
Investment Philosophy
Minot Light Capital Partners brings an institutional approach to a largely non-institutional investment universe. It is our belief that the small-cap and micro-cap segments of the public equity market are areas with increasingly less institutional competition, and as a result, they provide the opportunity for greater inefficiencies than ever before. We take a fundamental approach in identifying small-cap and micro-cap companies that are early in their growth lifecycle, facing large and accretive capital deployment opportunities and are attractively valued relative to our assessment of fair value. By focusing on small-cap and micro-cap companies with solid balance sheets, strong business models, and long-duration growth opportunities that trade at attractive valuations, we seek to diminish the risk of a permanent loss of capital for our partners.
Meet the Team
Thomas Wetherald | Chief Investment Officer
Thomas Wetherald is a highly experienced buy-side investor with extensive tenures analyzing stocks and managing portfolios in the small-cap space. Mr. Wetherald has twenty years of institutional investing experience, including 7 years at Manning & Napier as a research assistant, research associate and research analyst, as well as 13 years at Massachusetts Financial Services (MFS), including 3 years as an analyst on the small-cap team and 10 years as portfolio manager for the multi-billion dollar MFS New Discovery small-cap growth fund from 7/1/2004 through 12/31/2014. He served as the sole Portfolio Manager of the MFS New Discovery Fund from 2/24/2005-12/31/2013. Following his tenure at MFS, he has continually operated as a private investor. He was also an early investor and CFO of Laird Superfood prior to the company going public. Mr. Wetherald has been recognized for his acumen as a portfolio manager in several publications, including Barron’s, Bloomberg, and Investors Business Daily. He was
named the Boston Globe’s Mutual Fund Manager of the Year in 2010.
Edward Reilly, CFA | Chief Financial Officer
Edward Reilly has focused on small and micro-cap stocks throughout his investment career, first as an Investment Specialist at Gage Wealth Advisors from 2018-2020, then as a sell-side analyst focused on small-cap stocks at EF Hutton from 2020-2023, and then as a buy-side analyst focused on small-cap stocks at Kanen Wealth Management LLC from 2023-2024.