Investment management company Vulcan Value Partners recently released its third-quarter 2026 investor letter. The letter can be downloaded here. The portfolio reported a strong quarter, with all strategies except Small Cap reporting positive absolute results, with Small Cap down about 1%. In the quarter, the Large Cap Composite (Net) returned 7.4%, the Small Cap Composite (Net) returned -1.2%, the Focus Composite (Net) returned 8.9%, the Focus Plus Composite (Net) returned 8.8%, and the...
Durable Growth Reinforces Microsoft Corporation’s (MSFT) Investment Thesis
