Alluvial Fund's performance update for the month ended April 30, 2025.
Dear Partners and Colleagues,
Alluvial Fund, LP returned 2.3% in April, compared to -2.3% for the Russell 2000 and 0.9% for the MSCI World Small+MicroCap. Year-to-date, Alluvial Fund, LP has returned 9.0%, compared to -11.6% for the Russell 2000 and -2.7% for the MSCI World Small+MicroCap. Since inception, Alluvial Fund, LP has returned 191.9% compared to 61.5% for the Russell 2000 and 75.3% for the MSCI World Small+MicroCap.
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Top Contributors
- FitLife Brands Inc.
- Zegona Communications plc.
- McBride plc.
- Monarch Cement Co.
- Talen Energy Corp.
Top Detractors
- EACO Corp.
- CBL & Associates Properties, Inc.
- Net Lease Office Properties
- Peakstone Realty Trust
- United Bancorporation of Alabama, Inc.
Alluvial Fund, LP is a value investing partnership with a focus on small companies and obscure securities, both domestic and international. The full April tearsheet may be accessed using the following link: Alluvial Fund, LP - April Update
Please contact Alluvial Capital Management, LLC at (412) 368-2321 or [email protected] with any questions.
Regards,
Dave Waters, CFA
Alluvial Capital Management, LLC
