Buffalo Mid Cap Fund
BUFMX
NASDAQ- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- Kornitzer Capital Management, Inc. Shawnee Mission KS United States of America 66205
- IPO Date
- Dec 14, 2001
- CIK
- 0001135300
- Website
- buffalofunds.com
- Similar Companies
- Business
- Buffalo Mid Cap Growth Fund (BUFMX) is an actively managed open-end mutual fund that seeks long-term capital growth by investing primarily in equity securities of mid-cap growth companies. The fund allocates at least 80% of its net assets to common stocks, preferred stocks, convertible securities, warrants, and rights of mid-cap discovery companies, defined as those with market capitalizations within the range of the Russell Midcap Growth Index at the time of purchase; it maintains a diversified portfolio across sectors such as technology (approximately 22%), industrials (22%), healthcare (14%), financial services (12%), and real estate (8%), with top holdings including MSCI Inc., CBRE Group Inc., Verisk Analytics Inc., Veeva Systems Inc., and Vistra Corp. Investor class shares (BUFMX) carry a net expense ratio of 1.01%, while institutional class shares (BUIMX) have a lower ratio of 0.88%; both classes feature no front-end or deferred loads, with minimum initial investments of $2,500 for investor shares and daily pricing. Launched on December 17, 2001, and advised by Kornitzer Capital Management, Inc., the fund is part of the Buffalo Funds family, which comprises 10 no-load, actively managed mutual funds focused on domestic equity, international equity, and income strategies; portfolio management is led by Josh West (since November 2017), Doug Cartwright (since December 2021), and Dave Carlsen (since April 2024). Headquartered in Mission, Kansas, near Kansas City, the Buffalo Funds operate primarily in the United States, targeting individual and institutional investors seeking growth-oriented exposure to mid-cap equities with strong balance sheets, scalable models, wide competitive moats, and reasonable valuations. Recent developments include the introduction of institutional class shares (BUIMX) in July 2019, providing a lower-cost alternative with enhanced performance attribution in Morningstar rankings (e.g., 62nd percentile over 3 years in mid-cap growth category as of September 30, 2025); the fund maintained a low portfolio turnover of 13% as of the latest reporting. In December 2024, BUFMX distributed short-term capital gains of $0.01717 per share and long-term capital gains of $1.11367 per share, reflecting active management adjustments amid market conditions; no major acquisitions, partnerships, funding rounds, or strategic shifts specific to BUFMX were reported in the last 1-2 years, though the broader Buffalo Funds continue to emphasize independent, research-driven investing under Kornitzer Capital.