Rewey Asset Management, an investment management firm, released its “RAM Smid Composite” investor letter for the second quarter of 2026.
A copy of the letter can be downloaded here
RAM Smid Composite gained 20.06% in the second quarter of 2026, outperforming the Russell 2500 Value Total Return Index’s 18.50% return, while year to date performance reached 31.15% versus 24.16% for the benchmark. The firm views the Russell 2500 Value’s outperformance of the S&P 500’s 15.20% and the Magnificent 7’s 11.7% gains as evidence of a continued rotation toward undervalued small and smid cap stocks
Economic growth moderated after first quarter GDP was revised. Capital markets remained strong, with IPOs raising $104 billion across 48 deals. In addition, please check the Composite’s top five holdings to know its best picks in 2026.