Alluvial Capital Management’s Q1 2022 Investor Letter

Alluvial Capital Management, an investment management firm, published its first-quarter 2022 investor letter – a copy of which can be downloaded here. For the first quarter of 2022, Alluvial Fund fell 7.3%, slightly better than relevant benchmarks. Coming off an excellent year, the market’s mood has taken a turn for the dour. The wind has come out of tech stocks, US consumers are feeling the pinch of inflation despite excellent employment trends, interest rates are on the rise, and Europe has been rocked by Putin’s brutal and indefensible invasion of Ukraine. The bad news is not hard to find. However, investor pessimism is what winds up creating opportunities. Alluvial Fund is full of just such opportunities, and they spend every day looking for more. Try to spend some time taking a look at the fund’s top 5 holdings to be informed about their best picks for 2022.