Maran Capital
Our archive holds 8 letters from Maran Capital, behind 8 investment theses and positions in 6 companies. Every quote below is copied verbatim from the letter it came from.
Companies held · 6
Every company Maran Capital has disclosed a position in across our archive, with the letter that last mentioned it.
- APi GroupJun 2026
- Clarus CorpJun 2026
- Correios de PortugalJun 2026
- Horizon Kinetics Holding CorporationJun 2026
- Pure Cycle CorporationJun 2026
- Turning Point BrandsJun 2026
Theses · 8
- December 2025
Turning Point Brands is a tobacco products company with accelerating growth from nicotine pouches, strong cash flow and margin potential, and significant long-term upside from market share gains.
Read the full thesis - December 2025
Clarus Corp owns the Black Diamond and Rhino-Rack brands and trades at a steep discount to revenue with potential catalysts from asset sales, supported by a net cash balance sheet and aligned owner-operator leadership.
Read the full thesis - December 2025
Correios de Portugal is a pan-Iberian logistics and banking conglomerate with sustained EBIT growth, clear catalysts, and a sum-of-the-parts valuation suggesting potential for a double by 2028.
Read the full thesis - December 2025
Horizon Kinetics Holding Corporation is an asset manager offering exposure to inflation-beneficiary assets via balance sheet investments, fee-earning AUM, and potentially meaningful but lumpy incentive fees.
Read the full thesis - December 2024
APi Group is a promising long-term investment with growth potential, driven by management incentives and strategic business segment changes.
Read the full thesis - December 2024
Clarus is undervalued with a strong balance sheet, accelerating profitability, and trading at significantly lower multiples compared to peers.
Read the full thesis - December 2024
CTT is a rapidly transforming privatized postal operator in Portugal with strong growth in its express and parcels business, strategic acquisitions, and significant future upside potential.
Read the full thesis - December 2024
Vistry is undervalued despite recent challenges, with potential for significant upside if management can rebuild credibility.
Read the full thesis
Letter archive · 8
2025
Funds · 2
- Maran Capital7
- Maran Capital Management1
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