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| Quarter | Letter Date | Fund Name | QTD | YTD | Tickers | Keywords/Themes | Theme Commentary | Pitches | Letter |
|---|---|---|---|---|---|---|---|---|---|
| 2025 Q2 | Aug 28, 2025 | River Oaks Capital | - | 0.9% | BILD CN, IVFH | Balance Sheets, Capital Allocation, downside protection, earnings durability, Quality | The letter emphasizes owning high-quality businesses with durable competitive advantages amid heightened macro and political uncertainty. Management argues that earnings resilience, strong balance sheets, and prudent capital allocation matter more than short-term economic forecasts. The strategy favors patience and downside protection as markets oscillate between optimism and fear. | IVFH BILD CN |
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| 2024 Q1 | May 18, 2024 | Greystone Capital | 8.0% | 16.0% | IVFH, NNBR | - | View | ||
| Q4 2025 | Mar 1, 2026 | River Oaks Capital | - | 1.8% | ACNT, BFCC, BILD.TO, BOC, CRMT, CZBS, DR.TO, FTLF, GFP, HAYPP, IVFH, OMCC, RRR.UN, RWAY, SRBK, TRUX | Banking, Buybacks, Consolidation, Flooring, small cap, Specialty Chemicals, undervalued, value | River Oaks Capital focuses exclusively on small, underfollowed public companies with market caps typically under $500M. The manager believes these companies are increasingly ignored and undervalued, creating opportunities to buy wonderful businesses at extremely discounted valuations. The fund employs a value investing approach, seeking companies trading at significant discounts to fair value - often 50 cents on the dollar or less. The manager emphasizes buying wonderful businesses with strong fundamentals at excessive discounts. Share buybacks are a central theme, with the manager actively encouraging portfolio companies to repurchase shares aggressively using free cash flow, balance sheet cash, and proceeds from asset sales. This strategy allows adequate compensation until companies become properly valued. Ascent Industries represents a significant position focused on specialty chemical manufacturing. The company is transforming into a 'Chemicals-as-a-Service' model, providing customized solutions for small to mid-size customers neglected by larger players. BuildDirect operates as a physical and online professional flooring company with a long-term plan to consolidate the professional flooring industry through acquiring 75+ professional flooring centers across the U.S. | View | |
| 2024 Q4 | Feb 10, 2025 | River Oaks Capital | - | 23.9% | BFCC, BOC, CRMT, CZBS, DR CN, FTLF, IVFH, RRR-U CN, TRUX | - | View | ||
| 2025 Q3 | Oct 30, 2025 | Greystone Capital | -3.6% | 1.6% | IVFH, SYZ CN | fundamentals, Market Rotation, Quality, small caps, Value Investing | The manager attributed weak quarterly results to volatility in small-cap holdings like Sylogist and Innovative Food Holdings, noting that declines were driven by sentiment rather than fundamentals. The letter criticized market speculation in non-profitable small caps and overvalued quality megacaps, reiterating commitment to high-conviction, undervalued companies with strong cash generation. Management believes this disciplined, bottom-up approach positions the fund for long-term outperformance once speculative excess unwinds. | IVFH SYZLF CN IVFH SYZLF CN |
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| 2024 Q4 | Jan 20, 2025 | Greystone Capital | 0.5% | 19.2% | BELFB, DESP, IVFH, LMB, NRP, SYZ CN | - | View |
| Date | Pitch Type | Author | Company | Industry | Sub Industry | Bull / Bear | Stock Exchange | Keywords | Action |
|---|---|---|---|---|---|---|---|---|---|
| Jan 8, 2026 | Fund Letters | Whit Huguley | Innovative Food Holdings, Inc. | Consumer Staples | Food Distributors | Bull | OTCQB | Distribution, efficiency, microcap, Specialty-Foods, turnaround | View Pitch |
| Nov 29, 2025 | Fund Letters | Adam Wilk | Innovative Food Holdings | Consumer Staples | Specialty Distribution | Bull | NASDAQ | Distribution, Food, growth, management, restructuring, specialty, turnaround | View Pitch |
| Nov 29, 2025 | Fund Letters | Adam Wilk | Innovative Food Holdings | Consumer Staples | Specialty Distribution | Bull | NASDAQ | Distribution, Food, growth, management, restructuring, specialty, turnaround | 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. | ||||||||