Alluvial Capital Management’s Q4 2020 Investor Letter

Alluvial Capital Management, LLC, an investment management firm, published its fourth-quarter 2020 Investor Letter – a copy of which can be downloaded here. A return of 28.4% was recorded by the fund for the year end 2020, outperforming the Russell MicroCap TR that returned 21%, its Russell 2000 benchmark that delivered a 20%. return, and its MSCI World Sm+MicroCap NR index with 16%. You can view the fund’s top 5 holdings to have a peek at their top bets for 2021.