Ace River Capital’s second-quarter 2025 investor letter reported a -5.33% return. The underperformance was due to challenges in key holdings. The focus remains on high-quality small-cap companies. MarineMax, Inc. (NYSE:HZO) saw a one-month return of -13.51% and closed at $22.47 per share on August 8, 2025. The company is shifting towards higher-margin revenue streams. Hedge funds held 15 portfolios of MarineMax, Inc. (NYSE:HZO) in the first quarter. Ace River Capital added to its position in the company.

Read more at Yahoo Finance: Ace River Capital Partners Increased its Position in MarineMax (HZO) in Q2