River Oak Discovery Fund
RIVSX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
•
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
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 225 Pictoria Drive, Suite 450 Cincinnati OH United States of America 45246
- IPO Date
- Jun 30, 2005
- CIK
- 0001050918
- Website
- oakfunds.com
- Similar Companies
- Business
- River Oak Discovery Fund (RIVSX) is a small-cap growth mutual fund that seeks long-term capital appreciation by investing primarily in common stocks of U.S. companies with market capitalizations under $5 billion, focusing on rapidly growing firms not yet fully discovered by Wall Street; it employs a dual-concentrated investment approach limiting holdings to high-conviction stocks in select sectors such as technology, industrials, financial services, and healthcare, with supplemental exposure to non-U.S. equities and cash equivalents. The fund offers Class I shares with a total annual operating expense ratio of 1.20%, a minimum initial investment of $2,000 (or $1,000 with a monthly automatic investment plan), and daily pricing, targeting individual investors, financial advisors, institutions, foundations, endowments, and pension plans seeking small-blend style exposure. Managed by Robert Stimpson since inception and Jeffrey Travis since 2019, the fund maintains low turnover, with top holdings including Advanced Energy Industries Inc., Tower Semiconductor Ltd., Barrett Business Services Inc., Cirrus Logic Inc., and Silicon Motion Technology Corp. ADR as of recent data. Launched on June 30, 2005, by Oak Associates, Ltd., headquartered in Bath, Ohio—the firm founded in 1985 with approximately $1.7 billion in assets under management—the fund operates within the broader U.S. equity segment, primarily serving domestic markets while holding about 82% in U.S. stocks, 14% in non-U.S. stocks (concentrated in regions like the Middle East and Asia), and 4% in cash. Oak Associates manages the fund alongside six other mutual funds and several SMA and institutional strategies, all adhering to a long-term, low-turnover, concentrated philosophy rooted in top-down sector selection and bottom-up stock picking. In 2019, Oak Associates underwent a significant ownership transition when founder Jim Oelschlager transferred control to the management team comprising Co-CIO Robert Stimpson, Chief Compliance Officer Margaret Ballinger, and Chief Financial Officer Carol Zollars, ensuring continuity in its investment principles. The firm marked its 40th anniversary in 2025 with no reported capital gains distributions estimated for RIVSX year-end, reflecting disciplined portfolio management amid stable operations. As of late 2025, the fund maintains total net assets of approximately $21.56 million, with year-to-date performance at around 9.42% and annualized returns of 11.67% over five years, underscoring its focus on niche, durable growth companies without recent partnerships, acquisitions, or major strategic shifts.