1 month ago
19
Soumya Eswaran
Wed, July 8, 2026 astatine 7:39 AM CDT 3 min read
Palm Valley Capital Management, an concern absorption firm, has issued the second-quarter 2026 capitalist missive for the "Palm Valley Capital Fund." A transcript of the missive tin beryllium downloaded here. In the 2nd quarter, the fund's capitalist people gained 1.80%, portion the S&P SmallCap 600 roseate 19.7% and the Morningstar Small Cap Total Return Index returned 14.0%. The Strategy chiefly focused connected small-cap categories, allocating 75% to currency equivalents. This led to underperformance comparative to benchmarks. The Fund is presently seeking much small-cap opportunities that conscionable its instrumentality criteria and volition enactment swiftly if marketplace conditions improve. The Index benefited from beardown contributions from information halfway operation and biotech sectors, portion the vigor manufacture lagged. Additionally, reviewing the fund's apical 5 holdings tin uncover its champion investments successful 2026.
In its second-quarter 2026 capitalist letter, Palm Valley Capital Management highlighted Vontier Corporation (NYSE:VNT) arsenic a recently added position. Vontier Corporation (NYSE:VNT) is simply a planetary concern exertion and mobility solutions institution that operates done mobility technologies, repair solutions, and biology and fueling solutions segments. On July 7, 2026, Vontier Corporation (NYSE:VNT) closed astatine $28.49 per share, reflecting a marketplace capitalization of $4.01 billion. Vontier Corporation (NYSE:VNT) posted a one-month instrumentality of 0.60%, portion its shares mislaid 25.56% implicit the past 52 weeks.
Palm Valley Capital Management stated the pursuing regarding Vontier Corporation (NYSE:VNT) successful its Q2 2026 capitalist letter:
"The Fund acquired 3 caller positions during the 2nd quarter: The Clorox Company (ticker: CLX), Molson Coors Beverage Company (ticker: TAP), and Vontier Corporation (NYSE:VNT). Vontier sells the equipment, software, and recurring services that assistance convenience stores pump state and process payments, repair shops diagnose problems, and car washes run efficiently. It was spun retired of Fortive Corporation successful 2020, which itself was formerly portion of Danaher. Key operations see fueling instrumentality and outgo systems done the brands Invenco and Gilbarco Veeder-Root, conveyance repair and diagnostics tools done Matco Tools, and car lavation exertion done DRB. The institution touches a ample information of the world's substance transactions, since its instrumentality is installed astatine hundreds of thousands of substance sites globally. Vontier enjoyed a important impermanent tailwind, peaking successful 2021, erstwhile U.S. state stations were required to upgrade outgo terminals astatine the pump to enactment EMV spot paper transactions owed to shifting fraud liability rules. Some investors person semipermanent concerns astir the company's relevance arsenic the proscription fleet moves distant from interior combustion engines. Vontier has go much substance agnostic successful caller years, with its products serving vehicles powered by gasoline, electricity, and hydrogen. The steadfast owns a starring supplier of electrical conveyance (EV) charging software. Vontier's outgo systems agelong from the pump to wrong of convenience stores.…" (Click present to work the afloat text)
.png)
English (CA) · 
English (US) · 
Spanish (MX) ·