Category: Bank Sector Commentaries

For 2Q, the Bank Sector Strategy returned 18.04% (gross of fees) and 17.74% (net of fees) vs. the Russell 2000® Value Index Bank Subsector benchmark of 16.17%.  Year-to-date, the Bank Sector Strategy returned 17.97% (gross of fees) and 17.39% (net of fees) vs. the Russell 2000® Value Index Bank Subsector benchmark of 20.67%.  Additional performance can…

For 1Q, the Bank Sector Strategy returned -0.05% (gross of fees) and -0.30% (net of fees) vs. the Russell 2000® Value Index Bank Subsector benchmark of 3.88%.  Additional performance can be found in the table below. Data as of 03/31/2026 2026 started out with optimism in the banking sector which was reinforced in our numerous management…

For 4Q, the Bank Sector Strategy returned 4.72% (gross of fees) and 4.46% (net of fees) vs. the Russell 2000® Value Index Bank Subsector benchmark of 3.61%.  Year-to-date, the Bank Sector Strategy has returned 13.85% (gross of fees) and 12.72% (net of fees) vs. the Russell 2000® Value Index Bank Subsector benchmark of 8.84%.  Additional performance…

For 3Q, the Bank Sector Strategy returned 9.60% (gross of fees) and 9.33% (net of fees) vs. the Russell 2000® Value Index Bank Subsector benchmark of 6.70%.  Year-to-date the Bank Sector Strategy has returned 8.72% (gross of fees) and 7.91% (net of fees) vs. the Russell 2000® Value Index Bank Subsector benchmark of 5.05%.  Additional performance…

For 2Q, the Bank Sector Strategy returned 3.15% (gross of fees) and 2.89% (net of fees) vs. the Russell 2000® Value Bank Subsector benchmark of 4.14%.  Year-to-date the Bank Sector Strategy has returned -0.80% (gross of fees) and -1.30% (net of fees) vs. the Russell 2000® Value Bank Subsector benchmark of -1.55%.  Additional performance can be…

For 1Q, the Bank Sector Strategy returned -3.83% (gross of fees) and -3.99% (net of fees) vs. the Russell 2000® Value Bank Subsector benchmark of -5.47%.  Additional performance can be found in the table below. Data as of 3/31/2025 The first quarter was highlighted by “hope but not a lot of action” as the bank regulatory…

For 4Q, the Bank Sector Strategy returned 11.66% (gross of fees) and 11.38% (net of fees) vs. the Russell 2000® Value Bank Subsector benchmark of 5.36%.  For the full year 2024, the Bank Sector Strategy returned 29.22% (gross of fees) and 27.93% (net of fees) vs. the Russell 2000® Value Bank Subsector benchmark of 14.77%.  Additional…

For 3Q, the Bank Sector Strategy returned 18.50% (gross of fees) and 18.20 (net of fees) vs. the Russell 2000® Value Bank Subsector benchmark of 16.63%.  Year-to-date the Bank Sector Strategy has returned 15.73% (gross of fees) and 14.86% (net of fees) vs. the Russell 2000® Value Bank Subsector benchmark of 8.94%.  Additional performance can be…

For 2Q, the Bank Sector Strategy returned 0.05% (gross of fees) -0.20 (net of fees) vs. the Russell 2000® Value Bank Subsector benchmark of -0.42%.  Year-to-date the Bank Sector Strategy has returned -2.34% (gross of fees) -2.82 (net of fees) vs. the Russell 2000® Value Bank Subsector benchmark of -6.60%.  Additional performance can be found in…

For 1Q, the Bank Sector Strategy returned -2.38% (gross of fees) and -2.63% (net of fees) vs. the Russell 2000® Value Bank Subsector benchmark of -6.20%.  The portfolio outperformed as some of the late 2023 interest-rate-cut optimism came out of the banking sector to begin the year.  Additional performance information is included in the table below.…

For 4Q, the Bank Sector Strategy returned 22.45% (gross of fees) and 22.15% (net of fees) vs. the Russell 2000® Value Index Bank Subsector benchmark of 28.63%.  The portfolio lagged as banks with higher short interest, many which we believe may be permanently impaired, outperformed.  For the full year 2023, the Bank Sector Strategy returned…