GrizzlyRock Value Partners gained 5.91% net for the third quarter, bringing its year-to-date return to -1.87% net. The fund's long book returned 10.1% net, while its short book lost 4.2% net. Compared to the Russell 2000, GrizzlyRock's long portfolio delivered alpha of 1.8% for the third quarter, while the short book delivered -0.1% net alpha (full returns at bottom of the article)
GrizzlyRock Capital's 13F and Q3 Letter
In his third-quarter letter to investors, which was obtained by Hedge Fund Alpha, Kyle Mowery said the main drivers of their performance on the long side included Pathward Financial, Calumet Specialty Products and Cogent Communications. Magnite grew organically into a top-three position.
The fund's three biggest positions at the end of the third quarter were
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