Ace River Capital
Our archive holds 4 letters from Ace River Capital, behind 4 investment theses and positions in 3 companies. Every quote below is copied verbatim from the letter it came from.
Ace River Capital’s own letters pageWhat they bought and sold · 2 moves
- ExitedMarineMax, Inc.June 2026
“I exited the MarineMax position during the period.”
Read the letter - AddedVox Royalty Corp.June 2026
“Since initiating a position in Vox Royalty in Q4 2023, it has grown into the Fund's largest holding and my largest investment.”
Read the letter
Companies held · 3
Every company Ace River Capital has disclosed a position in across our archive, with the letter that last mentioned it.
- MarineMax, Inc.Jun 2026
- RCI Hospitality Holdings, Inc.Jun 2026
- Vox Royalty Corp.Jun 2026
Theses · 4
- June 2026
RCI Hospitality Holdings operates with normalized free cash flow, owned real estate, and disciplined capital allocation, and the stock is viewed as undervalued despite litigation overhangs.
Read the full thesis - December 2025
RCI Hospitality Holdings operates licensed real-estate-backed venues and, despite governance issues, maintains cash flow and buybacks while trading below real estate value, presenting an opportunity.
Read the full thesis - December 2025
Vox Royalty Corp. is a royalty-based mining company benefiting from strong gold prices, adding producing royalties, growing cash flow, and serving as a long-term compounder and macro hedge.
Read the full thesis - December 2024
RCI Hospitality’s strong acquisition pipeline and innovative tech platform offer unique growth opportunities in the adult entertainment industry
Read the full thesis
Letter archive · 4
Funds · 2
- Ace River Capital3
- Ace River Capital Partners, L.P.1
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