Red Violet (RDVT) Fell as It Joined the AI-driven Selloff
Key takeaways
- The Wasatch Micro-Cap Fund—Investor Class fell 3.11% in Q1 2026 but outperformed the Russell Microcap Growth benchmark, which declined 4.25%.
- In its first-quarter 2026 investor letter, Wasatch Micro Cap Fund highlighted Red Violet, Inc.
- Wasatch Micro Cap Fund stated the following regarding Red Violet, Inc.
Red Violet (RDVT) Fell as It Joined the AI-driven Selloff Soumya Eswaran Fri, June 19, 2026 at 8:35 PM GMT+7 3 min read RDVT Wasatch Global Investors, an asset management company, released its “Micro Cap Fund” Q1 2026 investor letter. A copy of the letter can be downloaded here. The Wasatch Micro-Cap Fund—Investor Class fell 3.11% in Q1 2026 but outperformed the Russell Microcap Growth benchmark, which declined 4.25%. Sectors like industrials, consumer discretionary, and financials contributed positively to the fund’s performance, while information technology detracted. The US-Iran conflict and concerns about AI disruption led to market volatility in the quarter. The fund maintains a balanced risk portfolio, with strong fundamentals positioning it for long-term growth. In addition, you can check the Fund’s top 5 holdings for its best picks for 2026.
In its first-quarter 2026 investor letter, Wasatch Micro Cap Fund highlighted Red Violet, Inc. (NASDAQ:RDVT). Red Violet, Inc. (NASDAQ:RDVT) is a software and services company that provides analytics and information solutions focusing on identity intelligence and risk management. On June 18, 2026, Red Violet, Inc. (NASDAQ:RDVT) closed at $55.10 per share. One-month return of Red Violet, Inc. (NASDAQ:RDVT) was 8.81%, and its shares gained 16.12% over the past 52 weeks. Red Violet, Inc. (NASDAQ:RDVT) has a market capitalization of $777.4 million.
Wasatch Micro Cap Fund stated the following regarding Red Violet, Inc. (NASDAQ:RDVT) in its Q1 2026 investor letter: