‘Alluvial Capital Management Sees Success in Third Quarter 2023\n\nAlluvial Capital Management, an investment advisory firm, recently released its third-quarter 2023 investor letter. The fund saw a 1.1% decrease in the quarter, outperforming the Russell 2000 Index’s -5.2% return and the Russell Microcap Index’s -7.9% return. The fund has had a strong year so far, with an 11.6% return, surpassing both indexes. The fund’s success can be attributed to its investments in little-known securities with strong balance sheets and predictable cash flows.\n\nTop Picks of Alluvial Capital Management in 2023\n\nIn the third quarter 2023 investor letter, Alluvial Capital Management revealed its top 5 holdings. One of the highlighted stocks is Wheeler Real Estate Investment Trust, incorporated (NASDAQ:WHLR). Headquartered in Virginia Beach, Virginia, Wheeler Real Estate Investment Trust, incorporated is a self-managed commercial real estate investment trust. On October 31, 2023, Wheeler Real Estate Investment Trust, incorporated stock closed at $0.6450 per share. The stock has seen a -73.35% return in the past month and has lost 96.05% of its value in the last 52 weeks. With a market capitalization of $2.076 million, Wheeler Real Estate Investment Trust, incorporated is not on the list of 30 Most Popular Stocks Among Hedge Funds.\n\nAlluvial Capital Management’s Comments on Wheeler Real Estate Investment Trust, incorporated \n\nIn its Q3 2023 investor letter, Alluvial Capital Management stated, “Late in the quarter, we sold our entire position in Wheeler Real Estate Investment Trust, incorporated Series L convertible notes. Our multi-year involvement with the various Wheeler REIT securities was more misadventure than anything, but we were able to salvage a gain thanks to these notes. At issuance, the Wheeler REIT notes were potentially convertible into common units at a steep discount to market value, making the notes immediately worth a large premium to par value. We accumulated a good-sized position, paying around $30 per note, and have now disposed of them at prices in the low $50s. Over the last couple of years, I became one of the better-informed market participants on Wheeler REIT, but I still do not understand this company’s decision-making or ultimate goals. I am more than happy to wash my hands of the entire situation and find easier and less aggravating ways to earn a good return on our collective capital.”\n\n Alluvial Capital Management’s third-quarter 2023 investor letter highlights the fund’s strong performance and top picks, including Wheeler Real Estate Investment Trust, incorporated .’