Cooke & Bieler
Cooke & Bieler Mid Cap Value Equity
Jun 2026 → Sep 2026
Our archive holds 2 letters from this strategy, behind 4 investment theses and positions in 18 companies. Every quote below is copied verbatim from the letter it came from.
2 letters in a year — follow all of Cooke & Bieler for every strategy.
Performance
as of Sep 30, 2026 · net of fees · USD
- YTD+3.0%index +15.3%
- 1Y+4.4%index +16.9%
- 3Y · /yr+9.5%index +17.5%
- 5Y · /yr+5.0%index +9.3%
- 10Y · /yr+8.5%index +9.9%
Index: Russell Midcap Value Index
| YTD | 1Y | 3Yper year | 5Yper year | 10Yper year | |
|---|---|---|---|---|---|
| Cooke & Bieler Mid Cap Value Equity | +3.0% | +4.4% | +9.5% | +5.0% | +8.5% |
| Russell Midcap Value Index | +15.3% | +16.9% | +17.5% | +9.3% | +9.9% |
Disclaimer
These figures are copied from the manager’s latest letter, as of Sep 30, 2026. They were extracted automatically, have not been verified by HF Best Ideas and may contain errors. They cover a single share class, in the currency and fee basis stated above; other share classes and your own returns will differ. This is not investment advice, nor an offer to buy or sell any fund. Past performance does not predict future returns.
Read full disclosures →What it bought and sold
Midera Food Processing (MFP) was received through the spin-o of Middleby’s (MIDD) food processing division.
Asbury Automotive (ABG) is a leading, well-run, and diversied U.S. automotive dealer trading at an attractive valuation.
- TrimmedMidera Food ProcessingSep 2026
We began eliminating the position during the quarter to make room for better opportunities.
H.B. Fuller (FUL) was eliminated to make room for better opportunities.
Stanley Black & Decker (SWK) was eliminated to make room for better opportunities.
Acuity (AYI) and State Street (STT) reached their price targets and were eliminated.
Armstrong World Industries (AWI) is the leading North American manufacturer of non-residential ceiling systems.
Acuity (AYI) and State Street (STT) reached their price targets and were eliminated.
Tetra Tech (TTEK) is a leading high-end technical consulting and engineering services rm focused on water, environmental science, and sustainable infrastructure.
Also held
Its investment theses
- ESAB Corp.Sep 2026ESAB Corp. offers long-term growth and margin support from the Eddy acquisition despite near-term margin pressure.
- Asbury AutomotiveSep 2026Asbury Automotive combines an attractive valuation, dealership franchise advantages, and consolidation opportunities in a fragmented market.
- Armstrong World IndustriesJun 2026Armstrong World Industries offers a pure-play niche with strong market share, pricing power, and attractive valuation.
- Tetra TechJun 2026Tetra Tech is a water- and sustainability-focused services firm with asset-light economics and long-term compounding potential.