Our borderless approach to stock-picking unearths unique investments to deliver strong, long-term results for our clients
year investment track record
countries represented across our investment portfolios
years of Partners’ combined investment experience
Apis Capital Advisors, LLC is a privately-owned investment advisory firm, driven by performance and guided by deep experience across global equity markets
As a boutique manager, our approach to investing is based on our ability to "connect the dots" across borders and leverage our experience around the world, employ our extensive international network and produce an eclectic, global portfolio of companies for our clients
Kowloon, Hong Kong
Cosmo Pharmaceuticals N.V., a specialty pharmaceutical company, develops, manufactures, and distributes products for gastroenterology and endoscopy worldwide.
Seoul, South Korea
Fila Korea Ltd. imports and wholesales a variety of textile and apparel products. The Company's products include men's, women's, and children's activewear, sportswear, undergarment, and footwear.
Que Vo, Vietnam
KinhBac City Development Holding Corporation invests, constructs, and trades in real estate properties in Vietnam. The company develops industrial parks, urban areas, hotels, and commercial centers, as well as finance, banking, mineral exploitation, energy, and education facilities. It also leases land with infrastructure; and buys and leases factory and office facilities, business industrial parks, and urban areas.
London, United Kingdom
Royal Mail plc provides postal and delivery services. The company offers its services in the United Kingdom as well as parts of continental Europe.
Singapore Post Limited is the national postal service provider in Singapore. The company provides domestic and international postal and courier services including end-to-end integrated mail solutions covering data printing, letter-shopping, delivery and mailroom management, and others. Singapore Post also offers end-to-end e-commerce logistics solutions.
Taipei City, Taiwan
Holy Stone Enterprise Company Limited manufactures and sells multilayer ceramic capacitors, integrated circuits (ICs), system modules and other electronic components. Its main products include active components, passive components, system components and capacitors, ICs, microcontrollers, fan motors, filters and batteries. The Company mainly conducts its business in Mainland China, Taiwan, European and American markets.
Evolution Gaming Group AB develops, produces, markets, and licenses live casino solutions to sportsbook operators, online gaming operators, and land-based casinos in Europe and Canada. The company runs the game from a casino table which is streamed in real time and end users make betting decisions on their devices, such as desktops, smartphones, tablets, etc. It also runs on-premise studios at land-based casinos in Belgium, Italy, Romania, the United Kingdom, and Spain.
Montreal, Quebec, Canada
Theratechnologies is a specialty pharmaceutical company addressing unmet medical needs to promote healthy living and an improved quality of life among HIV patients.
East Rutherford, NJ, USA
Cambrex Corporation, a life sciences company, provides various products and services for the development and commercialization of new and generic therapeutics worldwide. Its products comprise active pharmaceutical ingredients and pharmaceutical intermediates that are used in the production of prescription and over-the-counter drug products, as well as other fine chemicals. The company serves generic drug companies; and companies that discover and commercialize small molecule human therapeutics.
North Canton, OH, USA
Diebold Nixdorf is an American financial self-service, security and services corporation, internationally engaged primarily in the sale, manufacture, installation and service of physical security products (including vaults and currency processing systems), and software and related services for global financial, retail, and commercial markets.
Société BIC SA manufactures and sells stationery, lighter, shaver, and other products in France, Europe, North America, and internationally.
Golar LNG Limited, a midstream liquefied natural gas (LNG) company, engages in the transportation, regasification, and liquefaction of LNG. It operates through three segments: Vessel operations, Floating Liquefaction Natural Gas Vessel (FLNG), and Power. The company engages in the acquisition, ownership, operation, and chartering of LNG carriers and floating storage regasification units (FSRUs); and the development of LNG projects.
RHI Magnesita N.V. produces and sells refractory products used in high-temperature industrial processes worldwide. The company operates through Steel, Industrial, and Raw Materials segments.
Zhubei City, Taiwan
Silicon Motion Technology Corporation is a semiconductor company that designs, develops, and markets semiconductor products for the multimedia consumer electronics market. The company's products include controllers used in mobile storage media and multimedia systems on a chip.
