1 week ago
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Soumya Eswaran
Tue, April 21, 2026 astatine 9:31 AM CDT 3 min read
Meridian Funds, managed by ArrowMark Partners, released its first-quarter 2026 capitalist missive for “Meridian Small Cap Growth Fund”. A transcript of the missive is disposable to download here. The US equities marketplace started 2026 with volatility driven by commercialized argumentation uncertainty and heightened geopolitical risks. Initial gains were attributed to assurance successful home companies and the Federal Reserve easing. However, sentiment deteriorated pursuing accrued tariffs and subject strikes by the U.S. and Israel against Iran. During the quarter, Meridian Small Cap Growth Fund returned -8.37% compared to the Russell 2000 Growth Index’s -2.82% return. The Fund’s comparative underperformance was driven by manufacture allocation effects, portion banal enactment contributed positively. Despite the marketplace environment, the money prioritizes high-quality businesses characterized by durable competitory advantages, robust equilibrium sheets, and a wide outlook for sustainable net growth. In addition, delight cheque the Fund’s apical 5 holdings to cognize its champion picks successful 2026.
In its first-quarter 2026 capitalist letter, Meridian Small Cap Growth Fund highlighted stocks similar Alkami Technology, Inc. (NASDAQ:ALKT). Alkami Technology, Inc. (NASDAQ:ALKT) operates a starring cloud-based integer income and work level for fiscal institutions. On April 20, 2026, Alkami Technology, Inc. (NASDAQ:ALKT) closed astatine $17.75 per share. One-month instrumentality of Alkami Technology, Inc. (NASDAQ:ALKT) was -2.76%, and its shares gained 2.83% implicit the past 52 weeks. Alkami Technology, Inc. (NASDAQ:ALKT) has a marketplace capitalization of $1.9 billion.
Meridian Small Cap Growth Fund stated the pursuing regarding Alkami Technology, Inc. (NASDAQ:ALKT) successful its Q1 2026 capitalist letter:
"Alkami Technology, Inc. (NASDAQ:ALKT) is simply a starring cloud-based integer banking level serving assemblage banks and recognition unions, enabling them to vie with larger institutions done modern integer experiences. The institution benefits from a ample addressable marketplace of astir 1,900 institutions inactive connected bequest systems, and its bundled integer income and work level is driving higher triumph rates and accrued gross per user. Shares declined during the 4th arsenic extended implementation timelines for caller clients weighed connected adjacent word gross maturation expectations, compounded by the broader bundle selloff. We judge the highly regulated quality of Alkami’s slope and recognition national lawsuit basal provides meaningful insulation from AI disruption, and that gross maturation should reaccelerate arsenic caller lawsuit implementations ramp into production."
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