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It's a relatively concentrated fund with just 38 stocks; that's high commitment for a small cap product. A number of their holdings had a decent day (1-2%) but their second largest holding (Blackbaud) rose 13.5% and their fifth largest (Tyler Technologies) rose 10%. No idea of why but I'm guessing that accounts for most of the jump.
It's a relatively concentrated fund with just 38 stocks; that's high commitment for a small cap product. A number of their holdings had a decent day (1-2%) but their second largest holding (Blackbaud) rose 13.5% and their fifth largest (Tyler Technologies) rose 10%. No idea of why but I'm guessing that accounts for most of the jump.
Also interesting is that AGOZX, now managed by Amy Zhang, a past member of the BC team for 12 years, gained 3.07%, have these two companies in its own portfolio and 7 holdings among its top ten with that of BC as of EOY.
@openice: No lawyer could have written a non-compete clause in Zhang's separation agreement from BC that could have prevented her from using what she learned at her former employer's shop. The over-lap between the two funds could be seen as a win-win.
Comments
It's a relatively concentrated fund with just 38 stocks; that's high commitment for a small cap product. A number of their holdings had a decent day (1-2%) but their second largest holding (Blackbaud) rose 13.5% and their fifth largest (Tyler Technologies) rose 10%. No idea of why but I'm guessing that accounts for most of the jump.
David