Alluvial Fund 2Q20 Commentary: Top Microcap Value Positions

Jacob Wolinsky

Published onJuly 27, 2020

Alluvial Fund commentary for the second quarter ended June 30, 2020.

Table of Contents

Q2 2020 hedge fund letters, conferences and more

Alluvial Fund rose 14.8% in the second quarter, recouping most of the first quarter’s losses. As I write in late July, the fund has reached approximately break-even for the year while small-cap and micro-cap indexes remain down by double digit percentages, with “value” indexes faring significantly worse. While break-even is certainly not an exciting result, I am happy to have succeeded in preserving our capital amidst a thoroughly dispiriting environment for investors in small companies and less liquid securities..

Most of our portfolio holdings are showing strong resilience in the face of the economic slowdown. Those that have been stung by...

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Jacob Wolinsky

Jacob Wolinsky is the ex-Founder of Valuewalk.com (founded 2011, sold 2023). He is founder of HedgeFundAlpha (formerly ValueWalk Premium), a hedge fund focused intelligence service for institutional investors. Prior to founding Valuewalk, Jacob worked as an equity analyst covering small caps, a micro-cap analyst, doing member development a large hedge fund community and freelance financial writing. Jacob lives with his wife and five kids in Passaic NJ. - Email: jacob(at)hedgefundalpha.com. For confidential inquires email me for my Signal id. Other methods of secure communication are also available. FD: I almost exclusively avoid the purchase of equities to avoid conflict of interest and any insider information. I only purchase broad-based ETFs and mutual funds. I will disclsoe if I have a stake in any company, but in general avoid

Alluvial Fund 2Q20 Commentary: Top Microcap Value Positions

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