MarineMax (HZO): Ace River Exit Driven by Opportunity Cost, Not Fundamentals
Ace River Capital, an investment management company, released its second-quarter 2026 investor letter. A copy of the letter can be downloaded here.
| No. | Hedge Fund | Shares | Value | Activity | % Port |
|---|---|---|---|---|---|
| 1. | Levin Capital Strategies John A. Levin | 428,047 | $15,675,081 | -30% | 1.05% |
| 2. | First Eagle Investment Management Jean-Marie Eveillard | 378,452 | $13,858,912 | +13% | 0.02% |
| 3. | Prescott Group Capital Management Phil Frohlich | 222,490 | $8,147,584 | 0.7% |
| Insider | Price | Amount | Total Value | Remaining Holdings | Date | Form 4 |
|---|---|---|---|---|---|---|
| $23.37 | 1,000 | $23,370.00 | 2,000 | 2025-03-11 | Filing | |
| $26.50 | 1,000 | $26,500.00 | 1,000 | 2025-02-24 | Filing | |
| $14.15 | 1,000 | $14,150.00 | 60,267 | 2017-07-24 | Filing | |
| $22.00 | 1,000 | $22,000.00 | 45,821 | 2015-04-29 | Filing | |
| $16.20 | 1,500 | $24,300.00 | 1,500 | 2014-05-05 | Filing |
| Insider | Price | Amount | Total Value | Remaining Holdings | Date | Form 4 |
|---|---|---|---|---|---|---|
| $28.17 | 600 | $16,902.00 | 173,038 | 2025-08-25 | Filing | |
| $27.52 | 59,400 | $1,634,688.00 | 173,638 | 2025-08-25 | Filing | |
| $30.63 | 4,100 | $125,583.00 | 23,560 | 2025-01-27 | Filing | |
| $31.06 | 4,000 | $124,240.00 | 11,451 | 2025-01-27 | Filing | |
| $32.08 | 12,500 | $401,000.00 | 67,114 | 2024-11-07 | Filing |
| No. | Name | Shares | Value | % Port |
|---|---|---|---|---|
| 1. | 3,178,923 | $116,412,161 | 0% | |
| 2. | 958,459 | $35,098,769 | 0% | |
| 3. | 221,470 | $8,110,231 | 4.94% | |
| 4. | 211,480 | $7,744,398 | 1.49% | |
| 5. | 123,846 | $4,535,241 | 0% |