Parsa Kiai founded Steamboat Capital Partners LLC in 2012. Value-oriented investments are the focus of Connecticut-based hedge fund. It is the investment advisor’s belief that certain securities are undervalued or that certain catalysts could lead to significant increases in the share price of those securities. Assets managed by the Steamboat Capital Partners Fund totaled just under $510 million as of March 31, 2021. The fund returned 23.83 percent in 2019 and was one of the few hedge funds to avoid losses during the devastating market downturn of the first quarter of the year.
Insider Monkey checked out the Top 10 Must-Have Finance Stocks According to Parsa Kiai’s Steamboat Capital Partners. Since the third quarter of 2020, Steamboat Capital Partners has been a shareholder in Paypal Holdings, Inc. Since then, there has been a decline in hedge fund ownership, but Steamboat Capital is one of the few funds that has remained in place. With 378,899 BWMX shares valued at $13.74 million at the end of September, Steamboat Capital Partners is a long-term investor in Betterware de Mexico SAB de CV. Between 2021 and 2025, the company expects to see a compound annual growth rate of more than double digits. After a record-breaking third quarter, Donnelley Financial Solutions, Inc. reported revenue and earnings that shattered expectations. That wealth-creating ride has been shared by Steamboat Capital Partners since early 2021. Nearly $650 billion in assets are under the management of Blackstone Inc. as of the first quarter of 2019. On September 30, Steamboat Capital Partners owned 65,723 BX shares, worth $7.65 million. Since the third quarter of 2019, the fund has held a long position in the $161 billion company. 172,197 Apollo Global Management Inc. shares worth $10.2 million are owned by Steamboat Capital Partners. For more details, click Top 10 Must-Have Finance Stocks According To Parsa Kiai’s Steamboat Capital Partners.
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