Alluvial Fund, LP’s commentary for the month ended February 28, 2026.
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Dear Partners and Colleagues,
Alluvial Fund, LP returned 3.5% in February, compared to 0.8% for the Russell 2000 and 3.8% for the MSCI World Small+MicroCap. Year-to-date, Alluvial Fund, LP has returned 7.6%, compared to 6.2% for the Russell 2000 and 9.7% for the MSCI World Small+MicroCap. Since inception, Alluvial Fund, LP has returned 306.8% compared to 118.9% for the Russell 2000 and 138.6% 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 February tearsheet may be accessed using the following link:
Alluvial Fund, LP – February 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
(412) 368-2321
Performance figures are net of all fees and expenses including partnership operating expenses, management fees, and performance incentive fees. Net performance figures presented are for a typical limited partner assuming an investment made on the inception date of the fund, January 1, 2017. Limited partners’ returns may vary depending on individual investment dates and agreements. Please see tearsheet disclosures. This communication does not constitute an offer or recommendation to invest in any security.
