Alluvial Fund’s commentary for the month ended May 31, 2026.
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Dear Partners and Colleagues,
Alluvial Fund, LP returned 2.8% in May, compared to 4.4% for the Russell 2000 and 3.8% for the MSCI World Small+MicroCap. Year-to-date, Alluvial Fund, LP has returned 10.4%, compared to 18.2% for the Russell 2000 and 14.5% for the MSCI World Small+MicroCap. Since inception, Alluvial Fund, LP has returned 317.6% compared to 143.5% for the Russell 2000 and 149.0% for the MSCI World Small+MicroCap.
Alluvial Fund, LP is a value investing partnership with a focus on small companies and obscure securities, both domestic and international. The full May tearsheet may be accessed here.
Please contact Alluvial Capital Management, LLC at (412) 368-2321 or [email protected] with any questions.
Regards,
Dave Waters, CFA
Alluvial Capital Management, LLC
(412) 368-2321
alluvial.capital
