The Insider Advantage
When corporate insiders buy their company stock, more than five decades of peer-reviewed finance research has documented that these purchases predict statistically significant abnormal returns. Click below to read more about the academic foundation for the Davenport Insider Buying Fund (DBUYX).
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The HALO Effect
Many companies face heightened risk of being disrupted by AI as the technology upends traditional business models. As investors grapple with these new challenges, the term “HALO”, an acronym for “Hard Assets Low Obsolescence”, has gained attention and popularity. Click below to read more about how “The HALO Effect” has taken a more prominent role across the various DAM strategies.
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Topsy-Turvy
Topsy-turvy is the best way to describe the first quarter of 2026. Renewed tariff concerns, waning enthusiasm for AI-related stocks and war in Iran ultimately became headwinds. Assuming a reasonably swift resolution to Iran (or at least a going from a boil to a simmer), we think many stocks now offer compelling deals. Click below to watch our Q1 2026 Stock Market Update video.
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Why Buy DSCPX Now?
Despite the recent small-cap rally being driven largely by lower-quality, more speculative companies, the Davenport Small Cap Focus Fund (DSCPX) continues to distinguish itself with materially higher metrics in quality, profitability, and valuation compared to benchmarks like the Russell 2000 and S&P 600. This reinforces our commitment to owning businesses that prove to be durable throughout market cycles. Click below to read more about DSCPX.
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The S&P 500 Over the Next 10 Years
Driven in very large part by technology, the S&P 500 Index has posted incredible results over the last decade. Through year end 2025, the index generated annualized 10-year returns of 14%, with returns going into overdrive the last three years (2023-’25) at 23%. This is markedly above historical norms of roughly 10%. We think this will be very difficult to replicate over the next 10-year frame. Click below to read the full report.
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