Tributary Capital Management
Tributary Capital Management Multi Cap Core Equity Strategy
Jun 2026 → Sep 2026
Our archive holds 2 letters from this strategy, behind 10 investment theses and positions in 33 companies. Every quote below is copied verbatim from the letter it came from.
2 letters in a year — follow all of Tributary Capital Management for every strategy.
Performance
as of Sep 30, 2026 · net of fees · USD · Net of Fees
- YTD+9.0%index +12.7%
- 1Y+10.3%index +15.6%
Index: S&P 1500 Composite Index
| YTD | 1Y | |
|---|---|---|
| Tributary Capital Management Multi Cap Core Equity Strategy | +9.0% | +10.3% |
| S&P 1500 Composite Index | +12.7% | +15.6% |
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
Fair Isaac (FICO) owns the FICO score that banks use to decide whether to approve your mortgage, car loan or credit card.
Seagate (STX) makes hard disk drives and solid-state drives that store data.
Zscaler (ZS) protects companies from cybersecurity threats and increasingly, from the risks that come with AI itself.
Block (XYZ) operates two financial platforms: Square helps businesses accept payments and manage finances and Cash App works as a digital wallet for consumers.
Comfort Systems (FIX) builds and installs mechanical, electrical and plumbing systems inside large commercial facilities.
Moody's (MCO) earns most of its money rating bonds, the letter grades that tell investors how risky a bond is.
Nine positions were added to the strategy in the second quarter.
Seven positions were eliminated from the portfolio during the quarter.
Nine positions were added to the strategy in the second quarter.
Nine positions were added to the strategy in the second quarter.
Nine positions were added to the strategy in the second quarter.
Nine positions were added to the strategy in the second quarter.
Nine positions were added to the strategy in the second quarter.
Seven positions were eliminated from the portfolio during the quarter.
Seven positions were eliminated from the portfolio during the quarter.
Seven positions were eliminated from the portfolio during the quarter.
Seven positions were eliminated from the portfolio during the quarter.
LivaNova reported first quarter revenue and earnings above consensus expectations.
Seven positions were eliminated from the portfolio during the quarter.
Seven positions were eliminated from the portfolio during the quarter.
Also held
Its investment theses
- Comfort SystemsSep 2026Comfort Systems provides modular mechanical, electrical, and plumbing construction for data centers and semiconductor plants, driving growth and margin expansion.
- SeagateSep 2026Seagate supplies data-storage drives for AI-driven data centers, with rising demand, higher prices, and a higher-margin product line improving profits.
- ZscalerSep 2026Zscaler offers cloud-based cybersecurity and AI-powered tools that help protect data and improve its profit outlook as businesses adopt AI.
- Advanced Micro Devices, Inc.Jun 2026Advanced Micro Devices is positioned to benefit from AI-driven CPU growth and to become a viable second option in GPUs.
- Amer SportsJun 2026Amer Sports is expected to grow through geographic expansion and direct-to-consumer mix shift that should drive margin expansion.
- Avnet, Inc.Jun 2026Avnet should benefit from datacenter demand, a recovery in its higher-margin Farnell segment, and improving industrial end markets.
- Essential Properties Realty TrustJun 2026Essential Properties Realty Trust benefits from long-term leases, same-store rent growth and acquisition returns above its cost of capital.
- Kulicke & Soffa IndustriesJun 2026Kulicke & Soffa Industries is benefiting from semiconductor recovery, AI-related packaging demand and operating leverage.
- LivaNovaJun 2026LivaNova has multiple growth drivers from new products, expanded indications and a connected digital platform, with margin expansion potential.
- Micron TechnologyJun 2026Micron Technology is positioned for improving profits from memory market recovery, AI demand and margin expansion.