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| Quarter | Letter Date | Fund Name | QTD | YTD | Tickers | Keywords/Themes | Theme Commentary | Pitches | Letter |
|---|---|---|---|---|---|---|---|---|---|
| 2025 Q2 | Aug 7, 2025 | Ace River Capital | -5.3% | - | HZO, RICK, VOXR CN | drawdowns, mispricing, opportunity, Patience, volatility | The letter discusses how episodic market volatility driven by macro uncertainty and policy shocks creates opportunities to deploy capital into mispriced securities. Management emphasizes remaining patient during drawdowns and selectively adding risk when fear dominates market behavior. The outlook suggests volatility is a feature of markets rather than a bug and can be harnessed by disciplined investors. | HZO VOXR RICK |
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| 2024 Q2 | Aug 1, 2024 | Tourlite Capital Management | 4.5% | 13.8% | FIP, FTAI, LTCH, OABI, PRPL, RICK | - | View | ||
| 2025 Q1 | May 6, 2025 | Ace River Capital | -14.4% | -14.4% | RICK, VOXR | - | View | ||
| 2024 Q1 | May 3, 2024 | Ace River Capital | 2.0% | 0.0% | DSHK, RICK, VOXR | - | View | ||
| 2024 Q1 | Apr 15, 2024 | Bireme Capital | -2.0% | -2.0% | AAPL, FOXA, HUM, RICK | - | View | ||
| 2025 Q3 | Oct 31, 2025 | Bireme Capital | - | - | AAPL, FOXA, HUM, RICK | fundamentals, Marginofsafety, mispricing, Patience, value | The manager stresses deep value investing focused on misunderstood or neglected assets. Market inefficiencies and behavioral biases create opportunities for patient capital. Downside protection and margin of safety are emphasized over timing market sentiment. | View | |
| 2024 Q3 | Oct 23, 2024 | Ace River Capital | 2.0% | 0.0% | DSHK, HZO, RICK, VOXR | - | View | ||
| 2023 Q3 | Oct 13, 2023 | Ace River Capital | 2.0% | 0.0% | DSHK, HZO, RICK | - | View | ||
| 2025 Q4 | Jan 30, 2026 | Ace River Capital | -4.6% | -22.0% | DSHK, GLFE, HZO, RICK, VOXR | Concentration, gold, real estate, royalties, small caps, value | Gold prices continue to reach record highs, driven by inflation concerns, geopolitical instability, and inconsistent trade and fiscal policy. Vox Royalty's royalty-based business model provides leveraged exposure to these trends while avoiding the capital intensity and operational risks faced by traditional mining companies. Markets continue to reward a narrow group of large-cap technology companies, while small-caps remain broadly ignored. History suggests these periods of dislocation tend to create some of the best long-term opportunities. | DSHK GLFE HZO RICK VOXR |
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| 2023 Q2 | Sep 7, 2023 | Ace River Capital | 2.0% | 0.0% | DSHK, RICK | - | View | ||
| 2023 Q4 | Sep 1, 2024 | Ace River Capital | 2.0% | 0.0% | RICK, VOXR | - | View | ||
| 2023 Q2 | Jul 30, 2023 | Greystone Capital | 8.0% | 16.0% | APG, B4F GR, CURN, LMB, RICK, SYZ CN | - | View | ||
| 2024 Q2 | Jul 15, 2024 | Ace River Capital | 2.0% | 0.0% | HZO, RICK, VOXR | - | View | ||
| 2022 Q4 | May 2, 2023 | Greystone Capital | 8.0% | 16.0% | APG, BSFFF, EDR SM, GFF, IDT, POL, RICK | - | View | ||
| 2023 Q1 | Mar 31, 2023 | Ace River Capital | 2.0% | 0.0% | HZO, RICK | - | View | ||
| 2022 Q4 | Feb 21, 2022 | Bireme Capital | -2.0% | -2.0% | BOL FP, NFLX, NKLA, OSTK, RICK, TSLA, TWTR | - | View | ||
| 2023 Q4 | Jan 31, 2024 | Bireme Capital | -2.0% | -2.0% | AAPL, AI, ARM, BATS LN, CLX, ORI, RICK, TR | - | View | ||
| 2024 Q4 | Jan 25, 2025 | Ace River Capital | 8.8% | -14.5% | HZO, RICK, VOXR | - | View | ||
| 2023 Q4 | Jan 23, 2024 | 1 Main Capital | 4.0% | 11.3% | DNTL, IWG, LMB, RICK | - | View | ||
| 2022 Q4 | Jan 3, 2023 | Deep Sail Capital Partners | 13.8% | 23.5% | AEP CN, LEAT, RICK | - | View |
| Date | Pitch Type | Author | Company | Industry | Sub Industry | Bull / Bear | Stock Exchange | Keywords | Action |
|---|---|---|---|---|---|---|---|---|---|
| Feb 4, 2026 | Fund Letters | Nicholas D’Agnillo | RCI Hospitality Holdings Inc. | Consumer Discretionary | Leisure Facilities | Bull | NASDAQ | Asset Coverage, buybacks, cash flow, Governance, Real Estate | View Pitch |
| Dec 3, 2025 | Fund Letters | Nicholas D’Agnillo | RCI Hospitality Holdings, Inc. | Consumer Discretionary | Restaurants | Bull | NASDAQ | cashflow, consolidation, Monopolies, Reinvestment, valuation | View Pitch |
| Sep 16, 2025 | Short Thesis | Bear Cave | RCI Hospitality Holdings Inc | Consumer Discretionary | Restaurants (Adult Entertainment & Nightlife) | Bear | NASDAQ | Adult, Governance, Licensing, Nightclubs, Roll-up | 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. | ||||||||