Investor Letters

Letters through March 31, 2020

1 letter reporting on the period ending March 31, 2020, in each firm's own reckoning.

Greenhaven Road Capital Q1 2020 Greenhaven Road Capital retained SharpSpring, Digital Turbine and PAR Technology despite pandemic-driven pressure, arguing that their balance sheets, management teams and competitive positions could strengthen through the disruption. The portfolio added smaller positions in Uber, Roku, Pinterest and Carvana while emphasizing liquidity, durable business models and selective opportunities created by market panic. Q1 APPS $1.3BCSSE delistedKKR $96BKLR delisted