Tributary Capital Management
Tributary Capital Management Small/Mid Cap Strategy
Sep 2026 → Sep 2026
Our archive holds 1 letter from this strategy, behind 5 investment theses and positions in 20 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.
Performance
as of Sep 30, 2026 · net of fees · USD · Net of Fees
- YTD+9.9%index +14.9%
- 1Y+7.4%index +17.4%
Index: Russell 2500 Index
| YTD | 1Y | |
|---|---|---|
| Tributary Capital Management Small/Mid Cap Strategy | +9.9% | +7.4% |
| Russell 2500 Index | +14.9% | +17.4% |
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
We exited our positions in ICF International and Franklin Electric in our Small/Mid Strategy while retaining both in our Small Cap Strategy.
We exited our positions in ICF International and Franklin Electric in our Small/Mid Strategy while retaining both in our Small Cap Strategy.
During the third quarter five holdings were added to the portfolio.
We exited the position following the announcement that private equity firm KKR would acquire the company at a 20% premium to the prior day’s closing price.
Also held
Its investment theses
- Advanced Energy IndustriesSep 2026Advanced Energy Industries is a power conversion specialist with leading market positions and a path to $3 billion in revenue through growth, M&A, and margin expansion.
- Prestige Consumer HealthcareSep 2026Prestige Consumer Healthcare owns leading OTC brands with pricing power, strong free cash flow, and a capital-light model that supports growth and buybacks.
- UFP TechnologiesSep 2026UFP Technologies is a medical device outsourcing partner growing faster than its market, with strong cash flow, high ROIC, and experienced leadership.
- ESCO TechnologiesSep 2026ESCO Technologies sells specialized engineered products with attractive cash flow, ROIC focus, and above-market organic growth plus acquisitions.
- MYR GroupSep 2026MYR Group is a specialty electrical contractor with a large fleet, strong balance sheet, and multi-year growth tailwinds from electrification and data centers.