The letters, interviews and case studies highlight new holdings as well as key drivers of the portfolio returns. They offer a real-time view into our investment philosophy in action and provide the best way to learn about our investment approach. Please read on to learn more.

2023 Q2 Investor Letter

2023 Q1 Investor Letter

2022 Q4 Investor Letter

2022 Q3 Investor Letter

2022 Q2 Investor Letter

2022 Q1 Investor Letter

2021 Q4 Investor Letter

2021 Q3 Investor Letter

2021 Q2 Investor Letter

2021 Q1 Investor Letter

2020 Q4 Investor Letter

2020 Q3 Investor Letter

 

2020 Q2 CEF Investor Letter

2020 Q1 CEF Investor Letter

2018 Q4 CEF Investor Letter

2022 Q4 CROX Case Study

2022 Q1 Farmer Brothers Update

GMS BTIG Presentation

Choice Equities featured in Q2 2021 Hidden Value Stocks

HOME

2019 Q3 HOME Case Study

HVS 2019 June Issue

Value Investor Insight Feb 2019
Value Investor Insight Feb 2019

Lawson
4Q 2017 LAWS_Investment Thesis

Triangle Business Journal 40 under 40 2018 Mitchell Scott
Mitchell Scott named to Triangle Business Journal 40 under 40

2018 Q1 CEF Investor Letter
2018 Q1 CEF Investor Letter
Choice Equities featured in Q2 2018 Hidden Value Stocks
2017 Q4 CEF Investor Letter
2017 Q4 CEF Investor Letter
2016 Q4 Site Case Study
2016 Q4 Site Case Study
2017 Q3 CEF Investor Letter
2017 Q3 CEF Investor Letter
2016 Q3 Building Products Distributor Commentary
2016 Q3 Building Products Distributor Commentary
2017 Q2 CEF Investor Letter
2017 Q2 CEF Investor Letter
 
2017 Q1 CEF Investor Letter
2017 Q1 CEF Investor Letter
 
2016 Q4 CEF Investor Letter
2016 Q4 CEF Investor Letter