Emeth Value Capital, LLC

Key Holdings

The portfolio is dominated by a single "mega-position," Driven Brands Holdings Inc (DRVN), which accounts for 70.35% of the total portfolio value ($57.00 million). The firm increased its stake in DRVN by 17.8% during the quarter, adding $4.26 million. This indicates a strong conviction in the automotive services company, likely viewing it as undervalued or a turnaround play.

The second largest holding is Burford Capital Ltd ($12.34M), representing 15.22% of the portfolio. Notably, the reported data shows a capital addition of $4.18 million labeled as a "+0.2%" increase. This suggests a significant capital inflow into the position, likely resulting from corporate action activity such as a tender offer, rights offering, or dividend reinvestment, which increased the cash value of the holding without drastically altering the share count (or the percentage change reflects a rounding anomaly due to the large cash injection).