Hood River Small-Cap Growth Fund, Institutional Shares (HRSMX) is a mutual fund managed by Hood River Capital Management LLC that seeks long-term capital appreciation through investments primarily in common stocks of small-capitalization growth companies. The fund invests at least 80% of its net assets in equity securities, including common stocks, preferred stocks, convertible securities, and warrants, selected for their high earnings growth rates, attractive valuations, and improving fundamentals; it may also allocate up to 20% to other securities such as foreign stocks, American Depositary Receipts, and initial public offerings. Hood River Capital Management emphasizes a bottom-up, fundamental research process, focusing on companies with market capitalizations generally under $6 billion at the time of purchase, targeting sectors like technology, healthcare, consumer discretionary, and industrials. The firm, founded in 1990 and headquartered in Hood River, Oregon, serves institutional and high-net-worth investors across the United States. In recent developments, Hood River Capital Management restructured its leadership in 2024 with the appointment of new portfolio managers to enhance small-cap expertise amid market volatility, and the fund launched an ESG integration overlay in early 2025 to address investor demand for sustainable growth strategies while maintaining its core growth mandate.