Focus
Focus Capital Management Fund
US
Dec 2025 → Jun 2026
Our archive holds 3 letters from this strategy, behind 7 investment theses and positions in 6 companies. Every quote below is copied verbatim from the letter it came from.
3 letters in 2 years · follow all of Focus for every strategy.
Performance
as of Jun 30, 2026 · net of fees · USD
- YTD+39.1%index +10.2%
Index: S&P 500
| YTD | |
|---|---|
| Focus Capital Management Fund | +39.1% |
| S&P 500 | +10.2% |
Disclaimer
These figures are copied from the manager’s latest letter, as of Jun 30, 2026. They were extracted automatically, have not been verified by HF Best Ideas and may contain errors. They cover a single share class, in the currency and fee basis stated above; other share classes and your own returns will differ. This is not investment advice, nor an offer to buy or sell any fund. Past performance does not predict future returns.
Read full disclosures →Also held
Its investment theses
- Renhe Commercial HoldingsJun 2026Renhe 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.
- Silicon Motion Technology CorporationJun 2026Silicon 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.
- Burford CapitalApr 2026Burford Capital is a litigation finance company whose core portfolio and optionality appear materially undervalued despite the setback in YPF.
- Burford CapitalDec 2025Burford 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.
- Valeura EnergyDec 2025Valeura 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.
- KingsgateDec 2025Kingsgate 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.
- Silicon MotionDec 2025Silicon 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.