Global Micro-Cap Opportunities

Investment Philosophy

• Disclosure: The following outlines our general investment philosophy and is intended for informational purposes. It does not represent a specific investment strategy recommendation.
• We focus on investing in the smallest and most overlooked companies, both domestically and internationally, which often present unique opportunities. Small-cap stocks are frequently ignored by large institutions due to illiquidity, creating pricing inefficiencies that we believe investors can capitalize on. At the same time, global markets broaden the opportunity set, offering diversification, growth, and access to fast-growing economies. Our experience in international markets provides additional perspective when evaluating opportunities worldwide.
• Each investment is guided by a long-term growth perspective, prioritizing fundamental value and remaining largely indifferent to short-term market noise. The portfolio combines deep value opportunities, high-quality compounders, special situations, and cash, with allocations determined by the prevailing opportunity set.
• Deep Value Companies trading below their tangible or liquidation value, most often small-cap stocks, present compelling opportunities. Market pessimism, temporary setbacks, illiquidity, and limited analyst coverage can create a significant margin of safety. By focusing on these undervalued assets, we target situations where intrinsic value exceeds market price, offering the potential for asymmetric upside while limiting downside risk.
• CompoundersHigh-quality businesses with durable competitive advantages generate consistent earnings growth and long-term value creation. Although these companies often trade at premiums, market corrections or sector-specific dislocations can provide attractive entry points. Their disciplined reinvestment strategies allow intrinsic value to compound over time, turning steady growth into substantial long-term wealth when acquired at reasonable valuations.
• Special Situations Event-driven opportunities, such as spin-offs, restructurings, tender offers, or mergers, create temporary market inefficiencies. Many of these securities are illiquid, making them less appealing to large investors but accessible to smaller, flexible capital bases.
• Cash Discipline Maintaining cash may modestly impact short-term returns, but it preserves flexibility, allowing the portfolio to seize attractive opportunities as they arise and manage risk effectively.

Disclosure

Wangchuk Capital, LLC (“RIA Firm” and “WC”) is a registered investment adviser located in New York. WC may only transact business in those states in which it is registered or qualifies for an exemption or exclusion from registration requirements. This website is limited to the dissemination of general information pertaining to its advisory services, together with access to additional investment-related information, publications, and links. Accordingly, the publication of this website should not be construed by any consumer or prospective client as a solicitation to effect, or attempt to effect, transactions in securities, or as the rendering of personalized investment advice for compensation over the Internet. Any subsequent direct communication with a prospective client shall be conducted by a representative who is either registered or qualifies for an exemption or exclusion from registration in the state where the prospective client resides. For information regarding the registration status of WC, please contact the state securities regulators for those states in which it maintains a registration filing. A copy of the current written disclosure statement, discussing business operations, services, and fees, is available at the SEC’s investment adviser public information website – adviserinfo.sec.gov – or from Wangchuk Capital, LLC upon written request. WC does not make any representations or warranties as to the accuracy, timeliness, suitability, completeness, or relevance of any information prepared by any unaffiliated third party, whether linked to this site or incorporated herein, and takes no responsibility therefor. All such information is provided solely for convenience, and users should be guided accordingly. This website and its content are provided for informational purposes only. Investments involve risk and, unless otherwise stated, are not guaranteed. Users are encouraged to consult with a qualified financial adviser and/or tax professional before implementing any investment strategy. Use of this website does not create an advisory or fiduciary relationship between the user and WC. Any advisory relationship will be established only after the execution of a written agreement between WC and the client. Certain statements herein may constitute “forward-looking statements” based on current expectations, estimates, projections, opinions, and beliefs. Such statements involve known and unknown risks and uncertainties, and actual results may differ materially from those expressed or implied. WC does not collect personally identifiable information from users unless it is voluntarily provided. Any information submitted through this website will be used solely for legitimate business purposes and will not be shared with unaffiliated third parties except as required by law. Electronic communications through this website or via email may not be secure, and users should avoid sending confidential or sensitive information through unencrypted channels. All content on this website, including text, graphics, and logos, is the property of Wangchuk Capital, LLC unless otherwise noted, and may not be reproduced or distributed without prior written permission. References to any third-party products, services, or websites are provided solely for convenience and do not constitute an endorsement or recommendation by WC. Past performance is not indicative of future results. Investing in small or micro-cap companies carries additional risks, including illiquidity, higher volatility, and potential loss of capital. International investments involve additional risks such as currency fluctuations, political instability, and differing accounting standards. This website and the information provided are not intended to offer investment, tax, or legal advice.