Aristotle
Aristotle Small/Mid Cap Equity WM Composite
US Mid-cap
Jun 2026 → Jun 2026
Our archive holds 1 letter from this strategy, behind 4 investment theses and positions in 10 companies. Every quote below is copied verbatim from the letter it came from.
1 letter in a year — follow all of Aristotle for every strategy.
What it bought and sold
We exited the position after the loss of a significant customer contract materially changed our investment thesis, reducing confidence in the company’s long term earnings and growth outlook.
UMB Financial (UMBF), is a regional bank with a diversified business model spanning commercial banking, institutional asset servicing, private wealth management, healthcare payments, and specialty financial services.
WesBanco (WSBC), is a regional bank with a diversified franchise spanning commercial banking, consumer banking, wealth management, and trust services.
The position was liquidated due to deteriorating fundamentals.
Jones Lang LaSalle (JLL), is a leading global commercial real estate services firm positioned to benefit from a recovery in leasing, capital markets, and investment activity as commercial real estate fundamentals improve.
Also held
Its investment theses
- UMB FinancialJun 2026UMB Financial is a diversified regional bank held for its fee-based revenue mix, disciplined underwriting, strong credit quality, and long-term earnings growth potential.
- Mercury SystemsJun 2026Mercury Systems provides mission-critical aerospace and defense electronics and is held for its operational turnaround, expanding margins, lower leverage, and attractive valuation.
- Jones Lang LaSalleJun 2026Jones Lang LaSalle provides global commercial real estate services and is held for a recovery in transaction activity, recurring revenues, scale advantages, and long-term earnings growth.
- WesBancoJun 2026WesBanco is a diversified regional bank held for its attractive valuation, Premier Financial integration, improving efficiency, and loan growth.