Grizzly Rock is posturing strong returns with a concentrated portfolio

GrizzlyRock Value Partners returned 10.2% for the second quarter, bringing its year-to-date return to 28.28% net. The S&P 500 was up 8.17% for the quarter, while the Russell 2000 returned only 4.05%. Compared to the Russell 2000, GrizzlyRock's long portfolio delivered alpha of 10.8%, although that was reduced by the short alpha of -0.6%.

Q2 2021 hedge fund letters, conferences and more

GrizzlyRock Capital follows a long/ short equity strategy driven by value-oriented fundamental research and a focus on small- and mid-cap stocks. In his second-quarter letter to investors, which was reviewed by ValueWalk, Kyle Mowery said two core long positions and one event-driven long position drove...