Riverwater Partners’ asset management team based in Milwaukee, WI actively manages three small-cap equity strategies for institutional and individual investors. We apply a value-oriented approach to responsible investing using our disciplined research process.

Riverwater Sustainable Value Strategy

The Riverwater Sustainable Value Strategy seeks to provide attractive risk-adjusted returns versus its benchmark, the Russell 2500 Value Index. The Riverwater Sustainable Value Strategy holds 30-45 small and mid-sized companies generally between a range of $500 million and less than $15B in market capitalization at initial purchase.

Riverwater Partners | Responsible Investing | Milwaukee | Small Cap Equity Strategies
3 moYTD1 YR3 YR5 YRSince Inception
Composite (gross)14.47%16.11%21.39%18.98%12.88%13.08%
Composite (net)14.19%15.53%20.19%17.81%11.76%11.96%
Russell 2500 Value18.50%24.16%38.54%19.40%10.28%10.91%
Russell 2000 Value17.19%23.00%43.01%18.73%8.23%10.23%
As of 6.30.2026. The securities identified and described do not represent all the securities purchased, sold or recommended for client accounts. The reader should not assume that an investment in the securities identified was or will be profitable. The Composite performance is presented gross and net of fees and includes the reinvestment of income. Past performance is not indicative of future results. Portfolio holdings are subject to change and may have changed since the date specified. Further disclosures and definitions related to the data above can be found at this page.
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Riverwater Small Cap Strategy

The Riverwater Small Cap Strategy seeks to provide attractive risk-adjusted returns versus its benchmark, the Russell 2000 Index. The Small Cap Strategy holds 30-45 small-cap companies generally greater than $250 million and less than $5 billion in market capitalization at initial purchase.

Riverwater Partners | Responsible Investing | Milwaukee | Small Cap Equity Strategies
3 moYTD1YR3YRSince Inception
Composite (gross)18.84%27.16%30.67%17.95%18.84%
Composite (net)18.54%26.53%29.38%16.78%17.66%
Russell 200021.49%22.57%40.78%18.60%14.46%
As of 6.30.2026. The securities identified and described do not represent all the securities purchased, sold or recommended for client accounts. The reader should not assume that an investment in the securities identified was or will be profitable. The Composite performance is presented gross and net of fees and includes the reinvestment of income. Past performance is not indicative of future results. Portfolio holdings are subject to change and may have changed since the date specified. Further disclosures and definitions related to the data above can be found at this page.
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Riverwater Micro Opportunities Strategy

The Riverwater Micro Opportunities Strategy seeks to provide attractive risk-adjusted returns versus its benchmark, the Russell 2000 Index. The Micro Opportunities Strategy holds 30-45 Micro Cap companies generally below $1.5 billion in market capitalization at initial purchase.

Riverwater Partners | Responsible Investing | Milwaukee | Small Cap Equity Strategies
3 moYTD1 YR3 YR5 YRSince Inception
Composite (gross)13.03%13.17%26.69%12.34%1.87%11.33%
Composite (net)12.75%12.61%25.43%11.23%0.86%10.23%
Russell 200021.49%22.57%40.78%18.60%6.98%9.25%
iShares Microcap ETF (IWC)25.57%27.33%58.33%23.70%6.83%9.69%
As of 6.30.2026 The securities identified and described do not represent all the securities purchased, sold or recommended for client accounts. The reader should not assume that an investment in the securities identified was or will be profitable. The Composite performance is presented gross and net of fees and includes the reinvestment of income. Past performance is not indicative of future results. Portfolio holdings are subject to change and may have changed since the date specified. Further disclosures and definitions related to the data above can be found at this page.
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