Snow All Cap Value Strategy:
Q4 2025 Commentary
Q4 2025 Commentary
U.S. equities ended 2025 on a strong note, benefiting from Federal Reserve rate cuts and improving inflation trends. While market leadership remained narrow, increased dispersion created attractive opportunities for disciplined stock selection, driving the Snow All Cap Value Strategy’s outperformance during the quarter. Looking ahead to 2026, wide valuation gaps and emerging rotation dynamics reinforce the opportunity set for value investing.