Tributary Capital’s Multi Cap Core strategy opened a position in Avnet in Q2 2026, citing three potential profit drivers: data-center component demand, a recovery in higher-margin Farnell sales, and improving industrial, automotive and aerospace markets after destocking.
The strategy’s equity allocation returned 12.5% in Q2, trailing the S&P 1500 (15.3%) and Russell 3000 (15.4%). Its technology holdings gained 23.0%, below the S&P 1500 technology sector’s 32.3% return.
Avnet closed at $101.15 on Sept. 23, 2026; its shares had risen 91.95% over the previous year. Its reported market capitalization was $8.30 billion.
