Alfreton Capital LLP
Alfreton Capital LLP is a UK-based hedge fund manager headquartered in Radlett, Hertfordshire, founded in 2013 by Dan Abrahams and Charlie Stone after spinning out of Praxient Capital. The firm has a research-intensive, bottoms-up approach to value investing in developed market equities and manages a concentrated, high-conviction portfolio, primarily serving institutional clients and endowments. It is a relatively small team, managing several hundred million in assets.
Investment Strategy
Alfreton Capital deploys a research-intensive, fundamental, bottoms-up investing approach. The team looks globally for what they believe to be the best investment opportunities, focusing primarily on value opportunities in developed markets, including both US and European equities. The portfolio is highly concentrated, typically holding a small number of high-conviction positions that may each represent a significant share of assets. Their strategy aims to identify undervalued companies through detailed, fundamental company analysis.
Top Holdings
Equity Positions (5)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
C CACC | CREDIT ACCEP CORP MICH | 27.62% | $95.2M | 186,826 | $471.50 | $509.43 | -$2.9M |
N NET | CLOUDFLARE INC | 22.73% | $78.3M | 400,000 | $112.69 | $195.83 | +$29.9M |
V V | VISA INC | 20.61% | $71.0M | 200,000 | $319.94 | $355.05 | +$7.9M |
C CCCS | CCC INTELLIGENT SOLUTIONS HL | 19.12% | $65.9M | 7,000,000 | $9.85 | $9.41 | +$52.7M |
P PCOR | PROCORE TECHNOLOGIES INC | 9.93% | $34.2M | 500,000 | $72.01 | $68.42 | -$3.8M |