Wasatch Micro Cap Fund
WMICX
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.- CEO
- Robert T. Gardiner
- Sector
- Financial Services
- Industry
- Asset Management
- Address
- Salt Lake City, UT 84111 Salt Lake City UT United States of America 84111
- IPO Date
- Sep 15, 1995
- CIK
- 0000806633
- Website
- wasatchglobal.com
- Similar Companies
- Business
- Wasatch Micro Cap Fund (WMICX) is an open-end mutual fund that seeks long-term growth of capital as its primary objective, with income as a secondary goal; it invests at least 80% of its net assets in equity securities, typically common stocks, of micro-capitalization companies defined as those with market capitalizations less than the larger of $1.5 billion or the market cap of the largest company in the Russell Microcap Index at the time of purchase; up to 30% of total assets may be allocated to foreign company equity securities. The fund employs a bottom-up, fundamental research approach to identify high-quality growth companies with outstanding long-term potential, maintaining a diversified portfolio of approximately 50-80 positions primarily in U.S. micro-cap stocks across sectors such as consumer defensive, financial services, technology, industrials, and healthcare; top holdings as of recent data include Mama's Creations Inc., Esquire Financial Holdings Inc., The Vita Coco Co. Inc., Climb Global Solutions Inc., and Red Violet Inc.. Managed by Wasatch Global Investors, a 100% employee-owned investment management firm founded in 1975 and headquartered in Salt Lake City, Utah, the fund targets the less efficient micro-cap universe to capitalize on stock-picking opportunities in high-growth companies. Launched on June 19, 1995, WMICX operates within the small growth category, with total net assets of approximately $555 million and a net expense ratio of 1.66%; it is available to U.S. investors with a minimum initial investment of $2,000 and additional investments of $100. Kenneth A. Korngiebel serves as lead portfolio manager since July 2017, supported by Natalie Pesque as portfolio manager since January 2022. The fund previously closed to new investors to manage capacity but aligns with Wasatch Global Investors' broader reopenings of similar strategies in prior years, reflecting a commitment to long-term shareholder protection amid favorable market conditions. In recent developments, the Investor Class of the fund returned 9.52% in Q3 2025, underperforming the Russell Microcap Growth Index's 19.93% amid robust microcap performance; it posted 2.61% in Q4 2024 versus the benchmark's 11.55%, and declined 16.57% in Q1 2025 while outperforming the index's -17.75%. Wasatch Global Investors bolstered its small-cap offerings in 2025 by hiring Mark Madsen and Karson Schrader from Grandeur Peak Global Advisors early in the year and launching the Wasatch Global Small Cap Value Fund (WACVX/WGCVX) and Wasatch International Small Cap Value Fund (WASVX/WGSVX) in September/October 2025, expanding its value strategies with a focus on quality undervalued growth companies. These moves enhance the firm's lineup complementary to WMICX's growth mandate, drawing on Wasatch's 50-year expertise in micro- and small-cap investing across U.S. and international markets.