Archive - ToffCap

An inflecting micro-cap

And we went short some of our previous longs

Jun 19 •

A look at one of our largest holdings

I intend to hold this one forever

Jun 5 •

May 2025

A very interesting spin, an update on some LEAPS and a new position

Iveco (IVG Italy)

May 23 •

A new pope, a few stocks and some updates

May 8 •

April 2025

Trades and ideas

PE, more LEAPS, cash shells, drugs, some quality and some dirt

Apr 11 •

March 2025

Everybody knows the name, but no one knows the company

High-quality, >40% ROICs, secular growth, 8x ev/ebitda

Mar 27 •

Our largest LEAPS position

We’re pretty excited about this one.

Mar 13 •

February 2025

A very high quality secular compounder at a neat discount

We give thanks to the market

Feb 20 •

A managed wind-down

With a clear path to ~60% upside to NAV

Feb 18 •

A ToffCap spin-off!

Unlocking that SOTP

Feb 8 •

January 2025

Launching a paid version

Jan 27 •

A LOT of action under the surface

Jan 24 •

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