Tributary Capital Management
Tributary Capital Management Small Cap Equity Strategy
Jun 2026 → Jun 2026
Our archive holds 1 letter from this strategy, behind 3 investment theses and positions in 10 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
During the quarter four new positions were added to the portfolio.
We initiated our position after the valuation declined on fears that AI would displace its business.
Also held
- Patrick Industries
- Kaiser Aluminum
- Prestige Consumer Healthcare
- CONMED
- Integer Holdings
- Northern Oil & Gas
- Marzetti
- Gulfport Energy
- Enpro
Its investment theses
- Q2 HoldingsJun 2026Q2 Holdings provides banking software and is viewed as defensible with AI-driven growth and margin expansion potential.
- Quaker HoughtonJun 2026Quaker Houghton is a leading industrial fluids business with recurring revenue, strong cash flow and a seasoned management team.
- Cavco IndustriesJun 2026Cavco Industries benefits from oligopolistic scale, housing shortage tailwinds and margin expansion potential.