Q3 2025 STRATEGY PERFORMANCE:
The Russell Midcap ETF and S&P500 Midcap ETF gained 5.33% and 5.52% for the quarter, respectively, while the L2 Midcap Select Strategy rose 9.16% net. Since inception in March 2021, the L2 Midcap Select Strategy is up 81.82%, more than double the returns of both benchmarks.
MARKET OVERVIEW: QUICK SUMMARY
Large Cap Growth led the way higher in Q3 again, up 10.43%, Large Cap Core rose 7.92%, and Large Cap Value rose a respectable 5.29%.2 Midcap, as measured by both the S&P Midcap (SPMD) and the Russell Midcap (IWR) benchmarks rose 5.52% and 5.33% respectively.
The importance of building a financial plan with your Advisor – and sticking to it – has never been more important in our view. Rarely has the market given investors such a brutal reminder that trying to time markets around macro news is a fool’s game. From the start of the year through April 8th, most US benchmarks were down between -15% and -20%; the one exception being the Large Cap Value ETF which fell “only” -10%.
L2 Midcap Select – Q3 2025
Table of contents
When
September 30, 2025
Who
Matthew Malgari
Dr. Sanjeev Bhojraj
Nathan Przybylo
Q3 2025 STRATEGY PERFORMANCE:
The Russell Midcap ETF and S&P500 Midcap ETF gained 5.33% and 5.52% for the quarter, respectively, while the L2 Midcap Select Strategy rose 9.16% net. Since inception in March 2021, the L2 Midcap Select Strategy is up 81.82%, more than double the returns of both benchmarks.
Large Cap Growth led the way higher in Q3 again, up 10.43%, Large Cap Core rose 7.92%, and Large Cap Value rose a respectable 5.29%.2 Midcap, as measured by both the S&P Midcap (SPMD) and the Russell Midcap (IWR) benchmarks rose 5.52% and 5.33% respectively.
The importance of building a financial plan with your Advisor – and sticking to it – has never been more important in our view. Rarely has the market given investors such a brutal reminder that trying to time markets around macro news is a fool’s game. From the start of the year through April 8th, most US benchmarks were down between -15% and -20%; the one exception being the Large Cap Value ETF which fell “only” -10%.