Merion Road Capital
Merion Road Small Cap Fund
Small-cap
Jul 2026 → Jul 2026
Our archive holds 1 letter from this strategy and positions in 8 companies. Every quote below is copied verbatim from the letter it came from.
1 letter in a year · follow all of Merion Road Capital for every strategy.
Performance
as of Jun 30, 2026 · net of fees · USD
- YTD+20.1%index +22.6%
- Inception · /yr+17.2%index +11.4%
Index: Russell 2000
| YTD | Since inceptionper year | |
|---|---|---|
| Merion Road Small Cap Fund | +20.1% | +17.2% |
| Russell 2000 | +22.6% | +11.4% |
Calendar years
- 2025+9.2%index +12.7%
- 2024+17.4%index +11.4%
- 2023+11.5%index +16.4%
- 2022−16.9%index −20.4%
- 2021+42.5%index +14.5%
- 2020+29.5%index +20.0%
- 2019+17.9%index +25.4%
- 2018+15.7%index −11.1%
- 2017+35.7%index +14.6%
Disclaimer
These figures are copied from the manager’s latest letter, as of Jun 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
Frequency Electronics, which I bought in Q1 and discussed in my last letter, also performed well after the company announced that its year-end backlog exceeded $100mm and put out stronger than expected 3-year guidance.
- AddedHoneywell AerospaceJul 2026
I have been adding this month.
I have been adding this month.