Our Process

Our Investment Process

A Qualitative Approach

At Kehlet Capital, we focus on identifying the 40–50 most compelling micro-cap companies based on fundamental quality and long-term potential. From an initial universe of nearly 2,000 companies, we conduct rigorous, hands-on research to narrow our focus to only the businesses with the strongest competitive advantages. Ultimately, we invest in just 10–15 high-conviction opportunities—the ones with the greatest potential for long-term returns.

Our investment process is deeply qualitative, because we believe the key drivers of business value go beyond numbers. A company’s future success isn’t dictated by past stock price movements or historical financials—it’s shaped by business model strength, competitive moat, industry positioning, and management quality.

That’s why we take a boots-on-the-ground approach, going beyond financial statements to truly understand the businesses we invest in.

By combining this deep fundamental research with patience and discipline, we aim to outperform benchmarks while maintaining a commitment to low fees and investor-first service.

Let’s Talk

If you’re interested in learning more, we’d love to connect. Schedule an introductory call by clicking the button below. You can also find additional information, including risks associated with micro-cap investing, in our Form ADV Part 2A, available upon request.