.4% | 11.9% | AAOI, AGX, AII.TO, ALKT, AMPX, AMSC, ATEC, AVPT, AXGN, BLND, INOD, INTA, PHAT, PL, PSNL, TATT, TCMD, UAMY, UTI | active management, Biotechnology, growth, Microcap, Quality, small caps, underperformance | The firm emphasizes investing in high-quality growth companies with proven business models and sustainable growth drivers. They note that quality factors worked against active managers in 2025, with low-quality stocks significantly outperforming. The S&P 600 Growth Index, which requires profitability and has market cap constraints, returned only 5.4% versus Russell 2000/Microcap Growth at 13% and 22% respectively. Biotech was a significant area of outperformance that the firm avoided, contributing approximately 8 points to the Russell Microcap Growth Index's 21.84% return. The firm maintains low or no exposure to biotech, viewing many business models as unproven despite strong recent performance. This sector constituted almost all of the relative underperformance from their microcap strategy. The firm sees improving conditions for small cap performance, with earnings growth turning positive in 2025 and expected to accelerate in 2026. Small caps historically benefit during Fed rate-cutting cycles and continue to trade at a relative discount to large caps. Combined with an improving fundamental backdrop, they believe there's opportunity for this discount to narrow. | View |
| Date | Pitch Type | Author | Company | Industry | Sub Industry | Bull / Bear | Stock Exchange | Keywords | Action |
|---|---|---|---|---|---|---|---|---|---|
| Apr 28, 2026 | Fund Letters | Carillon Eagle Small Cap Growth Fund | Applied Optoelectronics | Communication Equipment | Communications Equipment | Bull | NASDAQ | AI data centers, Communications Equipment, Fiber Optic, hyperscale, infrastructure, manufacturing capacity, Networking | View Pitch |
| Apr 27, 2026 | Fund Letters | Silver Ring Value Partners | O-I Glass | Materials | Glass Products | Bull | NYSE | balance sheet improvement, Cyclical, Free Cash Flow, Glass Manufacturing, Packaging, Private Equity Target, Technology investment, Value | View Pitch |
| Feb 4, 2026 | Twitter / X | @crux_capital_ | Applied Optoelectronics, Inc. | Information Technology | Communications Equipment | Bull | NASDAQ | 1.6T, 800G, Automation, broadband, Capacity, CATV, datacenter, Optics, SiliconPhotonic, SugarLand, Transceivers, Verticalintegration | View Pitch |
| Sep 16, 2025 | Short Thesis | Culper Research | Applied Optoelectronics Inc | Information Technology | Communications Equipment | Bear | NASDAQ | data centers, hyperscale, Margins, Optical, Transceivers | View Pitch |
| Manager Name | Fund Name | Fund AUM | Invested Value | Portfolio Weight | Shares Owned | Shares Bought / Sold During Quarter | % Bought / Sold During Quarter | % of Shares Outstanding Owned |
|---|---|---|---|---|---|---|---|---|
| No investor data available. | ||||||||