Tributary Capital Management
Tributary Capital Management Large Cap Core Equity Strategy
Jun 2026 → Jun 2026
Our archive holds 1 letter from this strategy and positions in 16 companies. Every quote below is copied verbatim from the letter it came from.
1 letter in a year — follow all of Tributary Capital Management for every strategy.
What it bought and sold
AECOM is an engineering and construction firm with exposure to water, transportation, environment & energy and facilities that is seeing a record backlog and improving margins as it benefits from the growing opportunity in infrastructure investment.
- New positionFluorJun 2026
Fluor is an engineering and construction firm with exposure to life sciences, mining & metals, energy and other infrastructure projects.
- New positionSouthState BankJun 2026
SouthState Bank is a regional bank with $68 billion in assets with key markets in South Carolina, Florida, Georgia, Texas and Colorado.
- New positionTruist FinancialJun 2026
Truist Financial is a super-regional bank with $549B in assets.
Warner Bros. Discovery was eliminated due to its limited upside potential after Paramount Skydance agreed to acquire it.
SAIA was eliminated after the stock significantly outperformed in response to PMI data and signs of an industry turnaround.
The stock continued to underperform, creating the opportunity to purchase a high-quality healthcare company at a reduced valuation.
Canadian Pacific Kansas City is a transportation company with the only railway linking the U.S., Canada and Mexico.
Adobe was eliminated on concerns about potential AI disruption and management turnover.
Philip Morris was added to the portfolio as the company continues to benefit from an increasing percentage of revenue from smoke free products and improved margins.