Kingdom Capital
Kingdom Capital Advisors
Mar 2025 → Mar 2026
Our archive holds 3 letters from this strategy, behind 3 investment theses and positions in 17 companies. Every quote below is copied verbatim from the letter it came from.
3 letters in 2 years · follow all of Kingdom Capital for every strategy.
What it bought and sold
The stock doubled from its lows, and we exited the position with gains, capping our third profitable cycle in this name over the past two years.
A notable addition this quarter is Alliance Entertainment (AENT), where we built a significant position following a post-earnings dislocation.
Following a dilutive capital raise by management, we exited the position with a return exceeding 100% over approximately two months.
We began building a position with the expectation it could become a core holding.
Also held
Its investment theses
- Alliance EntertainmentMar 2026Alliance Entertainment is a physical media distributor with strong insider ownership, attractive valuation, exclusive studio deals, and potential upside from warrant capital and short-interest dynamics.
- Net Lease Office PropertiesMar 2026Net Lease Office Properties is monetizing suburban office assets with remaining upside potential and has already returned cumulative dividends exceeding the initial cost basis.
- Unit CorpMar 2025Unit Corporation is a promising investment due to its disciplined management, strong cash flows from drilling rigs, and a potential liquidation value of $400 million, while currently trading at an enterprise value of around $200 million.