Gabelli Small Cap Growth Fund Underperformed Due to RPC (RES) in Q2
The Gabelli Small Cap Growth Fund underperformed the Russell 2000 Index and other small-cap benchmarks during the second quarter of 2026, returning 14.44% compared to a 21.49% gain for the index. Despite strong performance in several portfolio holdings, the fund struggled relative to broader market gains. The firm attributes this underperformance partly to RPC (RES), which was identified as a detractor during the quarter. The Fund remains focused on long-term growth opportunities among smaller companies and has maintained an annualized return of 12.18% since inception despite short-term challenges. Atlanta Braves Holdings Inc. (BATRK) is highlighted in the letter, though it did not make the list of top hedge fund holdings for 2026. The Fund's strategy centers on fundamental research and identifying undervalued businesses where market prices do not reflect true value.
Topics: Atlanta Braves Holdings Inc. Gabelli Small Cap Growth Fund RPC (RES) Russell 2000 Index