Join for free and get access to the buyside
Get insights from the world's most influential hedge fund investors direct to your inbox
- © 2025 Buyside Digest
- Privacy Policy
- Disclaimer
- Sitemap
- Terms of Service
| Quarter | Letter Date | Fund Name | QTD | YTD | Tickers | Keywords/Themes | Theme Commentary | Pitches | Letter |
|---|---|---|---|---|---|---|---|---|---|
| 2024 Q3 | Oct 29, 2024 | Alluvial Capital Management | 4.8% | 15.7% | BAHN.ST, CRAWA, FTLF, MCB.L, MRC, RWWI, TLN, UNID.MI, ZEG.L | Commercial real estate, Europe, international, small caps, Turnarounds, value | Manager believes commercial real estate isn't dead despite market pessimism. While future office demand may be permanently lower due to technological and demographic changes, the market is overreacting to the pace of change. Marginal buildings will be demolished or repurposed, lease rates will decline, markets will stabilize, and buildings will become financeable again. | BAHN.ST ZEG.L |
View |
| 2024 Q2 | Jul 24, 2024 | Alluvial Capital Management | 4.8% | 15.7% | CRAWA, FLFB, GTX, MCB.L, MRC, RWWI, SCCO, SENEA, SXP.TO, TLN, UBNC | Community Banks, Micro Cap, real estate, small caps, special situations, Turnarounds, value | Manager discusses the prolonged underperformance of small-cap stocks versus large-cap peers, noting small-caps have delivered total returns nearly 50% behind the S&P 500 over the last 5 years. He draws historical parallels to 1995-1999 when large-caps crushed small-caps, followed by small-cap outperformance from 2000-2004. The manager suggests questioning consensus when investors exclaim Why invest in anything else about an asset class. | SXP.TO SENEA UBNC TLN MCB.L NLOP |
View |
| 2023 Q2 | Jul 15, 2023 | Alluvial Capital Management | 4.8% | 15.7% | CRAWA, EACO, FTLF, HPS.TO, LGT.TO, PREQ, PX, RWWI, SXP.TO, UNI.MI | Canada, industrials, infrastructure, Logistics, Microcap, small caps, value | Manager focuses on the smallest and least known profitable companies that are insufficiently researched, finding best opportunities in companies that remain tethered to reality beneath the several dozen companies that dominate financial media attention. The fund specializes in tiny opportunities and maintains this flexibility despite growing to $40 million in assets. | LGT.TO |
View |
| Date | Pitch Type | Author | Company | Industry | Sub Industry | Bull / Bear | Stock Exchange | Keywords | Action |
|---|---|---|---|---|---|---|---|---|---|
| Oct 17, 2025 | Substack | The Mikrokap | Rand Worldwide | Information Technology | Software - Application | Bull | agency model, asset-light, Autodesk reseller, dividend yield, EBIT growth, market consolidation, misunderstood opportunity, Platinum Partner, Rand Worldwide, software distribution | 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. | ||||||||