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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Davenport Value & Income Portfolio: What Happens When AI Goes Mainstream?
What happens when Artificial Intelligence (AI) goes mainstream? As we scour the investment landscape for enticing opportunities in the Davenport Value & Income Portfolio, we’re at least as enthusiastic about investing in technology beneficiaries as we are investing in technology pioneers. Click below to read more about how different companies are using AI to further expand their businesses.
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Well, That was Interesting...What Now?
This past year brought a dizzying series of events. We had DOGE, tariffs, the Middle East, the “Big Beautiful Bill”, the Fed and all things artificial intelligence (AI) give way to a dramatic swoon and even more dramatic recovery (oh and don’t forget a government shutdown that markets largely ignored). In fact, it’s truly hard to believe we fit everything into one year! Click below to watch our Q4 2025 Stock Market Update video.
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DBALX: The Virtues of Vanilla
Who likes vanilla? If we’re talking about ice cream, vanilla is among the world’s most-loved flavors. If we’re talking about investments, so-called “plain vanilla” securities often get a “bah, humbug” reaction. Maybe they shouldn’t. Click below to read more about The Virtues of Vanilla in the Davenport Balanced Income Fund.
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