2 months ago
Investment management company First Pacific Advisors recently released its "FPA Queens Road Small Cap Value Fund" second-quarter 2026 investor letter. A copy of the letter can be downloaded here. The Fund returned 27.02% in the first half of 2026, outperforming the Russell 2000 Value Index's 22.99% gain and the S&P 600 Index's 23.90% return. Small-cap earnings growth also began accelerating relative to large caps, while the small-cap technology sector surged nearly 100% in 26H1. The fund's technology holdings gained 72.39%, contributing 14.87 percentage points, compared with a 95.27% return and 7.10-point contribution from the benchmark's technology sector. Excluding IT and cash, the Fund contributed 12.73% versus 15.89% for the Russell 2000 Value Index; on a fully invested basis, the figures were 16.62% and 17.59%, respectively. The portfolio continued to trim appreciated technology holdings amid the AI-driven rally, while maintaining a bottom-up approach and avoiding beaten-down SaaS stocks due to the widening range of AI-related outcomes. The fund also eliminated about $62 million in capital gains during Q2 and approximately $140 million year-to-date through July, while ending the quarter with 10.2% in cash. In addition, please check the Fund's top five holdings to know its best picks in 2026.
In its second-quarter 2026 investor letter, FPA Queens Road Small Cap Value Fund highlighted stocks like Sprouts Farmers Market (NASDAQ:SFM). Sprouts Farmers Market (NASDAQ:SFM) operates a specialty grocery chain focused on fresh, natural, organic, and health-oriented food products. The one-month return of Sprouts Farmers Market (NASDAQ:SFM) was -2.69% while its shares traded between $64.75 and $141.24 over the last 52 weeks. On August 31, 2026, Sprouts Farmers Market (NASDAQ:SFM) stock closed at approximately $82.04 per share, with a market capitalization of about $7.82 billion.
FPA Queens Road Small Cap Value Fund stated the following regarding Sprouts Farmers Market (NASDAQ:SFM) in its Q2 2026 investor letter:
Sprouts Farmers Market (NASDAQ:SFM) is a supermarket chain focusing on fresh, natural, and organic products. The company has strong operating margins, attractive returns on capital, and excellent new store economics. Through April 2025, SFM's stock performed extremely well in concert with strong revenue growth and rising earnings estimates. As SFM's valuation increased, we trimmed our position in late 2024 and early 2025. Then, when growth slowed in the second half of 2025, SFM's share price collapsed. Today, SFM trades at a low-teens multiple of forward earnings and we are comfortable holding a mid-sized position.
#sprouts #farmers #fund #road
In its second-quarter 2026 investor letter, FPA Queens Road Small Cap Value Fund highlighted stocks like Sprouts Farmers Market (NASDAQ:SFM). Sprouts Farmers Market (NASDAQ:SFM) operates a specialty grocery chain focused on fresh, natural, organic, and health-oriented food products. The one-month return of Sprouts Farmers Market (NASDAQ:SFM) was -2.69% while its shares traded between $64.75 and $141.24 over the last 52 weeks. On August 31, 2026, Sprouts Farmers Market (NASDAQ:SFM) stock closed at approximately $82.04 per share, with a market capitalization of about $7.82 billion.
FPA Queens Road Small Cap Value Fund stated the following regarding Sprouts Farmers Market (NASDAQ:SFM) in its Q2 2026 investor letter:
Sprouts Farmers Market (NASDAQ:SFM) is a supermarket chain focusing on fresh, natural, and organic products. The company has strong operating margins, attractive returns on capital, and excellent new store economics. Through April 2025, SFM's stock performed extremely well in concert with strong revenue growth and rising earnings estimates. As SFM's valuation increased, we trimmed our position in late 2024 and early 2025. Then, when growth slowed in the second half of 2025, SFM's share price collapsed. Today, SFM trades at a low-teens multiple of forward earnings and we are comfortable holding a mid-sized position.
