Frp Advisory Group Plc

• DO Downing VT Downing Small & Mid-Cap Income Fund Quarterly Commentary – March 2026 ↗ VT Downing Small & Mid-Cap Income Fund added to Dunelm after weaker sales and initiated positions in Renew Holdings, Nichols, Mears Group, Greencore and Luceco. It exited Kitwave, JTC, TP ICAP, Kainos and Speedy Hire, while arguing that Serica Energy and Cohort benefit from stronger operational and defence-spending outlooks. first quarter 2026 COHTF $818MDNLM $2.5BFRP $421M +1

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