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Market Updates
Earnings, Valuations, and Uncertainty: Navigating 2025’s Market
Sasha A. Kostadinov of Shaker Investments has authored an insightful article for WealthManagement’s 2025 Market Outlook, examining the key factors expected to shape the year ahead. The piece explores the relationship between corporate earnings, market valuations, and the uncertainty impacting investor decisions. Gain valuable insights and exp...
Shaker Investments Small Cap Growth Update – 3Q 2024
The market’s “seesaw effect” has been evident throughout the year, with capital shifting back and forth between large-cap and small-cap stocks. Small-capitalization stocks had a strong start to the year, capturing investor interest with their potential for higher growth. However, they lost some momentum in the second quarter as economic...
Brad Wheeler Joins Zephyr Adjusted For Risk Podcast
We're excited to share that Brad Wheeler, President of Shaker Investments, was a guest on Zephyr's Adjusted for Risk podcast with Ryan Nauman.
Protecting Your Investments: Key Strategies to Prevent Fraud
In 2023, the FBI’s Internet Crime Complaint Center (IC3) received a record number of complaints from the American public: 880,418 complaints were registered, with potential losses exceeding $12.5 billion. Fraud and cybercrimes pose significant risks to everyone but there are practical steps to take to protect your identity and assets. To minimize e...
Shaker Investments Small Cap Growth Update – 2Q 2024
The momentum in the equity markets persisted into the second quarter. The theme of a broadening rally played out in the first quarter of the year but quickly fizzled this quarter. The market was led almost entirely by the largest market capitalization technology stocks. Small caps continue to underperform as the belief that the Federal […]
Shaker Investments Small Cap Growth Update – 1Q 2024
It was a great quarter to be an investor in US Equities. While the large cap market continued to trend higher, more stocks participated in the rally, a trend we also saw in the fourth quarter of 2023. The market continues to be led by the “mega cap” companies, with the ten largest companies accounting […]
Shaker Investments – 4Q 2023 Update
US Equity Markets had broadly positive returns in the quarter and specifically a widening rally in the last two months of the year. As we discussed in prior letters this year, positive equity market returns for the first ten months of the year were almost entirely due to the performance of the ten largest stocks […]
The Return of the Small-Cap Premium in 2024?
Our latest Wealth Management article is now available online! Here at Shaker, we believe in the power of small cap stocks. That belief has always been backed by our proprietary research, and this year is no different. If you want to best position your portfolio for 2024, now might be a good time to take […]
Brad Wheeler Joins CFA Cleveland Guardians of Finance Podcast
Shaker Investments – 3Q 2023 Update
Following a strong first half of the year, particularly for the largest capitalization stocks, the equity markets experienced a correction during the third quarter. The S&P 500 peaked in late July near 4,600, within 5% of all-time highs, but declined approximately 7% in August and September for a net loss in the third quarter of […...
Shaker Investments Celebrates the 18th Work Anniversary of Sasha A. Kostadinov, CFA
Sasha Kostadinov has been with Shaker Investments for the last 18 years of his career as a Portfolio Manager and Research Analyst. He is co-manager of the Small Cap Portfolio and conducts research on stocks in a number of sectors. Sasha aspired to work at Shaker for years before accepting the job. Shaker had established […]
Shaker Fundamental Growth – 2Q 2023 Update
Domestic equity returns were strong in the second quarter and year to date, especially for the largest market capitalization stocks. The seven largest companies, comprising 28.2% of the total market cap of the S&P 500 as of June 30th, accounted for 75.8% of the total appreciation in the S&P 500 for the first six months […]
Shaker Investments Announces Promotion of Brad Wheeler to Role of President
Shaker Investments is pleased to announce the promotion of Brad Wheeler to President. Brad, who joined the Shaker Investments team in November 2018, previously served as Vice President and Head of Business Development and Client Services. As President, Brad will honor and respect Shaker’s original mission statement and investment mandate, while imp...
Eye of the Storm – Edward Hemmelgarn
Excerpted from AdvisorHub: Becoming a leader in financial services isn’t an easy path. It requires grit, determination, intellect, and the ability to be the calm in the center of the storm market fluctuations can create. Edward Hemmelgarn, President and Co-Chief Investment Officer of Shaker Investments is just such a story. Edward got his start in ...
