QSV Equity Investors

After considerable waiting, small and mid-cap stocks outperformed the #stocks of their larger brethren in Q3 2024, although it was hardly a straight line up and to the right. Read about QSV’s performance and outlook here.

No one needs another investment commentary noting the divergence of Nvidia and the “#Magnificent7” stocks’ performance with that of the broader market, but it is hard to live through a quarter like Q2 2024 without that on our minds. This compact group of companies has contributed more than 60% of the returns of the index in 2024 and, when the returns of the capitalization weighted S&P 500 are compared to an equally weighted S&P 500, there is a 10% difference in favor of the cap weighted benchmark. While this dynamic plays out, investors have paid little attention to the pond QSV fishes in, small and mid-cap equities, where the returns were quite different, and negative during the quarter. Our commentary addresses what helped and hurt performance during the quarter and why we believe it is time to reconsider commitments to smaller companies. #Quality #Stability #Value

We believe that mid-cap stocks are attractive for long-term investors, with valuations relative to large capitalization #stocks not seen since the late 1990s. The lower volatility that QSV has delivered does, we believe, add the “sleep at night” comfort that many seek. #Quality #Stability #Value

Despite being written nearly a year ago, our thoughts on Booz Allen Hamilton are still current. Great business and a great stock for the long term, in our view. #Quality #Stability #Value

U.S. economic growth, a steady consumer, and high expectations for interest rate cuts by the Federal Reserve promoted continued risk taking by investors in the first quarter. Read on to learn more about QSV's results and visit www.qsvequity.com for more information. #Quality #Stability #Value

Crazy times for #smallcap managers benchmarked to the Russell 2000. “Together they accounted for a third of the index’s return.”

QSV is honored to again be recognized as a PSN Top Gun, this time for our small and mid-cap "best ideas" portfolio, QSV Select. #Quality #Stability #Value

Kudos to Xponance, Inc. and its leadership for bringing together #diverse and #emergingmanagers to address the challenges they face and highlight the innovation they offer in delivering #alpha to investors. The Roundtable Report that came from this provides valuable highlights.

Q4 2023 brought an “everything rally” with stocks, bonds, and crypto rising in anticipation of interest rate cuts and a belief that a soft landing for the economy is likely. Small and mid-cap stocks participated in the rally, notching most of their calendar year gains in the final three months of 2023. QSV's #SmallCap, Select and #MidCap strategies participated in the rally, and each exceeded its respective Russell Value index for 2023. Please connect with us if we may help with your investing needs. #Quality #Stability #Value

Don't forget the middle! #midcaps can offer a compelling mix of financial stability and growth opportunities. #Quality #Stability #Value