#sprouts #farmers #fund #road
3 months ago
UConn and LSU, two of the dominant women's college basketball programs in the country, will play in Nashville during the 2026-27 season.
The game had been acknowledged since January but no official release of location was announced until Aug. 7. It will be played on Dec. 20 at Bridgestone Arena as part of the Sprouts Farm Market espnW Invitational. The invitational also features Virginia vs. Kentucky women.
The invitational features two of the top top women's basketball coaches in the country in Geno Auriemma at UConn and Kim Mulkey at LSU. It is the two programs' first meeting since Nov. 20, 2016.
Game times have not yet been announced.
UConn reached the NCAA Women's Tournament Final Four in 2026, falling to national runner-up South Carolina and Dawn Staley. UConn finished last season 38-1. LSU was 29-6 and lost in the Sweet 16 to Duke.
#Basketball #programs #since #announced
The game had been acknowledged since January but no official release of location was announced until Aug. 7. It will be played on Dec. 20 at Bridgestone Arena as part of the Sprouts Farm Market espnW Invitational. The invitational also features Virginia vs. Kentucky women.
The invitational features two of the top top women's basketball coaches in the country in Geno Auriemma at UConn and Kim Mulkey at LSU. It is the two programs' first meeting since Nov. 20, 2016.
Game times have not yet been announced.
UConn reached the NCAA Women's Tournament Final Four in 2026, falling to national runner-up South Carolina and Dawn Staley. UConn finished last season 38-1. LSU was 29-6 and lost in the Sweet 16 to Duke.
#Basketball #programs #since #announced
3 months ago
Shares of Sprouts Farmers Market (NASDAQ: SFM) climbed more than 16% this past week after the natural and organic grocery chain delivered healthier-than-expected financial results in its most recent quarter.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
Sprouts' net sales grew 5% year over year to $2.3 billion in its fiscal second quarter, which ended on June 28.
The retailer opened 7 new stores during the quarter, bringing its total to 490 locations across 25 states.
However, Sprouts' comparable sales, which include revenue from stores open for at least 60 weeks, declined by 1%. Sprouts faced difficult comparisons to the prior-year quarter, when its competitors' supply chain disruptions drove additional traffic to its stores.
#quarter #signal #year #total
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
Sprouts' net sales grew 5% year over year to $2.3 billion in its fiscal second quarter, which ended on June 28.
The retailer opened 7 new stores during the quarter, bringing its total to 490 locations across 25 states.
However, Sprouts' comparable sales, which include revenue from stores open for at least 60 weeks, declined by 1%. Sprouts faced difficult comparisons to the prior-year quarter, when its competitors' supply chain disruptions drove additional traffic to its stores.
#quarter #signal #year #total
3 months ago
Shares of Sprouts Farmers Market (NASDAQ: SFM) climbed more than 16% this past week after the natural and organic grocery chain delivered healthier-than-expected financial results in its most recent quarter.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
Sprouts' net sales grew 5% year over year to $2.3 billion in its fiscal second quarter, which ended on June 28.
The retailer opened 7 new stores during the quarter, bringing its total to 490 locations across 25 states.
However, Sprouts' comparable sales, which include revenue from stores open for at least 60 weeks, declined by 1%. Sprouts faced difficult comparisons to the prior-year quarter, when its competitors' supply chain disruptions drove additional traffic to its stores.
#sprouts #NVIDIA #signal
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
Sprouts' net sales grew 5% year over year to $2.3 billion in its fiscal second quarter, which ended on June 28.
The retailer opened 7 new stores during the quarter, bringing its total to 490 locations across 25 states.
However, Sprouts' comparable sales, which include revenue from stores open for at least 60 weeks, declined by 1%. Sprouts faced difficult comparisons to the prior-year quarter, when its competitors' supply chain disruptions drove additional traffic to its stores.
#sprouts #NVIDIA #signal