Mt. Weld, Western Australia
Lynas Corporation Limited, together with its subsidiaries, engages in the exploration, development, mining, and processing of rare earth minerals in Australia and Malaysia.
Indianapolis, IN, USA
Celadon Group, Inc., through its subsidiaries, provides transportation services between the United States, Canada, and Mexico. It operates through three segments: Asset-Based, Asset-Light, and Equipment Leasing and Services.
Seoul, South Korea
Koh Young Technology Inc. develops, manufactures, sells, and services 3D measurement-based inspection equipment and solutions worldwide. Its products include solder paste, automated optical, semiconductor, and machining optical inspection equipment.
Chicago, IL, USA
Professional Diversity Network, Inc. operates online professional networking communities with career resources in the United States. The company operates through three segments: Professional Diversity Network, National Association of Professional Women, and Noble Voice Operations.
Quintis Ltd. engages in plantation management, finance, and sandalwood products businesses. The company is involved in the management and operation of forestry plantations; cultivation and sale of agriculture produce; provision of finance to growers to purchase sandalwood lots; and production and sale of sandalwood oil and related products. It also promotes and sells Indian sandalwood lots to investors and growers.
The Apis team is comprised of passionate investors and explorers in pursuit of great ideas around the world.
We also strive to provide a first-class client experience for all those invested with us.
Daniel Barker, CFAManaging Partner & Portfolio Manager
Eric Almeraz, CFAManaging Partner & Director of Research
Richard YunChief Financial Officer & Chief Compliance Officer
Will DombrowskiDirector of Marketing & Client Relations
Robert Lowy III, MDResearch Analyst
Matt Bendixen, CFAResearch Analyst
Danielle McKenna, CFAResearch Analyst
John Mucher, CFAResearch Analyst
Dan is a Managing Partner, Founder and Chief Investment Officer of Apis Capital Advisors, and serves as the Portfolio Manager for the Apis Capital Flagship and the Deep Value Funds. He splits his time between our Minneapolis and New York offices. Prior to founding Apis Capital in 2004, Dan was a Managing Director at J&W Seligman & Company, New York, New York, where he was a Portfolio Manager for the Seligman Emerging Markets Fund. He also assumed management responsibilities of the Global Smaller Companies Fund in April 2003.
Prior to J&W Seligman & Company, Dan worked for General Electric (“GE”) Investments in Stamford, Connecticut and London, England from 1994 through 1999. While at GE Investments, he was a Vice President and worked as a European Equity Analyst and Portfolio Manager for both emerging markets and international small-cap funds. From 1990 through 1993, Dan also worked in Corporate Finance for GE Information Services in Rockville, Maryland and London, England.
Dan received a B.B.A. in Finance from the University of Wisconsin and is a CFA charterholder since 1996.
Eric is a Managing Partner and Founder of Apis Capital Advisors and serves as its Director of Research in our New York office. Prior to co-founding Apis Capital in 2004, he worked at J&W Seligman & Company as a Global Research Analyst covering the Industrial sector from July 2002. Eric provided investment research support with global portfolios in emerging markets as well as large- and small-cap equities. From 1997 through 2000, he worked at The Capital Group Companies, Inc. as an Equity Research Associate, responsible for Industrials, Chemicals, and Travel & Leisure industries.
Eric received his M.B.A. from Columbia Business School and his B.S. degree in Accounting and Finance from The Leonard N. Stern School of Business at New York University. He has also served as an Adjunct Professor at Columbia Business School since 2013, teaching the “Applied Value Investing” course. Eric is a CFA charterholder since 2000.
Richard is the Chief Financial Officer and Chief Compliance Officer for Apis Capital Advisors. Based in our New York office, he has served as the Chief Financial Officer since 2011 and Chief Compliance Officer since 2014. Richard has been with the firm since July 2006 and previously worked as a Trader. Prior to joining Apis, he worked at Clinton Group Inc. in New York, a multi-strategy hedge fund. From 2001 to 2006, Richard held a variety of roles in the operations, risk management and trading areas.
