Our borderless approach to stock-picking unearths unique investments to deliver strong, long-term results for our clients
years 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
The Company engineers and manufactures metal organic chemical vapor deposition (MOCVD) equipment for the semiconductor industry.
Slough, United Kingdom
Indivior PLC is a global pharmaceutical company engaged in the development and production of treatments for substance use disorders and other serious mental illnesses.
The Company develops and sells entertainment software for online gaming and home video game consoles.
Houston, Texas, USA
Vertex Energy, Inc. is an environmental services company, providing a range of services designed to aggregate, process, and recycle industrial and commercial waste systems.
The Company designs, builds, owns, and operates marine infrastructure for the liquefaction and regasification of liquefied natural gas (LNG).
Houston, Texas, USA
NextTier provides oilfield services, including drilling and other related solutions such as developing, delivering, management, and engineering activities.
London, United Kingdom
The Company is a British-based independent upstream oil and gas company with production operations centered on the North Sea.
Belo Horizonte, Brazil
Verde AgriTech is an agriculture-technology company, producing solutions for crop nutrition, crop protection, and soil improvement.
The Company is engaged in the manufacturing and sales of industrial precious metal products.
Beenos engages in the electronic commerce business, operating through its Electronic Commerce and Incubation segments.
Hirano Tecseed is primarily engaged in the manufacture and sale of coating machines-related and chemical machines-related equipment, among others.
The Company designs and manufactures integrated circuits (ICs), semiconductors, and other electronic components.
Ushio produces and sells light application products, industrial equipment, and other products in Asia, Europe, and North America.
The Company engages in the production and sale of synthetic rubbers and specialty plastics.
IMDEX provides provision of mining equipment, technology, and services. It operates through its AMC and REFLEX brands.
Santa Monica, California, USA
Opiant is a specialty pharmaceutical company with a mission to create best-in-class medicines for the treatment of addictions and drug overdose.
Taoyuan City, Taiwan
The Company is a world leading manufacturer of complete electronic test and measurement solutions for commercial, automotive, military and government industries.
Ferrotec Holdings is primarily engaged in the semiconductor equipment related business, the solar cell related business and the electronic devices business.
Changwon, South Korea
HSD Engine manufactures and sells diesel engines worldwide. The company provides low and medium speed marine diesel engines for ocean-going vessels; and diesel engines for electric power generation.
The Company is a supplier of equipment and process solutions for the semiconductor industry and related markets.
CD Projekt S.A. engages in the development and digital distribution of videogames for personal computers and video game consoles worldwide.
Gaithersburg, Maryland, USA
MaxCyte, Inc. provides laboratory testing and research services. The Company offers processing assemblies, protein production, cell analysis, and antibodies research services.
Fairmont, West Virginia, USA
MVB Financial Corporation is a bank holding company. The Company operates banks in parts of West Virginia and offers a range of financial products and services.
Redwood City, California, USA
Nevro Corp. operates as a medical device company focused on providing products for patients suffering from debilitating chronic pain.
Yamashin Filter Corporation is a filter manufacturing and selling company. The Company focuses on filters for construction and agricultural machines, drive-train, fuel systems, and other filter-related products for industrial and precision machines.
Leawood, Kansas, USA
The Company, through its subsidiaries, provides theatrical exhibition, movie screening, food distribution, online ticket booking, and other related services. AMC Entertainment offers movie theaters worldwide.
Cary, North Carolina, USA
Cornerstone Building Brands, together with its subsidiaries, designs, manufactures and installs external building products for the commercial, residential, and repair and remodel markets globally.
Johannesburg, South Africa
Impala Platinum Holdings Limited or Implats is a South African holding company that owns several companies which operate mines that produce platinum and platinum group metals, as well as nickel, copper and cobalt.
Seoul, South Korea
Gravity is a gaming corporation primarily known for the development of the massively multiplayer online role-playing game Ragnarök Online.
Maire Tecnimont SpA has multiple operating companies in the engineering, technology and energy sectors. It deals in plant engineering in oil and gas, chemicals and petrochemicals, in green chemistry and in technology supporting energy transition.
Seongnam-si, South Korea
Neowiz engages in the development and publishing of online and mobile game contents. Its products include online, web board, and smart phone games.
