{"id":391901,"date":"2026-11-03T09:10:28","date_gmt":"2026-11-03T09:10:28","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-ny\/391901\/"},"modified":"2026-11-03T09:10:28","modified_gmt":"2026-11-03T09:10:28","slug":"fpa-queens-road-small-cap-value-fund-adds-more-shares-of-jbt-marel-corporation-jbtm","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-ny\/391901\/","title":{"rendered":"FPA Queens Road Small Cap Value Fund Adds More Shares of JBT Marel Corporation (JBTM)"},"content":{"rendered":"\n

Investment management company First Pacific Advisors<\/a> recently released its “FPA Queens Road Small Cap Value Fund” Q3 2026 investor letter. A copy of the letter can be downloaded here<\/a>. The Fund returned -7.62% in the third quarter of 2026, underperforming the Russell 2000 Value Index, which fell 4.91%. However, the Fund’s year-to-date return of 17.35% exceeded the benchmark’s 16.96%. Portfolio managers attributed the quarterly underperformance primarily to the Fund’s lack of exposure to Energy and Healthcare, and weakness in consumer discretionary holdings. They noted that recent small-cap gains had been driven largely by speculative stocks, including loss-making companies and biotechnology businesses, while profitable small-cap companies continued to trade at attractive valuations relative to larger peers. During the quarter, the fund reduced its exposure to appreciated technology stocks and invested in established businesses with sound fundamentals and reasonable valuations. Looking ahead, the managers acknowledged continued market volatility but remained confident in the Fund’s long-term prospects, emphasizing that discipline, patience, and a focus on business fundamentals would help the portfolio navigate speculative market conditions. In addition, please check the Fund’s top five holdings to know its best picks in 2026.In its third-quarter 2026 investor letter, FPA Queens Road Small Cap Value Fund highlighted stocks like JBT Marel Corporation (NYSE:JBTM<\/a>). JBT Marel Corporation (NYSE:JBTM) manufactures food processing equipment for the protein, processed food, and beverage industries. The one-month return of JBT Marel Corporation (NYSE:JBTM) was 5.62% while its shares traded between $102.97 and $170.19 over the last 52 weeks. On October 30, 2026, JBT Marel Corporation (NYSE:JBTM) stock closed at approximately $109.17 per share, with a market capitalization of about $5.64 billion.FPA Queens Road Small Cap Value Fund stated the following regarding JBT Marel Corporation (NYSE:JBTM) in its Q3 2026 investor letter: <\/p>\n

“JBT Marel (NYSE:JBTM) makes food processing equipment. Half the business is protein, concentrated in chicken, while half the business is processed food and beverages. Half of sales come from aftermarket parts and service, food markets are relatively non-cyclical, and the company has a history of consistent margin improvements. Shares have been weak as investors worry about profitability at JBTM’s protein customers and the company missed Q2 earnings on August 3. We have been pleased to add shares at less than 15 times this year’s earnings.” <\/p>\n

\"FPA<\/a> FPA Queens Road Small Cap Value Fund Adds More Shares of JBT Marel Corporation (JBTM) <\/p>\n

DeymosHR\/Shutterstock.comJBT Marel Corporation (NYSE:JBTM) is not on our list of 40 Most Popular Stocks Among Hedge Funds Heading Into 2026<\/a>. As per our database, 33 hedge fund portfolios held JBT Marel Corporation (NYSE:JBTM) at the end of the second quarter, which was 40 in the previous quarter. While we acknowledge the risk and potential of JBT Marel Corporation (NYSE:JBTM) as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock<\/a>.In another article<\/a>, we covered JBT Marel Corporation (NYSE:JBTM) and shared our views on the company’s messy second quarter. In addition, please check out our hedge fund investor letters Q3 2026<\/a> page for more investor letters from hedge funds and other leading investors.READ NEXT: 33 Stocks That Should Double in 3 Years<\/a> and 15 Stocks That Will Make You Rich in 10 Years<\/a> Disclosure: None. This article is originally published at Insider Monkey. <\/p>\n","protected":false},"excerpt":{"rendered":"Investment management company First Pacific Advisors recently released its “FPA Queens Road Small Cap Value Fund” Q3 2026…\n","protected":false},"author":2,"featured_media":391902,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[37],"tags":[27693,288,3352,3365,1603,13572,1964,27694,13573,13574,13307,27695,9,24,63,3577,122,124,123,4955,1491,1577,4945,13575,13576,4946,27696,11467,27697],"class_list":["post-391901","post","type-post","status-publish","format-standard","has-post-thumbnail","category-queens","tag-401k","tag-business","tag-business-news","tag-economy","tag-finance","tag-financial-information","tag-investing","tag-investment-tools","tag-investor","tag-market-news","tag-mortgage","tag-mutual-funds","tag-new-york","tag-new-york-city","tag-nyc","tag-personal-finance","tag-queens","tag-queens-headlines","tag-queens-news","tag-quote","tag-real-estate","tag-retirement","tag-stock","tag-stock-research","tag-stock-valuation","tag-stocks","tag-suze-orman","tag-tax","tag-track-portfolio"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/391901","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/comments?post=391901"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/391901\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media\/391902"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media?parent=391901"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/categories?post=391901"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/tags?post=391901"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}