The fund returned 4.18% in Q1 2026, beating Russell 2000 Growth and hedge fund indices amid market volatility.
GROW Small Cap Equity Long/Short Fund reported a 4.18% return in Q1 2026, surpassing the Russell 2000 Growth Index’s -2.80% and the HFRI Equity Hedge Index’s -0.24%. Long and short positions helped mitigate volatility linked to geopolitical tensions, including the Iran War.
The fund’s top holding, Harrow (HROW), closed at $42.41 on June 22, 2026, with a 24.11% one-month return and a 33.74% gain over the past year. Harrow’s market capitalization stands at $1.58 billion, though the fund noted a disconnect between earnings expectations and underlying growth.
GROW Funds covered its position in HROW during the quarter, citing valuation concerns despite the company’s focus on ophthalmic therapies and growth prospects.