Fund 1 Investments, LLC

Hedge Fund Puerto Rico, United States

Overview

Fund 1 Investments, LLC is a hedge fund based in Rincon, Puerto Rico, specializing in long/short equity and derivative strategies focused on publicly traded companies. The firm manages hedge and private investment vehicles, serving institutional and high-net-worth clients. It was founded prior to 2023 and acts as the managing member of Pleasant Lake Partners LLC, with Jonathan Lennon as the managing member. The firm holds equity and derivative positions in public companies and filed its first major SEC statements in 2023. The firm's investment strategy involves a tactical approach, seeking alpha returns through directional trading and hedged exposures, notably in consumer discretionary, retail, and technology sectors. Fund 1 Investments, LLC has disclosed 53 total holdings in their latest 13F filing with the SEC for the portfolio date of 2025-12-31. The current portfolio value is calculated to be $818.00 million, with a turnover rate of 19%. The top five holdings are Jumia Technologies AG (JMIA), Citi Trends Inc (CTRN), Enviri Corp (NVRI), Celsius Holdings Inc (CELH), and Reddit Inc (RDDT). Fund 1 Investments, LLC has been involved in activist actions, including 13D filings and proxy campaigns, with companies such as Citi Trends Inc, BJS Restaurants Inc, Destination XL Group, Inc, and Vera Bradley, Inc. The firm's portfolio reflects a focus on consumer discretionary and retail sectors, with significant positions in companies like Citi Trends Inc, Tilly's Inc, Destination XL Group Inc, Torrid Holdings Inc, and Funko Inc. The firm's investment philosophy emphasizes a tactical approach, seeking alpha returns through directional trading and hedged exposures, notably in consumer discretionary, retail, and technology sectors.

Investment Focus

  • Institutional investors
  • High-net-worth individuals
  • Accredited investors

Portfolio Companies

1-800-Flowers.com IncJumia Technologies AGCiti Trends IncEnviri CorpCelsius Holdings IncReddit IncTilly's IncDestination XL Group IncTorrid Holdings IncFunko IncVera Bradley IncStitch Fix IncBath & Body Works IncGenesco IncArriVent BioPharma IncJ.Jill IncPacific Gas & Electric CoL&G India INR Government Bond UCITS ETF

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Frequently asked questions about Fund 1 Investments, LLC

What sectors does Fund 1 Investments, LLC invest in?

Fund 1 Investments, LLC invests in Technology, Media, Retail, Consumer Discretionary and Telecom, and is based in Puerto Rico, United States. Fund 1 Investments, LLC is listed as a hedge fund in the ConnectSafely investor database.

What stage does Fund 1 Investments, LLC invest at?

Fund 1 Investments, LLC backs companies at Growth, Late Stage and Pre-IPO, writing cheques of 1M - 50M.

Which regions does Fund 1 Investments, LLC invest in?

Fund 1 Investments, LLC invests across United States, United Kingdom, Canada, Germany, Japan and Australia.

What companies has Fund 1 Investments, LLC invested in?

Fund 1 Investments, LLC's portfolio includes 1-800-Flowers.com Inc, Jumia Technologies AG, Citi Trends Inc, Enviri Corp, Celsius Holdings Inc, Reddit Inc, Tilly's Inc and Destination XL Group Inc.

Last updated · Source: ConnectSafely investor database