alluvialfund
Alluvial Fund commentary for the second quarter ended June 30, 2021, discussing their new investment in Copper Property CTL Pass Through Trust (OTCMKTS:CPPTL). Dear Partners, Alluvial Fund declined 9.9% in the second quarter and is down 16.5% year-to-date. By contrast, the Russell Microcap Index lost 19.0% this quarter and has fallen 25.1% in 2022. It’s ugly out there. At the halfway point of the year, global stock markets have recorded one of their worst performances in modern market history. Fortunately for us and in keeping with the historical pattern, Alluvial Fund has managed to avoid a p...
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Alluvial Fund commentary for the fourth quarter ended December 31, 2021. Q4 2021 hedge fund letters, conferences and more Dear Partners, Alluvial Fund closed out an excellent year on a quiet note, returning 0.5% in the fourth quarter. For the full year, Alluvial Fund rose 31.0%, nearly double the returns of benchmarks. 2021 was the finest year in Alluvial Fund’s history, the first in which our net return to limited partners exceeded 30%. This new year also marks a milestone for the fund: five full years of operations! This milestone leads me to contemplate both the fund’s history and its futur...
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Alluvial Fund commentary for the third quarter ended September 2021, discussing the IPO of P10 Holdings Inc (NYSE:PX). Q3 2021 hedge fund letters, conferences and more Dear Partners, Alluvial Fund PerformanceI am happy to report Alluvial Fund enjoyed another strong quarter, up 8.5% as small-cap and micro-cap stock indexes struggled. To date, it has been a very good year for our enterprise. It feels good to see the market validate the thought and effort that has gone into building our very unusual portfolio. Much more commonly, the market treats our holdings with a disinterest bordering on disd...
ValueWalk
Alluvial Capital Management commentary for the second quarter ended June 30, 2021. Q2 2021 hedge fund letters, conferences and more Dear Partners, Alluvial Fund, LP continues to enjoy a good year, returning 7.0% in the second quarter. Returns for the quarter, year-to-date, and since inception periods comfortably exceed all relevant benchmarks. Since the quarter’s end, markets have re-discovered the concept of risk, with indexes declining high single digit percentages before staging a partial recovery. Turns out, the economy is complex and a rapid return to pre-pandemic conditions is not guaran...
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Alluvial Fund commentary for the first quarter ended March 31, 2021. Q1 2021 hedge fund letters, conferences and more Dear Partners, I am pleased to report the year is off to a good start. For the quarter, Alluvial Fund rose 12.4%, in line with relevant benchmarks. We reached an important milestone at the end of March: a 100% cumulative return since inception. Thank you for the opportunity to manage capital on your behalf. Alluvial Fund's Portfolio HoldingsConsistent with the fund’s history, our holdings hew strongly toward tiny producers of steady cash flow with modest or no financial leverag...
ValueWalk
Alluvial Fund commentary for the fourth quarter ended December 31, 2020, discussing P10 Holdings, Nuvera, Communications, LICT Corporation and Crawford United. Q4 2020 hedge fund letters, conferences and more Dear Partners, It was a good ending to a good year. The fund returned 18.1% in the fourth quarter, bringing our full-year return to 28.4%. Since inception, Alluvial Fund has delivered annualized returns of 15.7%. As a fellow investor, I am pleased with these results, but I believe the best times for Alluvial Fund are still ahead. US markets have enjoyed a meteoric rise since late October,...
ValueWalk
Alluvial Fund commentary for the third quarter ended September 2020, dicussing the largest contributor to their portfolio, P10 Holdings Inc.Q3 2020 hedge fund letters, conferences and moreDear Partners,I am pleased to report that Alluvial Fund enjoyed a very strong quarter, rising 15.1% and outpacing all relevant benchmarks. The fund has recovered all of its 2020 losses and is now in solidly positive territory. The fund remains solidly ahead of small-cap and micro-cap domestic and global benchmarks since inception. To say I did not expect this rapid recovery is putting it mildly. The outlook w...
ValueWalk
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