HCI - Wasatch Micro Cap Fund Q1 2025 Commentary

2025-05-21 02:24:00 ET

Summary

• For the first quarter of 2025, the Wasatch Micro Cap Fund—Investor Class was down -16.57% but outperformed the benchmark Russell Microcap® Growth Index, which returned -17.75%.
• The Fund’s overweight to the financials sector was a large contributor to performance relative to the benchmark as the sector broadly outperformed other index constituents.
• During the period, we sold a few stocks we had less conviction in and made the portfolio more concentrated among stocks in which the risk-reward profile now appears exceptional.

OVERVIEW

For the first quarter of 2025, the Wasatch Micro Cap Fund—Investor Class was down -16.57% but outperformed the benchmark Russell Microcap® Growth Index, which returned -17.75%....

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