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
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
Johannesburg, South Africa
Seoul, South Korea
Seongnam-si, South Korea
Nantou City, Taiwan
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.
Charlotte, NC, USA
Albemarle Corporation produces specialty chemicals and offers plastics, polymers, and elastomers, as well as cleaning products, agricultural compounds, pharmaceuticals, photographic chemicals, drilling compounds, and biocides. The Company focuses on lithium, bromine, refining catalysts, and applied surface treatment.
Croydon, United Kingdom
The Gym Group plc is a nationwide operator of low cost, 24/7 gyms. The Company's sites throughout the United Kingdom offer equipment for solo use, as well as a variety of classes to members.
London, United Kingdom
Pearson plc provides education products and services to institutions, governments, and individual learners in various countries. The Company offers test development, processing, and scoring services and a range of education services including teacher development, educational software, and system-wide solutions, as well as owns and operates schools.
Through its subsidiaries, Tinexta provides risk monitoring, market analysis, credit assessment, electronic archiving, digital signature, electronic invoicing, marketing, and information technology services.
London, United Kingdom
Boku, Inc. provides mobile billing and payment solutions for mobile network operators and merchants. The company's solutions enable consumers to make online payments using their mobile devices. It offers payment solutions that delivers mobile payment acceptance across carrier billing and mobile wallets for consumers.
Goleta, CA, USA
Inogen, Inc. is a medical technology company which primarily develops, manufactures, and markets portable oxygen concentrators for patients, physicians and other clinicians, and third-party payors in the United States and internationally.
Dallas, TX, USA
Match Group, Inc. provides dating products worldwide. It operates a portfolio of brands, including Tinder, Match, PlentyOfFish, Meetic, OkCupid, OurTime, Pairs, and Hinge, as well as other brands. The company operates as a subsidiary of IAC/InterActiveCorp.
Momo Inc. operates as a mobile-based social networking platform in the People’s Republic of China. The Company enables users to establish and expand social relationships based on location and interests.
Yunlin County, Taiwan
Sunny Friend Environmental Technology Co., Ltd. is an industrial infectious waste disposal company. The Company provides industrial waste clearance and disposal, landfill and incineration services, biomedical waste treatment and environmental law consulting.
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.