Sylvania Platinum Limited engages in the retreatment of platinum group metals (PGM) bearing chrome tailings materials in South Africa and Mauritius. The company produces PGMs, such as platinum, palladium, and rhodium.
Betterware de Mexico, SAB de CV operates as a direct-to-consumer company in Mexico. The company focuses on the home organization segment with a product portfolio including home organization, kitchen preparation, food containers, technology and mobility, and others.
Cast SA engages in providing software solutions. The company's activities include capturing and quantifying the reliability, security, complexity, and size of business applications. It also introduces fact-based transparency into software asset management, application development and maintenance.
LiveChat Software SA engages in the development and sale of software solutions for online businesses. It provides online customer service tools such as live support, instant messaging, and chat software.
Okinawa Electric Power Co. engages in the power distribution business.
Siemens Gamesa Renewable Energy SA engages in the provision of renewable energy services. It operates through the Wind Turbine and Operations Maintenance segments. Its products and services include onshore and offshore wind turbines and service wind.
Nantou City, Taiwan
Swancor Holding is engaged in the provision of environmental protection and corrosion resistant materials, wind power blade materials such as infusion resins, mold resins, adhesives and prepreg resins for wind turbine blade beams, as well as composite materials such as environmentally friendly resins, rail transit safety materials and epoxy resins.
Chugoku Electric Power Co. engages in the generation, transmission, and distribution of electric power.
Hokuriku Electric Power Co. engages in the supply of electricity through integrated power generation, transmission, and distribution systems.
Sif Holding NV engages in the manufacturing of metal structures, parts of metal structures, pipes, pipe structures, components for the offshore industry and foundation piles for offshore wind farms.
Endor AG engages in the development and sale of gaming devices and accessories. Its products include gaming steering wheels, controllers, and hardware for game consoles and personal computers.
Guillemot Corporation engages in the manufacture and design of entertainment hardware and accessories. It operates through Hercules, Thrustmaster, and DJUCED business brands.
Norcross, GA, USA
Intelligent Systems Corporation, through its subsidiary, CoreCard Software, Inc., provides technology solutions and processing services to the financial technology and services market in the United States and European Union. CoreCard provides prepaid and credit card processing services using its proprietary software solutions that it also licenses to others.
Ta' Xbiex, Malta
Kambi Group plc operates as a business-to-business provider of sports betting services and is publicly listed in Stockholm. The Company offers a software platform with front-end user interface, odds compiling, customer intelligence, and risk management. Kambi Group serves gaming operators globally.
Encavis AG provides electricity generation from power plants. The Company produces & sells electric power primarily from renewable solar energy plants, as well as specializes in the technical operation of solar parks, routine maintenance, monitoring, incident management, and performance analysis. Encavis serves the renewable energy sector in Europe.
Gaztransport & Technigaz is an engineering company. The company earns royalties on cargo containment systems for liquefied natural gas carriers and land storage of liquefied natural gas.
Nexon Co., Ltd. is a South Korean company (headquartered and listed in Japan) which develops and services, online games for PC and mobile devices. The Company also offers consulting services related to online-games.
7C Solarparken AG provides energy solutions. The Company designs, develops, and operates solar power energy systems. 7C Solarparken serves customers in Germany.
Sinbon Electronics Co., Ltd. markets cable, connectors, and modems. The Company exports its products mainly to other Asian countries, America, and Europe.
Solaria Energía y Medio Ambiente SA provides solar power generation solutions. The Company generates and sells energy from solar power panels. Solaria Energía y Medio Ambiente serves customers in the European Union and Latin America.
Dallas, TX, USA
Texas Pacific Land Trust was formed in 1888 and today, the Trust is one of the largest landowners in the State of Texas operating an oil and water royalty business focused in the Permian basin.
Gyeonggi-do, South Korea
Tokai Carbon Korea Co., Ltd. produces silicon carbide products used in semiconductor wafer production and silicon single crystal puller parts. The Company also produces carbon products used in rubber parts for machineries.
West Holdings Corporation, through its subsidiaries, is engaged in solar energy solutions for solar power generation plants, individual customers, and corporate, local government, and rental management company owners.
San Antonio, TX, USA
XPEL, Inc. develops and manufactures automotive protection products. The Company offers window and cut-to-fit protective film for the painted surfaces of automobiles, as well as provides design access program software. XPEL serves customers worldwide.
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
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.
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 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.