River Oaks Capital was founded and managed by Whit Huguley, CFA, who brings extensive experience in micro and small-cap value investing. Huguley holds an MBA from Tulane University's A.B. Freeman School of Business and completed undergraduate studies at Louisiana State University, majoring in Political Science with a minor in Business. He established River Oaks Capital with headquarters in New Orleans, Louisiana, launching the fund on January 1, 2020. Huguley's investment approach emphasizes gaining competitive advantages through in-depth research on underfollowed companies and building personal relationships with management teams through direct visits. His methodology treats the due diligence process as if purchasing entire companies, requiring extensive travel, management meetings, factory tours, and competitive analysis. Under his leadership, the fund delivered an 11% annualized return since inception and achieved strong performance including a 23.9% return in 2024. However, the fund's SEC registration was withdrawn effective March 13, 2025, marking the end of its regulatory status as a registered investment adviser.

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River Oaks Capital's investment philosophy is centered on adopting an owner and long-term mindset when investing in a carefully selected group of underfollowed micro cap and small cap public companies. The firm focuses on discovering mispriced investment opportunities within less-followed public markets by conducting extensive, in-depth research and building personal relationships with each company's management team. The strategy emphasizes treating shares as ownership stakes in businesses rather than trading instruments, following Warren Buffett's guidance to think like a prospective owner. The fund targets companies under $1 billion market cap where passive indexing is minimal, seeking significant discounts to intrinsic value. The approach requires hands-on due diligence including management meetings, factory tours, and competitor analysis. The portfolio is divided between wonderful businesses with sustainable competitive advantages led by top-tier management, and excessive discount companies trading at deep undervaluations, with 10-15 concentrated positions plus approximately 15 monitored companies.

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