Should You Hold Innovative Food Holdings (IVFH)?

Greystone Capital Management, an investment management company, released its third-quarter 2025 investor letter. A copy of the letter can be downloaded here. In the third quarter, the median account return for separate accounts managed by the firm was -3.6%, net of fees. The fund unfavorably compared to the S&P 500 and Russell 2000 returns of +8.1% and +12.4% during the quarter. The median account returned +1.6%, net of fees, year-to-date. The fund’s returns typically differ from index returns because its portfolios are invested in a concentrated manner, focusing on small companies outside the indexes. In addition, you can check the fund’s top 5 holdings to find out its best picks for 2025.

In its third-quarter 2025 investor letter, Greystone Capital Management highlighted stocks such as Innovative Food Holdings, Inc. (OTC:IVFH). Innovative Food Holdings, Inc. (OTC:IVFH) is a specialty food and food-related products distributor. The one-month return of Innovative Food Holdings, Inc. (OTC:IVFH) was -20.77%, and its shares lost 81.68% of their value over the last 52 weeks. On December 04, 2025, Innovative Food Holdings, Inc. (OTC:IVFH) stock closed at $0.348 per share, with a market capitalization of $19.065 million.

Greystone Capital Management stated the following regarding Innovative Food Holdings, Inc. (OTC:IVFH) in its third quarter 2025 investor letter:

“We started this year with Innovative Food Holdings, Inc. (OTC:IVFH) as a top five position, and with the benefit of hindsight, should have taken more profits above $2.00/share as the valuation became quite stretched. We have officially round tripped most of our investment, which has disappointed both from a business perspective and share price perspective. Like Sylogist, I believe there is a fairly easy path to a positive outcome within the next few quarters. The Board agrees, and during the quarter, instituted a management change, which should prove a net positive, as IVFH will now redirect resources to their core specialty food business. If management’s efforts in this area return stability and/or growth to the drop-ship business, historically a 20% grower, there is significant upside to today’s price.”

In addition, please check out our hedge fund investor letters Q3 2025 page for more investor letters from hedge funds and other leading investors.

READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money.

Disclosure: None. This article is originally published at Insider Monkey.