- Letter to Limited Partners First Quarter 2026 Alluvial Fund sold Peakstone Realty Trust following its agreed acquisition by Brookfield, while retaining a focus on unpopular real estate despite a largely matured distressed-property cycle. The portfolio added Gulf Marine Services and argues for EACO, FitLife Brands, McBride, McDermott and Zegona based on operational catalysts, valuation discounts and balance-sheet progress. First Quarter 2026 +3.0% EACO $574MFTLF $96MGMS $290MMCB $395M
One letter so far. We collect each new one as Alluvial Capital Management publishes it.
