BLUE GROTTO CAPITAL, LLC

other names
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Adviser Profile
As of Date 03/06/2024
Adviser Type - Large advisory firm
Number of Employees 5 -16.67%
of those in investment advisory functions 3
Registration SEC, Approved, 09/27/2019
Other registrations (1)
Former registrations

BLUE GROTTO CAPITAL, LLC

AUM* 743,390,536 -5.64%
of that, discretionary 743,390,536 -5.64%
Private Fund GAV* 469,647,959 0.58%
Avg Account Size 148,678,107 -5.64%
SMA’s Yes
Private Funds 1
Contact Info 404 xxxxxxx
Websites

Client Types

- Pooled investment vehicles
- Charitable organizations

Advisory Activities

- Portfolio management for pooled investment vehicles

Compensation Arrangments

- A percentage of assets under your management
- Performance-based fees

Recent News

Reported AUM

Discretionary
Non-discretionary
788M 675M 563M 450M 338M 225M 113M
2019 2020 2021 2022 2023

Private Funds



Employees

Private Funds Structure

Fund Type Count GAV
Fund TypeHedge Fund Count1 GAV$469,647,959

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Top Holdings

Stock Ticker Stock Name $ Position % Position $ Change # Change
Stck Ticker144285103 Stock NameCARPENTER TECHNOLOGY CORP $ Position$41,567,877 % Position8.00% $ Change279.00% # Change160.00%
Stck Ticker023135106 Stock NameAMAZON COM INC $ Position$33,539,400 % Position6.00% $ Change8.00% # Change12.00%
Stck Ticker127190304 Stock NameCACI INTL INC $ Position$31,290,289 % Position6.00% $ Change17.00% # Change0.00%
Stck Ticker87256C101 Stock NameTKO GROUP HOLDINGS INC $ Position$32,113,013 % Position6.00% $ Change-11.00% # Change-22.00%
Stck Ticker92537N108 Stock NameVERTIV HOLDINGS CO $ Position$34,821,500 % Position6.00% $ Change475.00% # Change400.00%
Stck Ticker92840M102 Stock NameVISTRA CORP $ Position$29,635,000 % Position6.00% $ Change # Change
Stck Ticker92552R406 Stock NameVIAD CORP $ Position$24,910,592 % Position5.00% $ Change-4.00% # Change-9.00%
Stck Ticker81141R100 Stock NameSEA LTD $ Position$28,283,999 % Position5.00% $ Change-38.00% # Change-53.00%
Stck Ticker199908104 Stock NameCOMFORT SYS USA INC $ Position$28,873,800 % Position5.00% $ Change # Change
Stck Ticker368736104 Stock NameGENERAC HLDGS INC $ Position$24,950,515 % Position5.00% $ Change89.00% # Change57.00%

Brochure Summary

Overview

Blue Grotto Capital, LLC (“Blue Grotto”, “we” and “us”) was founded in June 2018 by Benjamin Gordon, the firm’s principal owner. Blue Grotto provides investment advisory services to pooled investment vehicles, certain single-investor investment vehicles, and separately managed accounts. We seek to achieve high absolute returns on behalf of our clients through a selection of individual equity securities for both long and short positions rather than relying on options or indexes. We look for unrecognized situations in the market to generate alpha on the long side. On the short side, we short companies with unsustainable business models where we have a line of sight to impairment. We believe a few key issues determine whether we are right or wrong on each idea. Our research process centers on these issues rather than unrelated, extraneous information. While we invest with a 3-year horizon, we believe returns are usually achieved when short-term fundamentals are on our side. We seek improving situations on the long side and deteriorating
situations on shorts. We believe returns can be improved by actively managing investment behaviors. We utilize Bayesian updating to build and size positions methodically in an effort to avoid bias. Our firm tailors our advisory services to the individual needs and specified investment mandate of our clients. Our firm strictly adheres to the investment strategy set forth in each client’s private placement memorandum or other governing documents, as applicable. We do not, however, tailor our advisory services to the individual needs or any specified investment mandates of the investors in any private commingled funds and investors may not impose restrictions on investing in certain securities or types of securities in such funds. Separately managed account clients receive tailored advisory services and are able to impose such restrictions on the management of their account. We do not participate in any wrap fee programs. As of December 31, 2023, we had discretion over $743,390,536 in regulatory assets under management.