Letters by company
Farmland Partners Inc.
3 letters discussing FPI. Everything written about it on this site is on its ticker page.
- Palm Valley Capital First Quarter 2026 Commentary Palm Valley Capital Fund held 77% of assets in Treasury-bill-heavy cash equivalents while finding valuation discounts across staffing, food, software, medical devices and used car parts. It bought Rayonier and trimmed Chord Energy, Heartland Express and Farmland Partners as they neared estimated value. The fund argues that AI disruption is being overstated in several holdings, particularly Amdocs and staffing firms. First Quarter 2026 CHRD $7.5BDOX $6.1BFLO $1.2B
- Palm Valley Capital Great Expectations Palm Valley Capital Fund added Kelly Services, Seaboard and Heartland Express as wider discounts to estimated value justified raising equity exposure from a cash-heavy posture. The fund sold Crawford & Co. and Helen of Troy, while arguing that speculative asset prices and elevated small-cap valuations warrant discipline despite improving prospects for selected cyclical businesses. Fourth Quarter 2024 CRI $1.2BFPI $452MHTLD $868M
- Palm Valley Capital Fourth Quarter 2025 Commentary Palm Valley Capital Fund added Domino’s Pizza Group, Utz Brands and Ingredion, increased Flowers Foods and Farmland Partners, and exited its Sprott Physical Silver Trust position. The managers argue that tax-loss selling and index rebalancing have created selective small-cap opportunities, while maintaining a cautious stance on inflation, valuations and speculative markets. Fourth Quarter 2025 DPUKY $1.2BFLO $1.2BFORR $217M