Is it Time for Investors to Buy Small Caps?
After a robust start to the year for most stock market participants, with the S&P 500 increasing 7.5% in the first quarter, many investors may be questioning their allocations to small cap stocks which rose just 2.7% in the quarter. For investors in this segment of the market, the frustrating trend is not just a 2023 phenomenon, as small cap stocks...
Small Cap Growth – First Quarter 2023 Update
The first quarter was positive, albeit mixed for U.S. equity markets. The S&P 500 rose 7.50%, as large cap technology stocks led the way higher with the Nasdaq composite up 17.05% in a reversal of its 2022 underperformance. Underneath the surface, this strong performance was concentrated in “mega cap” stocks as the ten largest companies [&helli...
Are your investment vehicles best suiting your needs?
Most investors are familiar with mutual funds and exchange traded funds (ETF) and many have a large percentage of their overall portfolio invested in them. Mutual funds and ETFs are pooled investment vehicles registered with the SEC and subject to certain rules and regulations. These two investment types are comprised of individual securities, like...
Small Cap Growth – Fourth Quarter 2022 Update
The 4th quarter of 2022 was a challenging, but positive quarter for the US Equity markets as significant volatility continued to persist. The S&P 500 was up 7.56% for the quarter but down 18.11% for the year. The US Small Cap Growth Index (USSGI) was up 4.13% and down 26.36% for the year. Volatility can […]
Why Are Bank Stocks Falling So Much and What Does This Mean for The Market and My Portfolio?
Several banks recently have been forced to cease operation, and over the weekend the federal government stepped in to protect deposits, even those exceeding the FDIC limit of $250,000, at those banks. You may have questions about what this means for the economy, the stock market and your portfolio. Here we attempt to provide some […]
Shaker Fundamental Growth – 4Q 2022 Update
US Equity Markets were difficult in 2022. Equities began to correct at the start of the year in response to inflation and anticipation of interest rate hikes by the Federal Reserve. Rate hikes affected stock prices in two ways: 1) the higher discount rate reduced the present value of future cash flows, which weighed on […]
Shaker Strategies receive a Morningstar Rating™ of 4 and 5 stars
Shaker Investments is proud to announce that our Shaker Small Cap Growth strategy has received a Morningstar Rating™ of 5 stars overall as of 09/30/2022. Additionally, the Shaker Fundamental Growth strategy has received a Morningstar Rating™ of 4 stars overall during the same time period. Shaker has worked hard over many years to provide our [&hell...
Small Cap Growth – Third Quarter 2022 Update
The investment environment remained very complex and volatile in the 3rd quarter. The S&P 500 Index was down 4.88% for 3rd quarter but was up over 17% from mid-June to mid-August, only to decline sharply in the 2nd half of the quarter. The US Small Cap Growth Index was no exception, rising nearly 28% early […]
Shaker Fundamental Growth – 3Q 2022 Update
US Stock Market returns for the first nine months of the year were significantly less than long term expectations. Broad market indices were down roughly twenty five percent as rising interest rates, high inflation, and recession fears pressured valuation multiples for stocks. Rising interest rates have also led to double digit declines in fi...
Firm Announcement : Promotion of Kacie Wick to CCO
Shaker Investments is thrilled to announce the promotion of Kacie Wick to Chief Compliance Officer. Kacie joined Shaker Investments in 2011 and served as our Controller for many years, while also assuming more responsibility in our compliance department. As Chief Compliance Officer, Kacie will lead all compliance affairs within the firm. Kaci...
Small Cap Growth – Second Quarter 2022 Update
Investing did not get any easier during the second quarter of 2022. The Equity markets continued to face challenges, and it was particularly difficult for growth stocks. Inflation continued to trend higher and concerns about a recession are real. The Federal Reserve Bank focused on tapering inflation pushing through two interest r...
Shaker Small Cap Growth Performance Comparison to LCG & Associates – 2Q 2022
We want to thank our clients for placing their trust in Shaker Investments. At Shaker, we are active managers and focused on performing for our clients over the long-term. Over long periods of time, and full market cycles, we strive to achieve net returns in our strategies that exceed returns of their respective benchmarks. We […]
Small Cap Growth Strategy Awarded Top Gun Designation
Shaker Investments LLC Named to PSN Top Guns List of Best Performing Strategies for Q1 2022 Quarterly PSN Top Guns List published by Zephyr identifies best-in-class separate accounts, managed accounts, and managed ETF strategies Cleveland, OH—June 14, 2022— Shaker Investments LLC announced today it has been named to the celebrated PSN Top Guns List...
