Multiple Catalysts Prompted Aristotle Small Cap Equity Fund’s Primo Brands Corporation (PRMB) Addition

Core Insights - U.S. small-cap equities experienced modest gains in Q4 2025, supported by a positive macroeconomic backdrop and attractive valuations [1] - The Aristotle Small Cap Equity Fund returned 1.96% in Q4 2025, underperforming the Russell 2000 Index's 2.19% total return [1] - Security selection positively impacted performance, while allocation effects detracted from it [1] Company Overview: Primo Brands Corporation - Primo Brands Corporation (NYSE:PRMB) is a North American beverage company focused on healthy hydration, holding approximately 19% market share in U.S. bottled water [3] - The company has a diversified portfolio across various distribution channels, product formats, sizes, and price points, allowing it to efficiently reach 90% of the U.S. population [3] - Concerns about municipal tap water quality and the wellness movement are expected to drive increased bottled water consumption [3] Recent Performance and Market Position - As of February 13, 2026, Primo Brands Corporation's stock closed at $18.96 per share, with a market capitalization of $7.021 billion [2] - The stock delivered a -0.27% return in the past month and has lost 43.44% of its value over the past twelve months [2] - Primo Brands Corporation was held by 62 hedge fund portfolios at the end of Q3 2025, a decrease from 72 in the previous quarter [4]