GROW Small Cap Equity Long/Short Fund returned 4.18% in Q1 2026, beating key indexes amid geopolitical volatility and Palantir exposure.
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 HFRI Equity Hedge Index’s -0.24%. The fund’s performance was driven by long positions and hedges amid volatility tied to the Iran War, with Palantir Technologies (PLTR) among its top holdings.
Palantir closed at $119.50 on June 22, 2026, reflecting a -12.52% one-month return and a 16.57% decline over the past year. The company’s market capitalization stands at $286.48 billion, trading at 66x EV/Revenues on 2026 expectations, the highest multiple in its sector.
The fund’s letter highlighted Palantir’s role in data analytics for governments and corporations, noting its premium valuation despite recent share price declines. No immediate market reaction was detailed in the release.