U.S. Small-Cap Growth
Strategy Highlights
- Stock selection driven by proprietary fundamental research
- Long-only portfolio of up to 120 growth stocks
- Benchmarked to the Russell 2000 Growth Index®
Investment Approach
We believe the US small-cap equity market is relatively inefficient. For over two decades, Hood River has employed a process that utilizes rigorous proprietary, fundamental analysis that attempts to identify an information gap between our earnings estimates and Wall Street estimates.
- Find the best businesses from those growing at 15%+ with market caps of $5 billion or less.
- Build and corroborate our estimates by talking to management, customers, suppliers.
- Identify potential research gaps by comparing our estimates to Street expectations.
- Ensure we pay the right price by evaluating historical, peer, industry valuations.
Hood River Capital Management offers this strategy through an advised mutual fund and separately managed accounts.
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Small-Cap Growth Commentary – June 30, 2024
The second quarter was slightly soft for US small cap growth stocks, as the Russell 2000® Growth Index (the benchmark) fell by -2.92% in the three mo
Small-Cap Growth Commentary – March 31, 2024
The overall macro environment provided tailwinds for US equities in the first quarter of 2024 — and growth over value, in particular. The Russ
Small-Cap Growth Commentary – December 31, 2023
The fourth quarter of 2023 was a wild ride for US small caps, as the Russell 2000® Growth Index (the benchmark) hit both its annual nadir and peak du
Small-Cap Growth Commentary – September 30, 2023
The third quarter of 2023 was rough for equities — US Small Caps were particularly impacted as the Russell 2000® Growth Index (the benchmark) f
Small-Cap Growth Commentary – June 30, 2023
Investors had faced a wall of worry in 2022 as companies attempted to navigate inflationary pressures, rising interest rates, and a potential slowdown
Small-Cap Growth Commentary – March 31, 2023
While larger-cap equity indices closed out March higher than their February-end levels, the collapse of Silicon Valley Bank and Signature Bank disprop
Small-Cap Growth Commentary – December 31, 2022
We hope everyone had a happy and healthy holiday season. 2022 was certainly a rough year for equities, and for small-cap growth stocks in particular.
Small-Cap Growth Commentary – September 30, 2022
Following a tumultuous first half of 2022, our benchmark, the Russell 2000® Growth Index appreciated +0.24% in the third quarter. While the index was
Small-Cap Growth Commentary – June 30, 2022
It’s difficult to overstate the challenges the markets have faced thus far in 2022. Concerns over inflation, a slowing/stalling economy, and the Fed
Small-Cap Growth Commentary – March 31, 2022
The volatility across equity markets seen in late 2021 continued into the first quarter of 2022, which had a rocky start. Concerns over Covid’s impa
Small-Cap Growth Commentary – December 31, 2021
The Hood River Capital team hopes this year-end commentary finds you happy and healthy as we wrap up yet another year. 2021 was marked by uncertainty
Small-Cap Growth Commentary – September 30, 2021
With the onset of the Delta variant, COVID once again topped headlines in the third quarter. While yet another surge in case counts was indeed a cause
Small-Cap Growth Commentary – June 30, 2021
The general tone of the market has changed somewhat since our Q1 2021 update. Following four years of growth style outperforming value, the first thre
Small-Cap Growth Commentary – March 31, 2021
It’s fair to say most everyone was ready to turn the page on the calendar and put 2020 in the rear view mirror. While the economy and various commun
Small-Cap Growth Commentary – December 31, 2020
We hope this letter finds all of our investors and their families healthy and happy as we head into 2021. Most have been ready to turn the calendar to
Small-Cap Growth Commentary – September 30, 2020
The Hood River Small-Cap Growth strategy returned 14.52% net of fees in the third quarter of 2020, beating the Russell 2000® Growth Index by 736 basi
Small-Cap Growth Commentary – June 30, 2020
The Hood River Small-Cap Growth strategy returned 39.06% net of fees in the second quarter, beating the Russell 2000® Growth Index by 848 basis point
