Brian Frank admits “nothing worked in value this week” as momentum keeps outpacing value strategies, even as management teams announce accelerated buybacks on compelling relative valuations. He warns against chasing technology stocks as growth-versus-value spreads widen further, and explains why he deployed remaining cash and is rotating out of lower-conviction holdings.
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Why value investing works without needing a “bigger fool.” Cash production, buybacks, and dividends make the math most compelling exactly when value stocks are “eating dirt.” Opportunity in consumer discretionary, consumer staples, and materials names.
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Do you have déjà vu? AI infrastructure names rally relentlessly, echoing the run-up that unwound sharply in July. Compare the high valuations in AI to a value stock, H&R Block, offering a 4.2% dividend yield at a single-digit P/E, as short-term momentum continues to challenge value-oriented investors.
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Macro headwinds arise including diesel prices above $6/gallon and 10-year yields nearing 5%. Disover Frank Value Fund investments in Maximus, which generates nearly 15% of its market value in annual free cash flow, and United Natural Foods, undervalued with a 10% free cash flow yield and a $200 million buyback program.
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A discussion of value traps, outperforming without the Mag 7, and how a CAPE of 40 is a generational opportunity for active managers.
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Gomez & Company in the Morning on Syracuse Radio Station TK99 welcomes Leigh Baldwin and Brian Frank to talk value investing.
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Nvidia's earnings report where the stock failed to move meaningfully higher despite guidance for 70% revenue growth next year. Strong earnings report from JM Smucker (SJM) in the portfolio, while momentum stocks again failed to recapture earlier summer excitement. Also, a new spinoff opportunity and an additional healthcare purchase that brings total healthcare exposure above 13%.
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Brian Frank explains why Treasury yields above 5% raise the bar for taking on investment risk, and highlights a cancer-treatment breakthrough from Moderna and Merck that may be accelerated by AI. He also examines how new data center regulations in Texas and Pennsylvania are pressuring independent power producers, and looks to swap fully valued holdings for more compelling opportunities.
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Brian Frank highlights H&R Block, which appreciated over 16% on a fantastic earnings report, as a win for value investors. He discusses how momentum stocks continue to dominate market attention despite value portfolio gains, and shares a compelling spinoff opportunity uncovered for client capital.
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Brian Frank reviews a momentum bounce during earnings season, highlighting strong gains from defense contractors Science Applications International (SAIC) and Leidos (LDOS) on solid earnings reports. He examines disappointing reactions in independent power producers Vistra (VST) and Talen Energy (TLN) despite favorable long-term electricity demand trends, and previews an upcoming segment on hunting for value.
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Brian Frank examines how investor enthusiasm for star fund managers often leads to poor outcomes. He discusses market performance, noting that reversals are many in staples pricing while fundamentals remain stronger than momentum-driven strategies. The episode covers what worked (value stocks), what didn't (momentum/AI infrastructure), and opportunities in fundamentally sound companies experiencing volatility.
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Brian Frank highlights defense contractor performance, particularly Booz Allen (BAH), which benefited from encouraging earnings reports alongside geopolitical tensions. He examines why buying the dip worked as a trade but did not hold through week's end, and explores how market volatility creates opportunities when IPOs decline below their initial offering prices.
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In the Market Call, Brian Frank, manager of the Frank Value Fund, talks about absolute-value investing, noting that "nothing in the tech sector really is cheap" on an absolute basis, which has him looking more towards consumer staples and other areas that he says are trading at a discount. He also discusses the importance of not just buying stocks on the cheap but having a potential catalyst to unlock that value.
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Nick Colarossi interviews Frank Value Fund portfolio manager Brian Frank at the 24 minute mark. Brian discusses his economic outlook and market perspectives as CIO of the Frank Value Fund, a mid-cap value fund that has outperformed 93% of its peers over the past five years.
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Brian Frank discusses SK Hynix's $25 billion ADR listing amid volatility in momentum stocks, and makes the case for staying the course on fundamentals over FOMO. He highlights how companies with 10% free cash flow yields can reward shareholders through opportunistic buybacks better than momentum names trading at far higher valuations.
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The Frank Value Fund Institutional class returned 13.60% YTD 2026, compared to 17.58% for the Russell Midcap Value Index. Since January 2022, Frank Value has produced a total return of 83.20%, outperforming the Russell Midcap Value ETF and S&P 500 ETF. With 41% of the S&P 500 concentrated in the "AI Big 10," the fund finds diversified opportunities in undervalued consumer staples, healthcare, and defense stocks.