Shaker’s Small Cap Growth – 1Q 2022 Update
The market environment was challenging during the first quarter of 2022. Investors wrestled with inflationary trends not seen in a generation, the first of several Federal Reserve interest rate increases and geopolitical turmoil triggered by Russia’s invasion of Ukraine which led to a dramatic shift in investor risk tolerance. The Shake...
First Quarter 2022 – Fundamental Growth Update
In the first quarter of 2022, the Shaker Fundamental Growth strategy declined along with the major U.S. equity market indices. Broadly, large cap stocks declined less than small caps with the S&P 500 falling 4.6% in the quarter, while small cap growth stocks were down 12.6%. This continued the relative trend from 2021 as the […]
Shaker’s Small Cap Growth – 2021 Fourth Quarter Update
In the fourth quarter and full year 2021, the Small Cap Growth Strategy had very strong returns as compared to the performance of U.S. small cap growth stocks as measured by the largest US small cap growth index. In general, small cap stocks underperformed large cap stocks, with small cap growth stocks lagging even more. […]
Fourth Quarter 2021 – Fundamental Growth Update
In the fourth quarter and full year 2021, Shaker’s Fundamental Growth and the major U.S. equity market indices had strong returns on a percentage basis. In the fourth quarter, the strategy and the S&P 500 rose as large cap stocks outperformed small cap stocks in US markets. The S&P 500 increased more than 11% in […]
Shaker Investments LLC Awarded Top Guns Designation
Cleveland, OH — November 17, 2021— Shaker Investments has been awarded a PSN Top Guns distinction by Informa Financial Intelligence’s PSN manager database, North America’s longest running database of investment managers. Shaker Investments was honored with 1, 3, 4, 5, and 6 star and Bull/Bear Top Guns ratings for its Small Cap Growth strateg...
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Brad Wheeler Joins Zephyr Adjusted For Risk Podcast
We're excited to share that Brad Wheeler, President of Shaker Investments, was a guest on Zephyr's Adjusted for Risk podcast with Ryan Nauman.
Brad Wheeler Joins CFA Cleveland Guardians of Finance Podcast
Shaker Investments Celebrates the 18th Work Anniversary of Sasha A. Kostadinov, CFA
Sasha Kostadinov has been with Shaker Investments for the last 18 years of his career as a Portfolio Manager and Research Analyst. He is co-manager of the Small Cap Portfolio and conducts research on stocks in a number of sectors. Sasha aspired to work at Shaker for years before accepting the job. Shaker had established […]
Shaker Investments Announces Promotion of Brad Wheeler to Role of President
Shaker Investments is pleased to announce the promotion of Brad Wheeler to President. Brad, who joined the Shaker Investments team in November 2018, previously served as Vice President and Head of Business Development and Client Services. As President, Brad will honor and respect Shaker’s original mission statement and investment mandate, while imp...
Eye of the Storm – Edward Hemmelgarn
Excerpted from AdvisorHub: Becoming a leader in financial services isn’t an easy path. It requires grit, determination, intellect, and the ability to be the calm in the center of the storm market fluctuations can create. Edward Hemmelgarn, President and Co-Chief Investment Officer of Shaker Investments is just such a story. Edward got his start in ...
Shaker Strategies receive a Morningstar Rating™ of 4 and 5 stars
Shaker Investments is proud to announce that our Shaker Small Cap Growth strategy has received a Morningstar Rating™ of 5 stars overall as of 09/30/2022. Additionally, the Shaker Fundamental Growth strategy has received a Morningstar Rating™ of 4 stars overall during the same time period. Shaker has worked hard over many years to provide our [&hell...
Firm Announcement : Promotion of Kacie Wick to CCO
Shaker Investments is thrilled to announce the promotion of Kacie Wick to Chief Compliance Officer. Kacie joined Shaker Investments in 2011 and served as our Controller for many years, while also assuming more responsibility in our compliance department. As Chief Compliance Officer, Kacie will lead all compliance affairs within the firm. Kaci...
Shaker Small Cap Growth Performance Comparison to LCG & Associates – 2Q 2022
We want to thank our clients for placing their trust in Shaker Investments. At Shaker, we are active managers and focused on performing for our clients over the long-term. Over long periods of time, and full market cycles, we strive to achieve net returns in our strategies that exceed returns of their respective benchmarks. We […]
Small Cap Growth Strategy Awarded Top Gun Designation
Shaker Investments LLC Named to PSN Top Guns List of Best Performing Strategies for Q1 2022 Quarterly PSN Top Guns List published by Zephyr identifies best-in-class separate accounts, managed accounts, and managed ETF strategies Cleveland, OH—June 14, 2022— Shaker Investments LLC announced today it has been named to the celebrated PSN Top Guns List...
Shaker Investments LLC Awarded Top Guns Designation
Cleveland, OH — November 17, 2021— Shaker Investments has been awarded a PSN Top Guns distinction by Informa Financial Intelligence’s PSN manager database, North America’s longest running database of investment managers. Shaker Investments was honored with 1, 3, 4, 5, and 6 star and Bull/Bear Top Guns ratings for its Small Cap Growth strateg...
Earnings, Valuations, and Uncertainty: Navigating 2025’s Market
Sasha A. Kostadinov of Shaker Investments has authored an insightful article for WealthManagement’s 2025 Market Outlook, examining the key factors expected to shape the year ahead. The piece explores the relationship between corporate earnings, market valuations, and the uncertainty impacting investor decisions. Gain valuable insights and exp...
Protecting Your Investments: Key Strategies to Prevent Fraud
In 2023, the FBI’s Internet Crime Complaint Center (IC3) received a record number of complaints from the American public: 880,418 complaints were registered, with potential losses exceeding $12.5 billion. Fraud and cybercrimes pose significant risks to everyone but there are practical steps to take to protect your identity and assets. To minimize e...
The Return of the Small-Cap Premium in 2024?
Our latest Wealth Management article is now available online! Here at Shaker, we believe in the power of small cap stocks. That belief has always been backed by our proprietary research, and this year is no different. If you want to best position your portfolio for 2024, now might be a good time to take […]
Is it Time for Investors to Buy Small Caps?
After a robust start to the year for most stock market participants, with the S&P 500 increasing 7.5% in the first quarter, many investors may be questioning their allocations to small cap stocks which rose just 2.7% in the quarter. For investors in this segment of the market, the frustrating trend is not just a 2023 phenomenon, as small cap stocks...
Are your investment vehicles best suiting your needs?
Most investors are familiar with mutual funds and exchange traded funds (ETF) and many have a large percentage of their overall portfolio invested in them. Mutual funds and ETFs are pooled investment vehicles registered with the SEC and subject to certain rules and regulations. These two investment types are comprised of individual securities, like...
Why Are Bank Stocks Falling So Much and What Does This Mean for The Market and My Portfolio?
Several banks recently have been forced to cease operation, and over the weekend the federal government stepped in to protect deposits, even those exceeding the FDIC limit of $250,000, at those banks. You may have questions about what this means for the economy, the stock market and your portfolio. Here we attempt to provide some […]
Shaker Investments Small Cap Growth Update – 3Q 2024
The market’s “seesaw effect” has been evident throughout the year, with capital shifting back and forth between large-cap and small-cap stocks. Small-capitalization stocks had a strong start to the year, capturing investor interest with their potential for higher growth. However, they lost some momentum in the second quarter as economic...
Shaker Investments Small Cap Growth Update – 2Q 2024
The momentum in the equity markets persisted into the second quarter. The theme of a broadening rally played out in the first quarter of the year but quickly fizzled this quarter. The market was led almost entirely by the largest market capitalization technology stocks. Small caps continue to underperform as the belief that the Federal […]
Shaker Investments Small Cap Growth Update – 1Q 2024
It was a great quarter to be an investor in US Equities. While the large cap market continued to trend higher, more stocks participated in the rally, a trend we also saw in the fourth quarter of 2023. The market continues to be led by the “mega cap” companies, with the ten largest companies accounting […]
Shaker Investments – 4Q 2023 Update
US Equity Markets had broadly positive returns in the quarter and specifically a widening rally in the last two months of the year. As we discussed in prior letters this year, positive equity market returns for the first ten months of the year were almost entirely due to the performance of the ten largest stocks […]
Shaker Investments – 3Q 2023 Update
Following a strong first half of the year, particularly for the largest capitalization stocks, the equity markets experienced a correction during the third quarter. The S&P 500 peaked in late July near 4,600, within 5% of all-time highs, but declined approximately 7% in August and September for a net loss in the third quarter of […...
Shaker Fundamental Growth – 2Q 2023 Update
Domestic equity returns were strong in the second quarter and year to date, especially for the largest market capitalization stocks. The seven largest companies, comprising 28.2% of the total market cap of the S&P 500 as of June 30th, accounted for 75.8% of the total appreciation in the S&P 500 for the first six months […]
Small Cap Growth – First Quarter 2023 Update
The first quarter was positive, albeit mixed for U.S. equity markets. The S&P 500 rose 7.50%, as large cap technology stocks led the way higher with the Nasdaq composite up 17.05% in a reversal of its 2022 underperformance. Underneath the surface, this strong performance was concentrated in “mega cap” stocks as the ten largest companies [&helli...
Small Cap Growth – Fourth Quarter 2022 Update
The 4th quarter of 2022 was a challenging, but positive quarter for the US Equity markets as significant volatility continued to persist. The S&P 500 was up 7.56% for the quarter but down 18.11% for the year. The US Small Cap Growth Index (USSGI) was up 4.13% and down 26.36% for the year. Volatility can […]
Shaker Fundamental Growth – 4Q 2022 Update
US Equity Markets were difficult in 2022. Equities began to correct at the start of the year in response to inflation and anticipation of interest rate hikes by the Federal Reserve. Rate hikes affected stock prices in two ways: 1) the higher discount rate reduced the present value of future cash flows, which weighed on […]
Small Cap Growth – Third Quarter 2022 Update
The investment environment remained very complex and volatile in the 3rd quarter. The S&P 500 Index was down 4.88% for 3rd quarter but was up over 17% from mid-June to mid-August, only to decline sharply in the 2nd half of the quarter. The US Small Cap Growth Index was no exception, rising nearly 28% early […]
Shaker Fundamental Growth – 3Q 2022 Update
US Stock Market returns for the first nine months of the year were significantly less than long term expectations. Broad market indices were down roughly twenty five percent as rising interest rates, high inflation, and recession fears pressured valuation multiples for stocks. Rising interest rates have also led to double digit declines in fi...
Small Cap Growth – Second Quarter 2022 Update
Investing did not get any easier during the second quarter of 2022. The Equity markets continued to face challenges, and it was particularly difficult for growth stocks. Inflation continued to trend higher and concerns about a recession are real. The Federal Reserve Bank focused on tapering inflation pushing through two interest r...
Shaker’s Small Cap Growth – 1Q 2022 Update
The market environment was challenging during the first quarter of 2022. Investors wrestled with inflationary trends not seen in a generation, the first of several Federal Reserve interest rate increases and geopolitical turmoil triggered by Russia’s invasion of Ukraine which led to a dramatic shift in investor risk tolerance. The Shake...
First Quarter 2022 – Fundamental Growth Update
In the first quarter of 2022, the Shaker Fundamental Growth strategy declined along with the major U.S. equity market indices. Broadly, large cap stocks declined less than small caps with the S&P 500 falling 4.6% in the quarter, while small cap growth stocks were down 12.6%. This continued the relative trend from 2021 as the […]
Shaker’s Small Cap Growth – 2021 Fourth Quarter Update
In the fourth quarter and full year 2021, the Small Cap Growth Strategy had very strong returns as compared to the performance of U.S. small cap growth stocks as measured by the largest US small cap growth index. In general, small cap stocks underperformed large cap stocks, with small cap growth stocks lagging even more. […]
Fourth Quarter 2021 – Fundamental Growth Update
In the fourth quarter and full year 2021, Shaker’s Fundamental Growth and the major U.S. equity market indices had strong returns on a percentage basis. In the fourth quarter, the strategy and the S&P 500 rose as large cap stocks outperformed small cap stocks in US markets. The S&P 500 increased more than 11% in […]
