Palm Valley Capital Management

What they bought and sold · 4 moves

• ExitedHeartland Express

  June 2026

  “We sold our position in Heartland Express (ticker: HTLD) during the quarter.”

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• New positionMolson Coors Beverage Company

  June 2026

  “The Fund acquired three new positions during the second quarter: The Clorox Company (ticker: CLX), Molson Coors Beverage Company (ticker: TAP), and Vontier Corp. (ticker: VNT).”

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• New positionVontier Corporation

  June 2026

  “The Fund acquired three new positions during the second quarter: The Clorox Company (ticker: CLX), Molson Coors Beverage Company (ticker: TAP), and Vontier Corp. (ticker: VNT).”

  Read the letter→
• New positionThe Clorox Company

  June 2026

  “The Fund acquired three new positions during the second quarter: The Clorox Company (ticker: CLX), Molson Coors Beverage Company (ticker: TAP), and Vontier Corp. (ticker: VNT).”

  Read the letter→

Companies held · 7

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

• AmdocsJun 2026
• Heartland ExpressJun 2026
• Kelly ServicesJun 2026
• LKQ CorporationJun 2026
• Molson Coors Beverage CompanyJun 2026
• The Clorox CompanyJun 2026
• Vontier CorporationJun 2026

Theses · 18

• Amdocs Ltd

  March 2026

  Amdocs is a telecom-focused software and services provider embedded in mission-critical systems with high switching costs and attractive valuation around 10x free cash flow.

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• Flowers Foods Inc

  March 2026

  Flowers Foods is a leading bakery producer experiencing volume pressure but expected to generate strong free cash flow to support dividends and debt reduction.

  Read the full thesis→
• Rayonier Inc

  March 2026

  Rayonier is a large timberland REIT trading at a discount to asset value with cash flows from timber and HBU land sales and buybacks offering inflation-hedge characteristics.

  Read the full thesis→
• Domino’s Pizza Group plc

  December 2025

  Domino’s Pizza Group is the UK pizza delivery leader with strong cash generation, market share gains, and a record-low valuation offering attractive income and upside despite slower growth.

  Read the full thesis→
• Flowers Foods, Inc.

  December 2025

  Flowers Foods is pivoting toward better-for-you brands while maintaining strong free cash flow and an attractive 10x earnings valuation despite margin pressures.

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• Ingredion Incorporated

  December 2025

  Ingredion is a mature ingredient producer shifting toward specialty and emerging markets with improved hedging and balance sheet, trading at 10x earnings and a 3% yield.

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• Kelly Services, Inc.

  December 2025

  Kelly Services is a staffing firm whose shares have been hit hard but trade at deep value metrics and below tangible book despite solid recent profitability.

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• Utz Brands, Inc.

  December 2025

  Utz Brands is a leading salty snacks producer with market share gains, improving free cash flow, and deleveraging potential at a reasonable valuation.

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• LKQ Corporation

  September 2025

  LKQ Corporation is the largest distributor of aftermarket and recycled auto parts in the U.S. and Europe, known for its extensive distribution network and resilience in recessionary markets despite recent challenges related to declining repairable claims.

  Read the full thesis→
• Robert Half

  September 2025

  Robert Half is a profitable staffing and consulting firm that, despite facing industry challenges, remains cash-generative with zero debt and a strong dividend yield, driven by its successful Protiviti segment.

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• Chord Energy

  June 2025

  Chord Energy is an attractively priced exploration and production company with strong cash flow, low-cost oil reserves, and a solid balance sheet, poised for continued dividend payments and stock buybacks.

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• Papa John’s International

  June 2025

  Papa John’s International is a well-established pizza delivery and carryout restaurant operator that exceeded Q1 2025 expectations, leading to a profitable short-term investment for us.

  Read the full thesis→

• RPC, Inc.Jun 2025
• Forrester ResearchMar 2025
• Monro, Inc.Mar 2025
• Flowers FoodsMar 2025
• Reynolds Consumer ProductsMar 2025
• Seaboard CorporationDec 2024

Letter archive · 8

Funds · 3

• Palm Valley CM5
• Palm Valley Capital3
• Palm Valley0