Richard received his M.B.A. from The Leonard N. Stern School of Business at New York University and his B.S. degree in Industrial and Labor Relations from Cornell University.
Will is the Director of Marketing & Client Relations for Apis Capital Advisors and is based in our New York office. Prior to joining Apis, he served as Co-Head of Marketing & Investor Relations at Kerrisdale Capital Management, a global long/short equity hedge fund. Will spent most of his career at Deutsche Bank, where he helped launch the inaugural Hedge Fund Relationship Management effort and served as a member of the Global Prime Finance Sales & Capital Introduction teams. During his tenure, he worked with several of the firm’s most important hedge fund client and institutional investor relationships.
Will received his Master of Science (M.Sc.) degree in International Securities, Investment, and Banking from The ICMA Centre – Henley School of Business at The University of Reading, UK and his B.S. in Economics & Finance from Boston College. He is also a graduate of the General Course program at The London School of Economics & Political Science, where he studied International Economics & Economic History.
Robert is an Analyst in our Minneapolis office and specializes in the Healthcare sector, with a focus on small- and mid-cap biotech and pharmaceutical companies. Prior to joining Apis, Robert worked in the Department of Cardiothoracic Surgery at the University of Minnesota where he authored an original study on the use of ventricular assist devices in cardiogenic shock. Additionally, throughout his academic career he has been a researcher in the Department of Interventional Neuroradiology at Johns Hopkins Hospital and in the field of Materials Chemistry at the University of Minnesota.
Robert received his M.D. from the University of Minnesota Medical School as well as a Master of Public Administration (M.P.A.) degree and B.A. in International Relations from the University of Southern California. He is also a Level II Candidate in the CFA Program.
Matt is an Analyst in our Minneapolis office, serving as a sector generalist. Prior to Apis, Matt worked as a Treasury Manager at H.B. Fuller, a global manufacturer of adhesives, where he was responsible for mergers & acquisitions, foreign currency hedging, and competitive intelligence. From 2008 to 2013, Matt was a Senior Equity Research Analyst at Craig-Hallum Capital Group, a Minneapolis based broker-dealer, covering the small-cap Consumer sector as well as special situations. Previously, Matt worked as a Hedge Fund Research Analyst at investment consulting firm Jeffrey Slocum & Associates (now Pavilion Financial).
Matt received his B.S. in Finance from the University of Minnesota’s Carlson School of Management and is a CFA charterholder since 2010.
Danielle is an Analyst in our New York office, serving as a sector generalist. Prior to Apis, Danielle worked as an Equity Research Associate at Axiom Investors, covering primarily small- and micro-cap companies. From 2014 to 2015, she also worked as an Operations Associate at Axiom Investors, before transitioning to a investment research position. Prior to Axiom, Danielle was part of the Risk Management Program at GE Capital in both Stamford, CT and Chicago, IL.
Danielle graduated summa cum laude from Bucknell University, where she received a B.A. in Economics, and is a CFA charterholder since 2017.
John is an Analyst in our New York office, serving as a sector generalist. Prior to Apis, John worked as an Equity Research Associate at Stifel Financial, covering primarily small- and mid-cap companies across the Technology supply chain. From 2014 to 2016, John was a Management Consultant at Capgemini based in New York, where he worked on a variety of client engagements primarily in the Financial Services and Insurance industries.
John received his M.B.A. and B.S. in Finance from Loyola University Maryland’s Sellinger School of Business. He is also a CFA charterholder since 2018.
Michael is a Trader and Operations Associate based in our New York office. Prior to joining Apis, he served as a Middle Office Specialist at KLS Diversified Asset Management, a relative value, fixed income investment firm with over $3 billion of client assets. Previously, Michael worked as a Swaps Analyst for Och-Ziff Capital Management, a globally diversified multi-strategy hedge fund manager with more than $30 billion in total assets under management.
Michael received his B.A. in Economics from Rutgers University.