Small Cap Growth Equity Strategy

Small cap companies with high appreciation potential and strong acquisition appeal in growing markets.

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Overview

Our Small Cap Growth Equity strategy targets emerging leaders in dynamic and growing markets. We focus on small capitalization companies with significant appreciation potential, often exhibiting strong recurring revenue models and attractive characteristics for future acquisition or rapid market expansion.

This strategy typically holds 30-35 concentrated positions, allowing for deep conviction in each holding. Our investment process emphasizes identifying innovative companies with scalable business models, strong competitive advantages, and the potential for disruptive growth within their industries.

Portfolio Managers

Bill Tanner Headshot
Bill Tanner Chairman & Portfolio Manager
Chris Sessing Headshot
Chris Sessing, CFA Portfolio Manager
Andy Zamfotis Headshot
Andy Zamfotis, CFA Portfolio Manager

High Appreciation Potential

Identify small-cap companies with significant upside potential in rapidly growing markets.

Innovative Business Models

Focus on disruptive technologies and scalable business models for long-term growth.

Acquisition Appeal

Seek companies that are attractive targets for larger industry players, enhancing investor returns.

Strategy Details as of 6/30/25

Inception Date October 1, 2008
Investment Philosophy High-growth small capitalization companies with strong acquisition appeal and recurring revenue
Target Universe Small capitalization companies ($500M - $10B market cap)
Portfolio Construction Concentrated (typically 30-35 holdings)
Typical Turnover 40-50% annually
Benchmark Russell 2000 Growth
Risk Management Focus on balance sheet strength and competitive advantages to mitigate small-cap volatility
Key Differentiator Emphasis on M&A potential and early-stage recurring revenue
Cash position Typically less than 5%
Investment Style Aggressive growth
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