Insights

For more than a decade, seven large cap companies have dominated the stock market. Apple, Microsoft, Alphabet, Amazon, Nvidia, Meta, and Tesla have grown so large that they account for roughly 34% of the entire S&P 500 (1). That kind of concentration was the...

Executive Summary For 15 years, US equity markets experienced unprecedented large cap tech consolidation, leading many institutional asset allocators to abandon dedicated small cap strategies. Today, that structural cycle has broken. Current asset allocation...

Executive Summary The five largest publicly traded hyperscalers — Amazon, Alphabet, Microsoft, Meta, and Oracle — are executing likely the most aggressive coordinated private sector capital expenditure (Capex) cycle in modern history, expected to reach nearly $690...

Following one of the longest periods on record of small cap equities underperforming large cap equities, we believe small cap stocks have begun a long term recovery. In fact, small cap stocks have outperformed large cap stocks significantly since Liberation Day last...

CIO - Equity, Sr. Portfolio ManagerAfter significant underperformance of small cap equities relative to large cap equities during the first half of the year, we believe small cap stocks began their recovery on both an absolute basis and relative basis to large cap...