Rice Hall James Small Cap Portfolio (RHJMX) is a mutual fund within The Advisors' Inner Circle Fund complex that seeks maximum capital appreciation, consistent with reasonable risk to principal, by investing at least 80% of its net assets in equity securities of small-capitalization companies with market capitalizations typically ranging from $250 million to $10 billion. The portfolio employs a bottom-up, fundamental stock selection process to identify reasonably priced, less visible companies with unique business concepts or niche products poised for growth; it holds approximately 57 positions across sectors such as communication services, consumer discretionary, materials, and others. Managed by Rice Hall James & Associates, LLC, an independent, 100% employee-owned investment adviser founded in 1974 and headquartered in San Diego, California, the firm specializes in micro-cap, small-cap, and SMID-cap equity strategies for institutional clients including pension funds, endowments, foundations, and high-net-worth individuals, as well as private clients primarily in the United States.
The firm oversees approximately $1.78 billion in discretionary assets under management as of December 31, 2024, with the Small Cap Portfolio forming part of its suite of offerings that also includes the Micro Cap Portfolio (RHJSX). Rice Hall James maintains a disciplined risk-controlled approach, focusing on undervalued growth opportunities through proprietary research, and operates solely in investment management without other business lines.
In recent developments, Rice Hall James updated its Form ADV Part 2A in 2025 to reflect assets under management as of December 31, 2024, revisions to its managing members list, and removal of references to services for a Collective Investment Trust; the firm also continued active portfolio management, adding new positions such as Sportradar Group AG, QuidelOrtho Corporation, and Crinetics Pharmaceuticals in recent quarters while adjusting stakes in holdings like Century Casinos.