ToffCap

One last time

A small event-driven sit

Dec 4 • 

ToffCap

8

1

November 2025

Revisiting an old one

~70% upside to NAV, with (finally) some work done to close the gap

Nov 20 • 

ToffCap

3

October 2025

Long and short and now long again (but just a bit)

Where are we now

Oct 30 • 

ToffCap

19

1

3

HighCo

Yes, that's actually the name

Oct 23 • 

ToffCap

18

4

1

Breaking apart to unlock the machine inside

This $1.8bn company is going for some serious SOTP unlock

Oct 3 • 

ToffCap

11

1

September 2025

Trades and ideas

Some winners, a few easy trades and two new ideas

Sep 18 • 

ToffCap

13

2

If you have the right platform...

Rinse and repeat

Sep 4 • 

ToffCap

16

1

August 2025

Is 2CRSi really becoming an AI infrastructure play?

We need your help on this one! (no paywall)

Aug 14

29

4

2

July 2025

Ethanol production and HPC data centers

A few companies undergoing a serious transformation

Jul 17 • 

ToffCap

7

1

Trades and Ideas

Another inflecting small-cap, a VERY interesting liquidation, and some ugly stuff (though getting more asymmetric by the day)

Jul 3 • 

ToffCap

12

2

1

June 2025

An inflecting micro-cap

And we went short some of our previous longs

Jun 19 • 

ToffCap

11

2

A look at one of our largest holdings

I intend to hold this one forever

Jun 5 • 

ToffCap

11

10

2