|
2001
|
Cutler Investment Counsel
Jacksonville,
Oregon
|
$517M
|
+$89.1M
|
+21%
|
|
|
103
|
|
|
|
2002
|
Goldentree Asset Management
New York
|
$516M
|
+$238M
|
+86%
|
|
|
33
|
|
|
|
2003
|
Institutional & Family Asset Management
Fort Collins,
Colorado
|
$516M
|
+$22.9M
|
+5%
|
|
|
186
|
|
|
|
2004
|
Ancient Art
Austin,
Texas
|
$515M
|
-$18.2M
|
-3%
|
|
|
13
|
|
|
|
2005
|
AWM Investment Company
New York
|
$515M
|
-$57.3M
|
-10%
|
|
|
103
|
|
|
|
2006
|
Sage Financial Group
W. Conshohocken,
Pennsylvania
|
$515M
|
+$58.5M
|
+13%
|
|
|
61
|
|
|
|
2007
|
Solus Alternative Asset Management
Summit,
New Jersey
|
$514M
|
-$57.8M
|
-10%
|
|
|
16
|
|
|
|
2008
|
Marble Harbor Investment Counsel
Boston,
Massachusetts
|
$514M
|
+$23.9M
|
+5%
|
|
|
161
|
|
|
|
2009
|
Menta Capital
San Francisco,
California
|
$514M
|
-$168M
|
-25%
|
|
|
936
|
|
|
|
2010
|
Heathbridge Capital Management
Toronto,
Ontario, Canada
|
$514M
|
+$17.2M
|
+3%
|
|
|
33
|
|
|
|
2011
|
Connable Office Inc
Kalamazoo,
Michigan
|
$514M
|
+$24.7M
|
+5%
|
|
|
186
|
|
|
|
2012
|
Caprock Group
Boise,
Idaho
|
$514M
|
+$34M
|
+7%
|
|
|
518
|
|
|
|
2013
|
First Personal Financial Services
Charlotte,
North Carolina
|
$513M
|
+$39.1M
|
+8%
|
|
|
1,038
|
|
|
|
2014
|
Gallagher Fiduciary Advisors
Rolling Meadows,
Illinois
|
$513M
|
+$264M
|
+106%
|
|
|
8
|
|
|
|
2015
|
Strategy Asset Managers
Pasadena,
California
|
$512M
|
+$23.4M
|
+5%
|
|
|
128
|
|
|
|
2016
|
Bangor Savings Bank
Bangor,
Maine
|
$511M
|
+$23.1M
|
+5%
|
|
|
154
|
|
|
|
2017
|
BTR Capital Management
Oakland,
California
|
$511M
|
+$20.6M
|
+4%
|
|
|
155
|
|
|
|
2018
|
First Mercantile Trust
Cordova,
Tennessee
|
$511M
|
-$42.1M
|
-8%
|
|
|
849
|
|
|
|
2019
|
Cypress Funds
Los Angeles,
California
|
$510M
|
+$60.7M
|
+13%
|
|
|
20
|
|
|
|
2020
|
Telemark Asset Management
Boston,
Massachusetts
|
$510M
|
+$23.7M
|
+5%
|
|
|
56
|
|
|
|
2021
|
Freshford Capital Management
Rye Brook,
New York
|
$508M
|
+$43.9M
|
+9%
|
|
|
26
|
|
|
|
2022
|
|
$506M
|
-$103M
|
-17%
|
|
|
14
|
|
|
|
2023
|
HoyleCohen
San Diego,
California
|
$506M
|
–
|
–
|
|
|
154
|
|
|
|
2024
|
Indaba Capital Management
San Francisco,
California
|
$506M
|
-$82.8M
|
-14%
|
|
|
27
|
|
|
|
2025
|
L. Roy Papp & Associates
Phoenix,
Arizona
|
$506M
|
+$43.2M
|
+9%
|
|
|
154
|
|
|