Evr Research LP
EVR Research LP is a hedge fund and registered investment adviser based in Richmond, Virginia, founded in 2015. The firm was established by Benjamin Wolf Joffe and manages investment portfolios for institutional and high net worth clients. EVR Research focuses on fundamental research and portfolio management, serving a small base of clients as an independent firm.
Investment Strategy
EVR Research LP employs long-term equity strategies, aiming to deliver superior long-term absolute returns by investing in both long and short positions across US equities and equity derivatives. The firm focuses on fundamental bottom-up research to identify undervalued opportunities and concentrates allocations in high-conviction ideas while maintaining diversification through selective positions in ETFs and options. Portfolio turnover is moderate, with a dynamic approach that adjusts to changing market environments.
Top Holdings
Equity Positions (27)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
P PRO | PROS HOLDINGS INC | 12.25% | $28.2M | 1,800,000 | $17.00 | $15.66 | +$14.3M |
W WKC | WORLD KINECT CORPORATION | 7.14% | $16.4M | 580,000 | $27.04 | $28.35 | -$3.7M |
A ASTS | AST SPACEMOBILE INC | 6.70% | $15.4M | 330,000 | $25.65 | $46.73 | +$8.8M |
D DAN | DANA INC | 6.63% | $15.3M | 890,000 | $14.45 | $17.15 | +$6.9M |
T TWI | TITAN INTL INC ILL | 6.25% | $14.4M | 1,400,000 | $8.79 | $10.27 | +$5.1M |
Options Positions (3)
| Ticker | Security | Action | Type | Notional Value | Contracts | Underlying Price | Premium Paid | Change (Contracts) | Change (Value) |
|---|---|---|---|---|---|---|---|---|---|
I IWM | ISHARES TR | Sold | Put | $32.4M | 1,500 | $215.79 | $199.49 | -1,000 | -$17.5M |
P PRO | PROS HOLDINGS INC | New | Call | $5.5M | 3,500 | $15.66 | $15.66 | +3,500 | +$5.5M |
N NWL | NEWELL BRANDS INC | New | Call | $1.4M | 2,500 | $5.40 | $5.40 | +2,500 | +$1.4M |