Focus
Our archive holds 9 letters from Focus, behind 12 investment theses and positions in 1 company. Every quote below is copied verbatim from the letter it came from.
Focus’s own letters pageCompanies held · 1
Every company Focus has disclosed a position in across our archive, with the letter that last mentioned it.
- Silicon MotionJun 2026
Theses · 12
- June 2026
Renhe Commercial Holdings had a unique underground mall model with free land rights, rapid development, recurring lease revenue, and the potential for steady long-term growth.
Read the full thesis Silicon Motion benefits from the AI-driven memory crunch, is taking share in its core memory controller business, and is expanding into new growth areas with Nvidia and data-center products.
Read the full thesis- April 2026
Burford Capital is a litigation finance company whose core portfolio and optionality appear materially undervalued despite the setback in YPF.
Read the full thesis - December 2025
Burford Capital is a global litigation finance firm whose core portfolio economics imply realizations far exceeding its $2 billion market cap, with additional upside from the multibillion-dollar YPF case.
Read the full thesis - December 2025
Valeura Energy is a cash-generative Gulf of Thailand oil producer advancing high-IRR Wassana upgrades, expanding via a low-cost PTTEP farm-in, retaining a free-option Turkey gas JV, and remaining profitable even at lower oil prices.
Read the full thesis - December 2025
Kingsgate is an Australian gold miner centered on the Chatree mine, generating strong cash flow and remaining undervalued versus $200–$250 million annual cash flow and a $1 billion market cap, with exploration and regulatory tailwinds.
Read the full thesis - December 2025
Silicon Motion is a NAND flash controller leader with strong market share gains, a robust Gen5 and UFS lineup, enterprise traction, and investments poised to drive revenue to $1–$2 billion and higher profitability.
Read the full thesis - September 2025
Uber is a compelling investment due to its significant growth potential, strong brand recognition, and favorable valuation despite the long-term threat of autonomous vehicles.
Read the full thesis - March 2025
Valeura is highly profitable even with low oil prices, significantly undervalued relative to its strong cash flow and net present value of reserves.
Read the full thesis - December 2024
Burford Capital is a global litigation finance company showing strong operational growth and potential for recovery in stock valuation despite recent legal challenges and a significant ongoing case against Argentina.
Read the full thesis - December 2024
Kingsgate is an undervalued Australian gold mining company poised to generate significant cash flow from its recently reopened Chatree mine in Thailand, forecasting robust production and profitability in the coming years.
Read the full thesis - December 2024
Silicon Motion is a promising investment opportunity with significant revenue growth and market share expansion anticipated in 2024, especially in high-end PC and AI/data center segments, despite a current stock loss.
Read the full thesis
Letter archive · 9
2025
Funds · 4
- Focus Capital4
- Focus Capital Management Fund3
- Focus CM1
- Focus Growth1
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