Run by David Bastian since 2022. Buys cheap, overlooked small U.S. companies, and special cases like breakups and companies winding down.
If you’d given them $1,000 on January 1, by September 30 you’d have
You usually can’t invest in these funds: they’re for very wealthy people and institutions, often with millions to put in. The $1,000 is just a way to picture how they did.
$1,022
$1,022
2.2% in 2026, through Sep 30
The rose 11.8% over the same months (not counting dividends, the cash some companies pay their owners).
S&P 500 data: S&P Dow Jones Indices LLC, via FRED.
What they own
From the fund’s own letters. They name these companies but not how much of the fund is in each. Tap a stock to open its page.
— : their letter doesn’t say how much.
Just bought
1
First reported in the fund’s own letters since July 2026. Older buys show as plain holdings.
Sold
Their latest letters don’t mention selling anything.
Year by year
Each calendar year’s result, after fees, for Kingdom Capital’s client accounts (Value Composite). This year’s figure doesn’t include the performance fee yet; it is charged at the end of the year.
From Jan 13, 2022 to Sep 30, 2026, $1,000 became $2,248: 18.7% a year on average, after fees. Up in all 5 years shown.
Not investment advice. For information and education only. Holdings: SEC Form 13F filings and the funds’ own letters. Returns: as reported by the funds or the press, linked at each number. Investors and money managed: the managers’ Form ADV filings with the SEC. Not affiliated with the SEC or any fund.