“The single greatest edge an investor can have is a long-term orientation.” – Seth Klarman

The investor letters outline the fund's top holdings, as well as, highlight a recent investment or a current holding. In addition to our letters, we also publish reports, providing detailed analysis on select companies and the thought process behind these specific investments. To learn more — connect with us.

NRC Presentation 10/3/18

NRC Presentation 10/3/18

NRC Group Analysis 10/1/18

NRC Group Analysis 10/1/18

Limbach Analysis 9/28/18

Limbach Analysis 9/28/18

IEA Analysis 8/31/18

IEA Analysis 8/31/18

Limbach Analysis 8/30/16

Limbach Analysis 8/30/16

Daseke Analysis 8/29/18

Daseke Analysis 8/29/18

ValueWalk Interview

ValueWalk Interview

IEA Presentation 4/9/18

IEA Presentation 4/9/18

IEA Analysis 4/5/18

IEA Analysis 4/5/18

Lazydays Presentation 12/29/17

Lazydays Presentation 12/29/17

Lazydays (pg. 36) Contest winner

Lazydays (pg. 36) Contest winner

Daseke Analysis 3/16/17

Daseke Analysis 3/16/17

Gores Holdings Analysis 8/15/16

Gores Holdings Analysis 8/15/16

Limbach Analysis 8/2/16

Limbach Analysis 8/2/16

Code Rebel Analysis 7/30/15

Code Rebel Analysis 7/30/15

Magnatek Analysis 6/29/15

Magnatek Analysis 6/29/15

Fairchild Analysis 3/3/15

Fairchild Analysis 3/3/15

Vectrus Analysis 1/30/15

Vectrus Analysis 1/30/15

Pointer Analysis 1/30/15

Pointer Analysis 1/30/15