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TTEK - Baird Q4 2024 Small/Mid Cap Growth Equity Commentary
Tetra Tech Inc.
2025-03-28 15:59:00 ET
Summary
Baird Small/Mid Cap Growth portfolio increased +5.1% in the fourth quarter, net of fees, compared to the +2.4% increase in our primary benchmark, the Russell 2500 Growth Index.
The market moved through three distinct phases in the fourth quarter, defined almost exactly by the monthly turn of the calendar.
Fourth quarter relative performance was also positive in consumer staples, basic materials (where we have no exposure), and energy.