Cooke & Bieler
Cooke & Bieler Small Cap Value Equity
Jun 2026 → Sep 2026
Our archive holds 2 letters from this strategy, behind 7 investment theses and positions in 28 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 · Net of Fees
- YTD−1.5%index +1.5%
- 1Y+2.7%index +5.4%
- 3Y · /yr+7.8%index +7.8%
- 5Y · /yr+12.2%index +12.2%
- 10Y · /yr+20.8%index +9.4%
Index: Russell 2000 Value Index
| YTD | 1Y | 3Yper year | 5Yper year | 10Yper year | |
|---|---|---|---|---|---|
| Cooke & Bieler Small Cap Value Equity | −1.5% | +2.7% | +7.8% | +12.2% | +20.8% |
| Russell 2000 Value Index | +1.5% | +5.4% | +7.8% | +12.2% | +9.4% |
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
Gates Industrial (GTES) is a leading global manufacturer of highly engineered power transmission and uid power solutions – primarily belts and hydraulic hoses – to diverse replacement channel customers and OEMs serving automotive, construction, agriculture, general industrial, and oil and gas markets.
Louisiana-Pacic (LPX) is a leading manufacturer of engineered wood building materials, serving the residential, light commercial, and outdoor construction markets.
H.B. Fuller (FUL) and MarketAxess (MKTX) were eliminated to make room for better opportunities.
IDT Corp. (IDT) reached its price target and was eliminated.
H.B. Fuller (FUL) and MarketAxess (MKTX) were eliminated to make room for better opportunities.
Asbury Automotive (ABG) is a leading, well-run, and diversied U.S. automotive dealer trading at an attractive valuation.
- AddedMidera Food ProcessingSep 2026
We built up the position into a more average-sized holding during the quarter.
DMC Global (BOOM) was eliminated due to a broken thesis, with weakness across all three of their segments and NobelClad structurally impaired by persistent 50% metal taris.
Globant (GLOB) was eliminated to make room for better opportunities.
Arrow Electronics (ARW), Atlas Energy Solutions (AESI), and Weatherford International (WFRD) reached their price targets and were eliminated.
Arrow Electronics (ARW), Atlas Energy Solutions (AESI), and Weatherford International (WFRD) reached their price targets and were eliminated.
Arrow Electronics (ARW), Atlas Energy Solutions (AESI), and Weatherford International (WFRD) reached their price targets and were eliminated.
Also held
Its investment theses
- Dream Finders HomesSep 2026Dream Finders Homes is a top 15 U.S. homebuilder, and the acquisition of Beazer Homes should create scale, synergies, and lower leverage.
- BrightViewSep 2026BrightView is the largest U.S. commercial landscaping company, and accelerating land maintenance growth should improve free cash flow and support buybacks at an attractive valuation.
- Gates IndustrialSep 2026Gates Industrial makes engineered power transmission and fluid power solutions, and its recurring replacement-channel mix and strong free cash flow support long-term stability and capital returns.
- Louisiana-PacificSep 2026Louisiana-Pacific is a leading engineered wood materials company with a dominant siding position, pricing power, and recovery upside in OSB.
- TimkenJun 2026Timken is an engineered bearings and industrial motion company whose thesis is supported by accelerating organic growth and a management roadmap for further expansion.
- MarketAxessJun 2026MarketAxess is an electronic fixed income marketplace where the thesis is that new technologies should enhance rather than displace its existing liquidity and trading network.
- EPAM SystemsJun 2026EPAM Systems is a digital engineering and software services company whose AI-native operating model, growth potential, and margin expansion support compounding value.