There's another way to look at the SC13G/A filing by Brio Capital. They file a great number of SC13G/A's, indicating that the fund invests in a lot of innovative companies, that are trading at value prices: Here's a link to the SEC opage showing all the companies they have invested in: https://searchwww.sec.gov/EDGARFSClient/jsp/EDGAR_MainAccess.jsp?search_text=Brio%20Capital&sort=Date&formType=FormSC13GAD&isAdv=true&stemming=true&numResults=10&numResults=10 Brio Capital SC13G/A filings Actually, a pretty impressive list of interesting small caps. They appear to look for value in dynamic young companies.