chiewr The following segment was excerpted from the Third Avenue Small-Cap Value Fund Q2 2025 Letter. During the second quarter, the Fund initiated two new positions in niche technology-related industries. Cantaloupe Inc. is a payment processing business and Visteon Corp ( ...

Group 1 - The S&P 500 has recently returned to positive territory for the year, but there are concerns about high valuations in a volatile macroeconomic environment [1] - Small-cap stocks are identified as a significant area of value, with valuation discounts noted [1] Group 2 - Gary Alexander has extensive experience in technology sectors, having worked on Wall Street and in Silicon Valley, and advises seed-round startups [1] - He has been a contributor to Seeking Alpha since 2017 and has been featured in various web publications [1]