The Illiquid Edge
The Illiquid EdgeLearning everything about small and illiquid stocks
| Platform |  | Pricing | Only free issues | Publishes | Weekly |
|---|---|---|---|---|---|
| Issues | 32 | Subscribers | Read | benevolusinsights.com |
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Latest Issues
Recent posts by this newsletter. Browse the email archive.
Portfolio Positions Heading in to 2026
In 2025, the Illiquid Edge portfolio returned 25% vs. the S&P500’s 18%, while maintaining effectively zero correlation (0.0028) to the S&P. This was done through investments in small, and undercovered stocks.
The Illiquid Edge
After reflecting hard on 2025, I have decided to refocus my portfolio and this substack. I will now be focused entirely on illiquid investments, and I will be renaming the substack to “The Illiquid Edge.”
5 Interesting Minnesota-Based Companies
It turns out this was a poor time to start this series. Times are hard for Minnesota. Over the course of 5 years, we have experienced George Floyd, Renee Good, the assassination of a state representative, and a church mass shooting.
2025 in Review
## Headline Performance
Authors
The writers behind this newsletter.
"Know everything about everything small" - Warren Buffett
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