Small cap stocks typically refer to companies that are worth between $300 million and $2 billion market capitalization. Below, we highlight some of the best performing small cap mutual funds of 2014. All Data as of Nov. 30.

Hennessy Cornerstone Growth (HFCGX)

The Hennessy Cornerstone Growth (HFCGX) fund was launched in 1996 and is managed by Neil J. Hennessy and Brian E. Peery. The fund currently has $275 million in assets under management (AUM). The holdings in the fund are primarily in the industrials and consumer cyclical sectors. YTD, the fund is up 13%.

Largest Holdings

Southwest Airlines (LUV) – Southwest Airlines shares have doubled in 2014 as the company benefited from lower energy prices. This year, air transportation jumped.

Green Plains (GPRE) – After remaining flat for several years, GPRE jumped in 2014. However, shares fell in the second half of the year.

Targa Resources Corp (TRGP) – Targa Resources saw volatility in 2014 due to declining energy prices.

Oppenheimer Main Street Small Cap (OSCAX)

The Oppenheimer Main Street Small Cap (OSCAX) fund was launched in 2013 and is managed by multiple managers. The fund currently has $233 million in assets under management (AUM). OSCAX is primarily compiled of U.S.-based holdings across many industries. YTD, the fund is up 11%.

Largest Holdings

LaSalle Hotel Properties (LHO) – This hotel-focused REIT continued its bull run into 2014. The stock is now trading close to all time highs.

Korn/Ferry International (KFY) – Although the company posted a modest gain for 2014, shares took a hit this year due to disappointing guidance.

Western Refining Inc (WNR) – After a volatile 2014, WNR is ending the year in the negative.

Ancora MicroCap (ANCCX)

This fund was launched in 2008 and is managed by Denis J. Amato . The fund currently has $13 million in assets under management. ANCCX has holdings across several industries including the technology and healthcare sectors. It is up 12% YTD.

Albany Molecular Research Inc (AMRI) – This company was seeing gains around 100% until October when the company reported a weak outlook. Despite the drop, the stock is still up 50% in 2014.

Lakeland Industries Inc (LAKE) – LAKE surged more than 300% on the Ebola scare. Although the stock fell after fears loosened, it is still up 60% YTD.

Hawaiian Holdings Inc (HA) – This company is a holding company for common stock of Hawaiian Airlines. With the surge in airlines, HA is up 152% YTD.

The Bottom Line

The funds above were a part of the best performing mutual funds so far in 2014. For a complete list, click here.