Roadrunner Transportation Systems provides logistics and freight services, offering truckload and less-than-truckload solutions across North America.

It was trading at distressed levels on the pink sheets market. However, after in-depth research, we realized it is net cash positive and its operations have dramatically improved since new management took over. We were able to benefit from this market dislocation opportunity and saw our holding triple in value within four months.

Full Truck Alliance is a Chinese digital freight platform that connects shippers and truckers, streamlining logistics and improving supply chain efficiency.

It’s our newest addition to the portfolio. Upon research we realized it has a defensible moat unlike other ride hailing platforms and it’s expansion in LTL segment drives revenue & margin expansion opportunities.