There are never any guarantees, but small caps (as a group) have a long way to go to catch up. Typically they trade at a premium to large caps (because they are growing much faster) but are now very cheap. Case in point, HPS.A, despite its growth, is only 16X earnings, despite per-share earnings nearly quadrupling in the past three years. It is also debt-free. Typically, we have made way more money buying stocks that have gone up than trying to catch ones on the way down. As market cap breaks $1 billion ($955M now) there is also often a new group of investors who starts looking. We can't comment on personal weightings but we would be OK adding to a small position. We expected it to consolidate a bit, but with markets surging it just may not. As guidance our growth portfolio position is about 2.5% now and we are comfortable there.
5i Research Answer: