Miller Deep Value Strategy Q3 2025 Letter (NYSEARCA:MVPA)

bymuratdeniz/iStock via Getty Images Low Valuation and Smaller Caps: A Timely Opportunity The market recovery that began in early April continued throughout the third quarter. While growth and momentum stocks remained strong, generating double-digit returns, the marketplace began to broaden out. Small and micro-cap value stocks posted their strongest quarterly returns since Q4 2023. After a four-year pause, small caps resumed their upward momentum, finally reaching a new high and breaking the price leve ...