Investor Letters

Letters through March 31, 2019

1 letter reporting on the period ending March 31, 2019, in each firm's own reckoning.

Greenhaven Road Capital Q1 2019 Greenhaven Road Capital built positions in PAR Technology and Digital Turbine, arguing that overlooked software and app-installation businesses can monetize recurring revenue more effectively under improved management and distribution. The fund added to SharpSpring, replaced Fiat Chrysler shares with long-dated options, and backed Chicken Soup for the Soul Entertainment’s Crackle venture. Q1 2019 APPS $1.3BPAR $804MBOX $4.6BCSSE delisted