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Greystone Capital Management

Dec 2024 → Jun 2026 · Publishes quarterly · 5 funds

Our archive holds 7 letters from Greystone Capital Management, behind 22 investment theses and positions in 5 companies. Every quote below is copied verbatim from the letter it came from.

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Greystone Capital Management’s own letters page
7
Letters
5
Companies
3
Moves
22
Theses

3 strategies

Greystone Capital Management publishes a letter per strategy. Each one has its own page — what it holds, what it bought, what it wrote.

Also filed under Greystone Capital Management, Greystone.

What they bought and sold · 3 moves

  • AddedShift4 Technologies
    June 2026
    “I’ve been adding to our position.”
    Read the letter
  • AddedKits Eyecare
    June 2026
    “I’ve been adding to our position as the thesis plays out and expect another strong year during 2026 and 2027 as KITS glasses business continues to grow and as they expand into new geographies and reach new customers.”
    Read the letter
  • AddedPitney Bowes
    June 2026
    “This is the first time I’ve written about our investment in Pitney Bowes, which we started purchasing in 2025 and have continued adding through volatility.”
    Read the letter

Companies held · 5

Every company Greystone Capital Management has disclosed a position in across our archive, with the letter that last mentioned it.

Theses · 22

  • Limbach
    June 2026

    Limbach has an overlooked asset-light recurring service business inside a misunderstood mechanical contractor label, with faster growth and higher margins than the consolidated GAAP numbers imply.

    Read the full thesis
  • APi Group
    June 2026

    APi Group is a durable business whose mix shift toward recurring inspection and monitoring work increases margins, cash flow, and reduces cyclicality.

    Read the full thesis
  • Secure Waste Infrastructure
    June 2026

    Secure Waste Infrastructure was misread as a low-margin commodity business even though its permitted waste facilities function as regional monopolies.

    Read the full thesis
  • Pitney Bowes
    June 2026

    Pitney Bowes is a neglected but durable installed-base and presort business with pricing power, strong capital allocation, and multiple re-rating potential.

    Read the full thesis
  • Kits Eyecare
    June 2026

    Kits Eyecare has a hard-to-replicate price and convenience moat, improving customer behavior, and a long growth runway.

    Read the full thesis
  • Shift4 Technologies
    June 2026

    Shift4 Technologies has integrated payments exposure, differentiated software, strong cash conversion, and potential upside if execution and valuation normalize.

    Read the full thesis
  • Medical Facilities Corp.
    March 2026

    Medical Facilities Corp. operates specialty hospitals with durable demand and management-driven buybacks that have steadily increased per-share value.

    Read the full thesis
  • KITS Eyecare
    December 2025

    KITS Eyecare is a vertically integrated DTC eyecare company with strong unit economics, rapid organic growth, and structural advantages that support high-rate free cash flow compounding.

    Read the full thesis
  • Natural Resource Partners
    December 2025

    Natural Resource Partners is a coal royalty and infrastructure business with durable low-capex cash flows, a strengthening balance sheet, and shares trading at a substantial discount to intrinsic value.

    Read the full thesis
  • Shift4 Payments
    December 2025

    Shift4 Payments is an integrated end-to-end payments platform with low churn, strong unit economics, founder-led alignment, and a compelling valuation supported by merchant conversion, M&A, and buybacks.

    Read the full thesis
  • APi Group
    December 2025

    APi Group is a mission-critical fire and life-safety services provider with resilient recurring revenue, strong cash generation, and earnings-driven upside toward 2028 targets.

    Read the full thesis
  • Medical Facilities Corp.
    December 2025

    Medical Facilities Corp. is a cash-generative owner of specialized surgical hospitals with disciplined buybacks and shares trading significantly below intrinsic value.

    Read the full thesis

Letter archive · 7

2026

2025

2024

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