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Brian Frank discusses the delayed Anthropic IPO and a double-digit tumble in memory stocks, contrasting it with a strong week for value and low volatility names. He emphasizes the importance of process over story when buying and selling, and highlights the defensive appeal of healthcare stocks amid favorable demographics.
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Brian Frank examines the tug-of-war between momentum and value stocks, suggesting the market may be searching for new leadership from value. He highlights strong performance in consumer staples names like Hershey, JM Smucker, and Edgewell Personal Care, while cautioning against applying standard valuation metrics to alcohol companies under pressure.
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Brian Frank explores a positive reversal in Vistra Corp (VST) and independent power producers, examines the fundamentals of consumer staples like Hershey's (HSY) despite stock weakness, and discusses how these sectors can balance AI infrastructure investments.
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Brian Frank analyzes fundamental value in JM Smucker, NRG Energy, and Science Applications International, contrasting near-term value opportunities with distant growth prospects, and examines defense contractor investments.
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Brian Frank discusses tech stock reversals and defensive sector gains, emphasizing how value investors prioritize fundamentals over technical chart patterns when making investment decisions.
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In the first episode of Let's Be Frank with Brian Frank, portfolio manager Brian Frank discusses how investor enthusiasm for semiconductor stocks is redirecting capital away from other market segments. Brian examines overlooked defensive companies that may offer a prudent strategy during speculative cycles.
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The Frank Value Fund Institutional class returned 3.58% in Q1 2026, compared to 3.68% for the Russell Midcap Value Index. Since January 2022, Frank Value has produced a total return of 67.0%, outperforming the Russell Midcap Value ETF, S&P 500 ETF, and Nasdaq 100 ETF. The fund ranked in the top 5% of its Morningstar Mid-Cap Value category for the five years ended March 31, 2026.
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The Frank Value Fund Institutional class returned 12.29% in 2025, compared to 11.05% for the Russell Midcap Value Index. Since fully integrating catalyst-unlocking value into the strategy in January 2022, Frank Value Institutional class produced a total return of 61.3%, outperforming both the Russell Midcap Value ETF and the S&P 500 ETF.
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Listen to Frank Value Fund portfolio manager Brian Frank speak with host of MoneyLife, Chuck Jaffe about absolute value investing. Frank details the bargains in small and mid-cap value space that investors are overlooking.
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The Frank Value Fund Institutional class returned 15.68% YTD as of September 30, 2025, compared to 9.50% for the Russell Midcap Value Index. Since fully integrating catalyst-unlocking value into the strategy in January 2022, Frank Value Institutional class produced a total return of 66.13%, outperforming both the Russell Midcap Value Index and the S&P 500 Index.
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Nick Colarossi interviews Frank Value Fund portfolio manager Brian Frank at the 25:45 mark. A wide-ranging interview covering Frank Value's strategy, current portfolio holdings, and opportunities found in the tariff tantrum.
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The Frank Value Fund Institutional class returned 8.36% YTD as of June 30, 2025, compared to 3.12% for the Russell Midcap Value Index. NRG Energy announced a transformative acquisition and Cantaloupe Inc agreed to go private at a price 85% above the fund's initial purchase.
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US Stock markets have rallied significantly from the tariff tantrum lows in April 2025. Despite the broadening of the rally, value companies remain attractive on a relative and absolute basis. We believe small and mid-cap value equities offer a superior risk-adjusted allocation relative to the major indices.
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Frank Value Fund portfolio manager Brian Frank appears on Yahoo Finance to discuss active stock selection versus passive investing, the fund's thesis on independent power producers, and why NRG Energy is the fund's top holding.
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The Frank Value Fund Institutional class returned -2.32% in Q1 2025, compared to -2.11% for the Russell Midcap Value Index. As tariff-driven volatility rattles the market, the fund is sifting the wreckage for opportunities and raising exposure to independent power producers with recession-resistant earnings.
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Listen to Frank Value Fund portfolio manager Brian Frank speak with host of MoneyLife, Chuck Jaffe about absolute value investing. While the broader market is trading near historically high valuations, Frank details the bargains in small and mid-cap value space that investors are overlooking.
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