Alluvial Capital Management’s Q1 2026 Investor Letter

Alluvial Capital Management, an investment advisory firm, released its first-quarter 2026 investor letter. The Fund delivered 3.0% in the first quarter of 2026, marking a solid start against flattish benchmarks. The outbreak of the war impacted the returns in the quarter. The portfolio prefers stable businesses with predictable cash flows, like staple foods, cleaning products, and communications, which offer protection when the economy weakens. Markets have rebounded since the end of the quarter, de-escalation and increased hopes for peace and normalizing energy flows, resulting in the small-cap Russell 2000 Index being up 11% so far in April. Please review the Fund’s top five holdings to gain insights into their key selections for 2026.

A copy of Alluvial Capital Management’s Q1 2026 investor letter is available to download here.

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