Long3661.TSep 2026
M-up Holdings
M-up is the dominant Japanese fan-club operator, combining fan clubs with e-ticketing and e-commerce in a two-sided marketplace serving artists and fans. Revenue has compounded…
Smoak Capital, LP / Smoak Capital Management, LLC
Concentrated long-term global small- and micro-cap value investing focused on asymmetric risk/reward opportunities and minimizing permanent capital loss.$39M AUM3 published ideas
Smoak Capital, LP is a private fund managed by Smoak Capital Management, LLC. The strategy concentrates in small- and micro-cap public equities where the manager believes market inefficiencies create unusually attractive risk/reward opportunities. The portfolio is fundamental, concentrated and global, with the current letter emphasizing undervalued companies in Japan and South Korea.
Ideas from Smoak Capital, LP / Smoak Capital Management, LLC
Long041830Sep 2026
InBody
InBody is a category creator and global leader in body-composition measurement devices, with the US and Europe becoming its largest markets after years of geographic expansion…
LongBBWSep 2026
Azeus Systems Holdings Limited
Azeus has been pressured by broad fears that AI will disrupt software and by an unexpected reduction in its large Hong Kong government CERKS contract. The manager argues that its…
Letters covered
- 2026 Mid-Year Letter to InvestorsSeptember 2, 2026
Source PDFs are not republished here; only extracted ideas and quotes.