Riverwater Partners
Riverwater Sustainable Value
US Mid-cap Value
Dec 2024 → Jun 2026
Our archive holds 6 letters from this strategy, behind 15 investment theses and positions in 12 companies. Every quote below is copied verbatim from the letter it came from.
6 letters in 3 years — follow all of Riverwater Partners for every strategy.
Its investment theses
- Stevanato GroupJun 2026Stevanato Group is a vertically integrated drug containment and delivery supplier with switching costs, family alignment, and an attractive valuation.
- NetScout SystemsJun 2026NetScout Systems sells service assurance and cybersecurity software with proprietary technology and attractive valuation.
- Knight-SwiftJun 2026Knight-Swift benefits from broker-liability rules and a cyclical trough that offers depressed through-cycle earnings power.
- Jack Henry & Associates, Inc.Mar 2026Jack 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.
- Leggett & Platt, Inc.Mar 2026Leggett & 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.
- Dick's Sporting Goods, Inc.Mar 2026Dick'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.
- Adeia, Inc.Dec 2025Adeia, 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.
- Synovus Financial Corp.Dec 2025Synovus Financial Corp. is poised to re-rate as its merger-of-equals creates a scaled, well-capitalized regional bank with best-in-class management, solid accretion, and a discounted valuation.
- Everus Construction GroupJun 2025Everus Construction Group (ECG) is a promising investment opportunity, trading at a significant discount due to temporary market conditions, with a strong backlog and favorable growth outlook driven by rising power demand and infrastructure needs.
- Griffon CorporationJun 2025Griffon Corp is a company that specializes in consumer and professional products, as well as home and building products, and is poised for growth through innovative design while trading at a discount to its intrinsic value.