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Merion Road Capital Management’s Q2 2026 Investor Letter

Merion Road Capital Management, an investment advisor, released its Q2 2026 Investor Letter. Merion Road’s long-only large-cap portfolio increased 3.9% in the quarter, with YTD performance remaining flat. Despite underperforming the S&P, the strategy focuses on established industrial companies with strong growth potential and attractive cash flow multiples, avoiding trendy sectors like AI. However, its Merion Road Small Cap Fund excelled, up +16.6% this quarter and over 20% year-to-date, driven by gains from long-term holdings and strong performance from Frequency Electronics, despite...