HF Best Ideas
AnalysesQuarterly LettersWarren AI
All funds

Riverwater Partners

Dec 2024 → Mar 2026 · Publishes quarterly · 3 funds

Our archive holds 15 letters from Riverwater Partners, behind 37 investment theses. Every quote below is copied verbatim from the letter it came from.

Riverwater Partners’s own letters page
15
Letters
0
Companies
0
Moves
37
Theses

Theses · 37

  • Jack Henry & Associates, Inc.
    March 2026

    Jack Henry & Associates, Inc. is a mission-critical bank technology provider with durable moats and resilient recurring revenue, offering market share upside at a discounted valuation post AI-related selloff.

    Read the full thesis
  • LSB Industries, Inc.
    March 2026

    LSB Industries, Inc. is a U.S. nitrogen producer with cost and regional moats benefiting from tight global supply, attractive valuation leverage to pricing, and an option on blue ammonia with 45Q credits.

    Read the full thesis
  • Cushman & Wakefield plc
    March 2026

    Cushman & Wakefield is a global CRE services firm with a durable, recurring-revenue moat and attractive valuation where AI disintermediation fears appear overstated.

    Read the full thesis
  • Leggett & Platt, Inc.
    March 2026

    Leggett & Platt, Inc. is a market leader undergoing restructuring with strong free cash flow and an attractive valuation, with potential upside from industry recovery and takeover interest.

    Read the full thesis
  • Red Violet, Inc.
    March 2026

    Red Violet, Inc. provides identity intelligence and data analytics with proprietary, hard-to-replicate datasets that support durable competitive positioning despite sector-driven multiple compression.

    Read the full thesis
  • Ranger Energy Services, Inc.
    March 2026

    Ranger Energy Services, Inc. provides high-spec well service rigs leveraged to sustained U.S. oil and gas activity, offering stable service exposure, pricing power, and strong free cash flow potential.

    Read the full thesis
  • Dick's Sporting Goods, Inc.
    March 2026

    Dick's Sporting Goods, Inc. stands to gain from consumer and event-driven tailwinds, improving vendor dynamics, and strong merchandising, supporting margins and long-term growth at a reasonable valuation.

    Read the full thesis
  • Douglas Dynamics
    December 2025

    Douglas Dynamics is a leading snow and work truck solutions manufacturer with asymmetric upside from normalized snowfall, expanding margins, and strategic diversification under new leadership.

    Read the full thesis
  • CNX Resources Corporation
    December 2025

    CNX Resources is a natural gas producer executing well with strong free cash flow and buybacks amid supportive structural demand.

    Read the full thesis
  • Kodiak Gas Services, Inc.
    December 2025

    Kodiak Gas Services provides contract compression with long-term contracts and favorable volume tailwinds from LNG, data centers, and electrification.

    Read the full thesis
  • NPK International Inc.
    December 2025

    NPK International provides composite matting for utilities and energy with advantages over timber, poised for margin and FCF improvement amid infrastructure buildout.

    Read the full thesis
  • Adeia, Inc.
    December 2025

    Adeia, Inc. is an IP licensing company with extensive media patents and leading hybrid bonding technology, offering recurring growth, strong cash flow, and attractive valuation upside.

    Read the full thesis

Letter archive · 15

2026

2025

2024

Funds · 3

  • Riverwater Micro Opportunities5
  • Riverwater small cap5
  • Riverwater Sustainable Value5

Get Riverwater Partners’s next letter the day it lands

We track Riverwater Partners alongside hundreds of other managers, read every letter, and pull out what they bought and sold. Warren AI reads the whole archive for you.

View plans→
Share this fund