Patient capital,
compounded with
discipline.
Yellow Mountain Capital Management, LLC is a hedge fund that seeks to follow the time-tested tenets of value investing to manage and grow long-term patient capital.
A hedge fund built on the enduring principles of value investing.
Yellow Mountain Capital Management, LLC is a hedge fund that seeks to follow the time-tested tenets of value investing to manage and grow long-term patient capital.
Old-fashioned research, still working in a fast-paced market.
Founded in 2016, Yellow Mountain Capital Management focuses on identifying deep value stocks across industries and sectors to build a concentrated portfolio.
Our performance since inception has shown that old-fashioned investment research and traditional methods of investing continue to work in current fast-paced trading environment.
We believe in staying within our circle of competence and being humble about what we don't know. Our investments are focused on US-based equities.
The people behind the portfolio.
Let's talk about
patient capital.
Notes on value investing.
Investor Letter
Staying within the circle of competence
Why we say no far more often than we say yes — and how disciplined boundaries protect long-term capital.
Read more →The case for a concentrated book
Diversification protects against ignorance. When you truly know a business, concentration is where conviction pays.
Read more →The discipline of doing nothing
Patience is an edge. A look at why our best decisions in a volatile year were the trades we never made.
Read more →Reading the annual report first
Before the pitch, before the model — the filings. How primary sources keep our thesis honest.
Read more →Margin of safety, revisited
Price is what protects you when the analysis is wrong. Sizing entries around a range of outcomes.
Read more →Small caps and the coverage gap
Where Wall Street stops looking, patient research still finds mispriced businesses.
Read more →