Soumya Eswaran
Mon, Apr 7, 2025, 6:56 AM 4 min read
In This Article:
Palm Valley Capital Management, an concern absorption firm, released the “Palm Valley Capital Fund” archetypal 4th 2025 capitalist letter. A transcript of the missive tin beryllium downloaded here. In the archetypal quarter, Palm Valley Capital Fund appreciated 0.57% compared to an 8.93% diminution successful the S&P SmallCap 600 and a 6.08% driblet successful the Morningstar Small Cap Total Return Index. Cash was 77.6% of Fund assets astatine the commencement of the 4th and 76.5% astatine the conclusion. In addition, delight cheque the fund’s apical 5 holdings to cognize its champion picks successful 2025.
In its archetypal 4th 2025 capitalist letter, Palm Valley Capital Fund emphasized stocks specified arsenic Forrester Research, Inc. (NASDAQ:FORR). Forrester Research, Inc. (NASDAQ:FORR) is an autarkic probe and advisory company. The one-month instrumentality of Forrester Research, Inc. (NASDAQ:FORR) was -9.30%, and its shares mislaid 52.22% of their worth implicit the past 52 weeks. On April 4, 2025, Forrester Research, Inc. (NASDAQ:FORR) banal closed astatine $9.46 per stock with a marketplace capitalization of $179.56 million.
Palm Valley Capital Fund stated the pursuing regarding Forrester Research, Inc. (NASDAQ:FORR) successful its Q1 2025 capitalist letter:
"We started 4 caller positions successful the archetypal quarter: Forrester Research, Inc. (NASDAQ:FORR), Monro (ticker: MNRO), Reynolds Consumer Products (ticker: REYN), and Flowers Foods (ticker: FLO). Each of these is simply a comparatively tiny weighting successful the Fund. Forrester Research provides proposal and probe to assistance concern and exertion leaders marque amended decisions. The steadfast was founded successful 1983 by George Colony, who remains CEO and owns implicit 40% of the company. The halfway Research concern is simply a subscription-based exemplary paid successful beforehand by customers and has 90% renewal rates, starring to precocious currency generation. Forrester is simply a precise distant fig 2 subordinate successful the space, aft Gartner. While Forrester is usually mentioned successful the aforesaid enactment arsenic Gartner erstwhile discussing leaders successful exertion research, Forrester’s economics airy successful comparison. Gartner is the ascendant supplier of proposal connected back-office exertion to large companies making large acquisition decisions. Forrester focuses much connected the beforehand office, including selling roles.