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 PAR Technology entered the portfolio as management changes, new financing and a payments rollout improved the outlook for its Brink restaurant software business. Digital Turbine was added on the view that carrier relationships and app-install economics can expand, while Fiat Chrysler exposure shifted to long-dated options. Q1 2019 APPS $1.3BPAR $611METSY $6.8B