Browse the world's most comprehensive database of hedge fund investor letters, sorted by recent quarter. Access primary source research from leading institutional managers.
| Quarter | Letter Date | Fund Name | QTD | YTD | Tickers | Themes | Quick Take |
|---|---|---|---|---|---|---|---|
Buyside Digest is not affiliated with, and does not endorse, Alluvial Capital Management. This analysis is provided for institutional research purposes only and is not investment advice.
"Proving that plain vanilla value investing in 'boring' defensive companies can strongly outperform without chasing speculative AI or tech trends."
Alluvial Fund had its best year on record in 2025, returning 41.2% net. Key drivers included Zegona Communications (substantial cash returns/share reduction), Crawford United (agreed to be acquired by SPX Technologies), Garrett Motion, and McBride plc. During the fourth quarter, Alluvial initiated new positions in paper manufacturer Sylvamo Corp and phosphate producer Itafos Inc., while continuing to accumulate shares in post-bankruptcy engineering firm McDermott International. Alluvial's AUM reached $180 million, causing a deliberate and gradual shift in focus toward the 'very small' ($100 million to $2 billion market cap) segment of the public market, which the manager finds to be highly inefficient and neglected.
Sign in or create a free account to unlock full commentary, extracted equity pitches, and direct outbound manager source links with your 3 quarterly credits.
Algorithmic conviction, macroeconomic posture, and risk appetite signals extracted from this quarterly letter with qualitative explanations.
Market Conviction
Growth Outlook
Risk Appetite
Capital Deployment
Forward Guidance
Language Signal
Perceived Risk
Opportunity Density
Time Horizon