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- Quarterly Global Valuations
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Small caps
Firm
Author
Type
Markets
January 2026
Small Caps: Unprofitables Lead, Active Managers Lag, But Can it Last?
Marquette Associates
Catherine Hillier
Research
6 Pages
Marquette Associates explains why small cap leadership can look exciting while quietly raising portfolio risk.
Markets
December 2025
Is Now a Turning Point for Small Caps?
Polen Capital
Research
4 Pages
Polen Capital examines whether small cap stocks are set up for a new period of leadership in the coming years.
Portfolio Management
May 2025
Go Small or Go Home
AQR
Chris Doheny, Peihan Zhao, Charles Fattouche
Research
9 Pages
AQR explores why small caps, especially in the international and emerging regions, present a compelling investment opportunity driven by the potential for higher expected market returns, attractive earnings growth, strong diversification benefits, and rich alpha opportunities.
Portfolio Management
April 2025
Small Caps, Big Opportunities: Investing Beyond Large-Cap Stocks
Research Affiliates
Mario Albuquerque, Que Nguyen, Xi Liu
Research
13 Pages
Research Affiliates says the current valuation gap favoring small-cap stocks signals the potential to unlock value and outperform.
Markets
January 2025
Bargain, Value Trap or Something in Between?
GMO
Ben Inker, Anna Chetoukhina
Research
20 Pages
GMO’s Q4 letter covers a number of topics, including why they believe U.S. large cap value stocks are attractive today, why they are cautious on China, and why they are tilting towards quality in U.S. small cap stocks.
Portfolio Management
November 2022
Quality Time in Small Cap
GMO
Hassan Chowdhry, James Mendelson
Research
6 Pages
GMO argues small cap quality is finally offering both long term appeal and near term valuation support.