Cooke & Bieler
Cooke & Bieler SMID Cap Value Equity
Jun 2026 → Sep 2026
Our archive holds 3 letters from this strategy, behind 5 investment theses and positions in 26 companies. Every quote below is copied verbatim from the letter it came from.
3 letters in a year — follow all of Cooke & Bieler for every strategy.
Performance
as of Sep 30, 2026 · net of fees · USD
- YTD+0.2%index +18.8%
- 1Y−2.1%index +22.5%
- 3Y · /yr+3.9%index +19.1%
- 5Y · /yr+1.6%index +9.8%
- 10Y · /yr+6.9%index +10.1%
Index: Russell 2500 Value Index
| YTD | 1Y | 3Yper year | 5Yper year | 10Yper year | |
|---|---|---|---|---|---|
| Cooke & Bieler SMID Cap Value Equity | +0.2% | −2.1% | +3.9% | +1.6% | +6.9% |
| Russell 2500 Value Index | +18.8% | +22.5% | +19.1% | +9.8% | +10.1% |
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
- AddedMidera Food ProcessingSep 2026
We built up the position into a more average-sized holding during the quarter.
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.
Stanley Black & Decker (SWK) was eliminated to make room for better opportunities.
We were able to initiate the position at an attractive valuation as growth temporarily slowed in 2026 following a strong three-year run.
Atlas Energy Solutions (AESI) reached its price target and was eliminated.
We believe TTEK’s technical expertise, long-standing customer relationships, asset-light model, and disciplined capital allocation support attractive long-term compounding potential.
Also held
Its investment theses
- Integer HoldingsSep 2026Integer Holdings is a leading outsourced medical device design and manufacturing company with an unusually attractive valuation that drew private equity interest and a takeout by KKR.
- Midera Food ProcessingSep 2026Midera Food Processing is a leading food-processing equipment maker with growth from automation, consolidation, acquisitions, and margin expansion.
- InterparfumsJun 2026Interparfums is an asset-light fragrance company with premium brands, long-term industry tailwinds, and a new product cycle that should reaccelerate growth.
- White Mountains Insurance GroupJun 2026White Mountains Insurance is a holding company with solid operating results, but its shares were pressured by mark-to-market losses and limited monetizations.
- Gildan ActivewearJun 2026Gildan Activewear should benefit from accretive Hanesbrands synergies, strong sell-through, and market share gains despite integration concerns.