Palm Valley Capital Fund Investor Class
PVCMX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 615 E. Michigan Street Milwaukee WI United States of America 53202
- IPO Date
- Jun 13, 2019
- CIK
- 0001650149
- Website
- palmvalleycapital.com
- Similar Companies
- Business
- Palm Valley Capital Fund Investor Class (PVCMX) is an open-end mutual fund that seeks long-term total return through a diversified portfolio primarily invested in small capitalization common stocks of high-quality U.S. companies; it employs an absolute return value investment strategy focused on buying good businesses at attractive valuations, with flexibility to hold significant cash equivalents and short-term U.S. Treasury obligations when opportunities are scarce. The fund offers Investor Class shares (ticker: PVCMX, minimum initial investment of $2,500) and Institutional Class shares (ticker: PVCIX, minimum initial investment of $500,000, launched October 30, 2023); its portfolio typically includes U.S. equities across sectors such as financial services, industrials, consumer goods, and precious metals trusts like Sprott Physical Gold and Silver Trusts, alongside substantial allocations to cash (around 44%) and U.S. bonds/Treasury bills (around 29%). Managed by Palm Valley Capital Management LLC, headquartered in Jacksonville Beach, Florida, the fund was incepted on April 30, 2019, and operates primarily in the United States, targeting individual and institutional investors seeking small-cap value exposure with downside protection. Portfolio managers Eric Cinnamond, CFA, and Jayme Wiggins, CFA, oversee investments, drawing on their prior experience with absolute return strategies at firms like Intrepid Capital Management. In recent developments, the firm launched the Institutional Class (PVCIX) in October 2023 to accommodate larger investors; it made year-end distributions in December 2024 including short-term capital gains of $0.0434 per share, long-term capital gains of $0.341 per share, and income of $0.4629 per Investor Class share (83.38% from U.S. government obligations); quarterly commentaries for 2025 detail strategic adjustments such as gradual cash deployment into starter positions in out-of-favor small caps, trims to holdings like Lassonde Industries, Avista, Northwest Natural, and Carter's due to valuation shifts, and rebalancing of precious metals positions following price appreciation.