Rule One Partners, LLC
Rule One Partners, LLC is an investment advisory firm based in Atlanta, Georgia, founded in June 2013. It is led by Phil Town and operates as a hedge fund manager and registered investment adviser, providing tailored investment management services primarily through separately managed accounts, private funds (Rule One Capital, LP), and a mutual fund (Rule One Fund). The firm employs an event-driven, deep-value investment strategy and serves high-net-worth individuals, institutional, and retail clients. Rule One Partners is recognized for educating investors and emphasizes investing in strong companies at a significant discount to intrinsic value.
Investment Strategy
Rule One Partners, LLC employs a deep-value, event-driven investment approach with a focus on publicly traded equities, options, and selected private offerings. The strategy centers on capital appreciation by identifying companies with durable competitive advantages trading at over a 50% discount to intrinsic value. The firm uses a 'stockpiling' methodology to further reduce cost basis through lower-cost purchases and applies options strategies, dividends, and buybacks to generate positive returns even during market downturns. Their mutual fund (Rule One Fund) pursues absolute returns using multi-alternative, concentrated portfolios across value, contrarian, momentum, volatility, and derivative-based strategies.
Top Holdings
Equity Positions (6)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
N NFLX | NETFLIX INC | 27.96% | $51.6M | 37,000 | $709.27 | $1339.13 | +$1.1M |
S SFM | SPROUTS FMRS MKT INC | 11.34% | $20.9M | 127,000 | $110.41 | $164.64 | +$1.5M |
O OXY | OCCIDENTAL PETE CORP | 6.28% | $11.6M | 275,501 | $51.21 | $42.01 | -$2.0M |
H HHH | HOWARD HUGHES HOLDINGS INC | 5.93% | $10.9M | 162,001 | $77.43 | $67.50 | -$1.1M |
L LULU | LULULEMON ATHLETICA INC | 5.44% | $10.0M | 42,200 | $261.60 | $237.58 | +$8.0M |