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PORTFOLIO
One asset class. A handful of convictions. Nothing else.
We hold public equities directly — no leverage, no derivatives, no exposure we cannot explain in a single sentence. Concentration is not a risk we tolerate; it is a discipline we choose.
Public holdings are not disclosed publicly; allocation details are shared with qualified investors upon request. Alongside these positions, we also own and operate select companies outright — listed below.
HOLDINGS
Wholly-owned
Ophir Trade LLC
An operating trading company within the Alphanumeric group, home to the Tarshish, Enadornment, Vitolar, and Pelimo brands.
SELECTED THEMES
Compounding Machines
Businesses that reinvest at high returns, decade after decade. We buy them rarely and sell them more rarely still.
Mispriced Simplicity
Companies the market finds boring. Boredom, priced correctly, is a gift.
Patient Capital
Positions sized to be held through drawdowns, not traded around them. Time is the only edge that does not decay.