Palm Valley Capital Management, an investment management firm, has issued the third-quarter 2026 investor letter for the “Palm Valley Capital Fund.” During the quarter, the Palm Valley Capital Fund gained 1.61%, while the S&P SmallCap 600 Index fell 7.93% and the Morningstar Small Cap Total Return Index decreased by 5.60%. As of this period, 75.5% of the Fund’s assets were in Treasury bills, and equity-only performance was 4.8%. In the quarter, small caps underperformed large caps, with...
Palm Valley Capital Fund’s Q3 2026 Investor Letter
