After years of mega cap dominance, the tech trade has run into some turbulence and investors are widening the lens. Small and midcap stocks are starting to draw fresh attention. Joining us now for an ETF spotlight to discuss is Randy Gwartzman, portfolio manager at Baron Capital. Randy, thanks so much for joining us.>> Thanks uh for doing this, Caroline. >> Really appreciate you being here. So Randy, there's been a lot of talk about the rotation that we've been seeing out of Mega Cap Tech.We're seeing money ...

All right. So, give us a sense. Uh, we have the the data through Q3.What are we seeing in Q4 and what's the outlook for 2026. Are you expecting it to be another busy year for activist investors. >> Yeah, we do.Well, well, it's been it's been busy. Um, we expect there to be even busy in 2026. uh as as investors stop pouring money into Max 7 stocks like they have been which has been slowing down and they start looking for value and and frankly value stocks um we we we see activism a lot of good activist oppor ...