Nomura Small Cap Growth Fund on The Chefs' Warehouse Inc.
Thesis
The Chefs' Warehouse was a meaningful contributor within consumer staples. The fund attributes the performance to robust demand trends and solid execution in specialty food distribution. The holding is consistent with the strategy's preference for companies with established business models and demonstrable operating progress.
“The Chefs' Warehouse Inc., which delivered strong returns driven by robust demand trends and solid execution in specialty food distribution.”