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FPA Queens Road Small Cap Value Fund’s Q2 2025 Investor Letter

Investment management company First Pacific Advisors recently released its “FPA Queens Road Small Cap Value Fund” second-quarter 2025 investor letter. In the second quarter, the fund returned 8.60% compared to a 4.97% return for the Russell 2000 Value Index. Moreover, the Fund returned 5.87% YTD, compared to -3.16% for the index. Additionally, you can check the fund’s top 5 holdings to determine its best picks for 2025.

 A copy of FPA Queens Road Small Cap Value Fund’s Q2 2025 investor letter can be downloaded here.