Voss Capital’s Q1 2025 Investor Letter

Voss Capital, LLC, an investment management company, released its first-quarter 2025 investor letter. Voss Capital’s funds, Voss Value Fund, LP, and the Voss Value Offshore Fund, Ltd both returned -7.3% to investors net of fees and expenses respectively, in the first quarter compared to a -9.5% return for the Russell 2000 Index, -7.7% return for the Russell 2000 Value Index, and -4.3% return for the S&P 500 Index. The Voss Value Master Fund’s total gross exposure stood at 162.1% and the net long exposure was 70.4% as of March 31st, 2025. The weight of the fund’s top 10 longs was...