It was the worst week yet for small caps since the competition began with a decline of over 5%.  However, it wasn’t all terrible news for the Adirondack Cup teams, especially for the six teams that hold Cronos.  Cronos, which invests in businesses focused on medical marijuana, catapulted 39% on the news that Altria (Philip Morris parent company) was making a significant investment in the company. Also noteworthy was Skidmore’s jump into first place.  One of its positions, a biopharma company, agreed to be acquired and consequently the stock rose nearly 60% on the news.

Below are the current standings of the Adirondack Cup.  These returns are since inception (October 15, 2018).

       
Current Last week Total Return  
1         (3) Skidmore College 13.83%  
2         (5) St. John Fisher College 8.26%  
3         (6) Clarkson University 5.23%  
4       (13) Hamilton College 2.17%  
5         (2) Keuka College 1.64%  
6       (16) RPI 1.50%  
7         (1) State University of New York at Plattsburgh 0.49%  
8         (4) The College of Saint Rose 0.29%  
9         (7) Penn State Behrend -3.00%  
10       (24) Buffalo State -4.74%  
11         (9) Stonehill College -5.01%  
12       (14) Grove City College -5.20%  
13       (15) Hofstra University -7.22%  
14       (18) Bryn Mawr College -7.64%  
15       (11) Saunders College of Business at RIT -8.08%  
16       (12) Binghamton University -8.12%  
17       (10) University at Albany, State University of New York -9.02%  
18         (8) Southern Vermont College -9.40%  
19       (21) Bentley University -9.89%  
20       (20) Nazareth College -10.05%  
21       (25) The College at Brockport, State University of New York -12.56%  
22       (19) Wesleyan University -12.59%  
23       (22) Ithaca College -13.16%  
24       (23) Siena College -13.80%  
25       (17) Rhode Island College -14.10%  
26       (26) Temple University -18.75%  
27       (27) State University of New York at Geneseo -24.50%  
 
 
Russell 2000 Index -6.19%  
Adirondack Cup Aggregated -6.05%  
 
() Denotes prior week’s standing