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Soumya Eswaran
Tue, March 10, 2026 astatine 7:21 AM CDT 3 min read
iMGP Global Partner, an concern absorption company, released its 4th fourth 2025 capitalist missive for the "iMGP Small Company Fund”. A transcript of the missive tin beryllium downloaded here. The Fund returned 1.33% successful the 4th fourth compared to the Russell 2000 Index’s 2.19% return. The Fund’s returns were level astatine 0.01% successful 2025, compared to a 12.81 instrumentality for the Index. In galore respects, the marketplace concern returned to mean successful the 4th quarter. The Fund's mediocre show successful the 4th fourth was caused by the biotech businesses' awesome performance, which accrued by much than 25%. The Fund mostly avoids biotech stocks owed to their highly binary character. The bulk of the year's underperformance happened successful the 3rd 4th owed to style-related factors. Moving guardant to 2026, the Fund hoped to proceed to refine its process and amended its show with a committedness to put successful high-quality, increasing firms. Please reappraisal the Fund’s apical 5 holdings to summation insights into their cardinal selections for 2025.
In its fourth-quarter 2025 capitalist letter, iMGP Small Company Fund highlighted Manhattan Associates, Inc. (NASDAQ:MANH). Manhattan Associates, Inc. (NASDAQ:MANH) is simply a exertion institution that specializes successful developing, selling, and deploying bundle solutions for proviso chains, inventory, and omni-channel operations. On March 09, 2026, Manhattan Associates, Inc. (NASDAQ:MANH) banal closed astatine $150.16 per share. One-month instrumentality of Manhattan Associates, Inc. (NASDAQ:MANH) was 0.35%, and its shares mislaid 10.36% implicit the past 52 weeks. Manhattan Associates, Inc. (NASDAQ:MANH) has a marketplace capitalization of $9.048 billion.
iMGP Small Company Fund stated the pursuing regarding Manhattan Associates, Inc. (NASDAQ:MANH) successful its 4th fourth 2025 capitalist letter:
"Manhattan Associates, Inc. (NASDAQ:MANH) is simply a starring supplier of warehouse absorption systems and related proviso concatenation software. The banal underperformed successful 4Q, successful portion driven by 3Q results that included weaker-than-expected bookings, interrupting immoderate momentum that was rebuilding. Some weakness successful the retail assemblage and still-poor marketplace sentiment successful bundle did not assistance the stock, either. As for MANH’s results, bookings are inherently volatile and the yet-to-be-reported 4Q results should beryllium much important seasonally. Following past year’s disappointment and CEO transition, it appears to america the marketplace is inactive looking for consistency to regain assurance successful the stock. We proceed to person condemnation successful MANH’s competitory presumption and the maturation accidental up of it. We are besides increasing progressively affirmative connected caller CEO Eric Clark’s imaginable to amended growth, which we judge could go much evident successful the coming quarters, particularly arsenic a important lawsuit renewal rhythm builds into precocious 2026 and 2027."
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