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| Quarter | Letter Date | Fund Name | QTD | YTD | Tickers | Keywords/Themes | Theme Commentary | Pitches | Letter |
|---|---|---|---|---|---|---|---|---|---|
| 2025 Q3 | Oct 9, 2025 | Kingdom Capital Advisors | 20.8% | 7.9% | AIV, AKA, FGF, GCO, HRBR, MAGN, NLOP, UNFI, UNTC, VNTRF, WW | cybersecurity, Liquidations, real estate, small caps, special situations, tariffs, value | The fund focuses on overlooked companies trading at significant discounts to intrinsic value. Traditional holdings trade at about 10x estimated forward earnings versus 30x trailing twelve months earnings, with most trading below book value and less than 10x estimated cash flow. | AKA US MAGN US WW US GCO US AIV US UNFI US |
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| 2022 Q3 | Oct 20, 2022 | Cedar Creek Partners | -0.1% | 4.8% | BFCC, BMTX, CZBS, FSWA, HRBR, MFBP, PDRX, RBCN, ROYTL | - | View | ||
| 2022 Q3 | Oct 10, 2022 | Alluvial Capital Management | 4.8% | 15.7% | BFC, CBOBA, GTX, HRBR, JOB, PX, UBAB, UD IM | - | View | ||
| 2025 Q4 | Jan 7, 2026 | Kingdom Capital Advisors | 8.9% | 17.5% | AIV, AKA, CRSXF, HRBR, MAGN, NLOP, NVRI, SUP, TSSI, UNFI, WW | concentrated, Liquidations, Microcap, special situations, Turnarounds, value | Kingdom Capital focuses on overlooked microcap companies trading at significant discounts to intrinsic value. The portfolio includes businesses like UNFI trading below 4x EV/EBITDA and generating substantial free cash flow, demonstrating the manager's value-oriented approach. The fund specializes in microcap investing with a concentrated, research-intensive approach. Despite significant challenges including bankruptcies and customer losses, the strategy delivered strong returns by exploiting inefficiencies in overlooked areas of the market. 2025 tested the fund's thesis severely with a bankruptcy, major customer losses, and cyber-attacks, yet delivered 17.45% net returns. The manager emphasizes that edge comes from exploiting inefficiency rather than avoiding adversity, demonstrating portfolio resilience through active management. | View | |
| 2022 Q2 | Jul 28, 2022 | Cedar Creek Partners | -0.1% | 4.8% | BMTX, HRBR, NNUP, ROYTL, WCRS | - | View | ||
| 2023 Q4 | Jan 23, 2024 | Cedar Creek Partners | -0.1% | 4.8% | CZBS, HRBR, IQV, PCHM, PDRX, PROM, ROYTL, SKAS, SODI, UBAB, UNTC | Banking, Concentration, Microcap, OTC, undervalued, value | Fund holdings trading at 7.9 times forward earnings and 6.4 times earnings net of cash, with weighted price to book of 1.7. Manager emphasizes purchasing undervalued securities at attractive multiples with strong balance sheets and cash positions. | SKAS UBAB CZBS PDRX SODI PROM |
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| Date | Pitch Type | Author | Company | Industry | Sub Industry | Bull / Bear | Stock Exchange | Keywords | Action |
|---|---|---|---|---|---|---|---|---|---|
| Apr 23, 2026 | Fund Letters | Cedar Creek Partners | Harbor Diversified | Airlines | Airlines | Bull | Dubai Financial Market | Air Wisconsin, Asset Sale, capital return, cash-rich, Expert Market, holding company, liquidation value, strategic alternatives | View Pitch |
| Apr 20, 2026 | Seeking Alpha | Seeking Alpha | Harbor Diversified | Industrials | Airlines | Bull | Acquisitions, Air Wisconsin, capital returns, cash reserves, Financial Reporting, Harbor Diversified, shareholder value, strategic alternatives, undervaluation, upside potential | View Pitch |
| Manager Name | Fund Name | Fund AUM | Invested Value | Portfolio Weight | Shares Owned | Shares Bought / Sold During Quarter | % Bought / Sold During Quarter | % of Shares Outstanding Owned |
|---|---|---|---|---|---|---|---|---|
| No investor data available. | ||||||||