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Rivulet Capital, LLC
Barry Lebovits · Hedge Fund · Long/Short Equity
Rivulet Capital, LLC is a private investment management firm headquartered in Summit, New Jersey, with an additional office in New York. Founded in 2011 by Barry Lebovits and Joshua Kuntz, former portfolio managers at O.S.S. Capital Management, the firm specializes in a concentrated long/short equity strategy. It focuses on achieving long-term capital appreciation by investing in public equities primarily across North America and Western Europe. Rivulet is known for its rigorous, research-driven bottom-up approach, serving institutional clients and high-net-worth individuals through a family of private investment funds.
Simulated Performance
| Metric | Value |
|---|---|
| Total return | -9.7% |
| YTD return | -10.1% |
| Sharpe ratio | -3.47 |
| Win rate | 20% |
| AUM | $0.0B |
| Inception | Oct 1, 2025 |
| Updated | Sep 18, 2026 |
Institution Status
| Field | Value |
|---|---|
| AUM | $0.0B |
| Turnover | Low (<15%) |
| Avg holding | 18 Months |
| Inception | Oct 1, 2025 |
| Website | https://www.rivuletcap.com |
Current Holdings
Updated on Sep 18, 2026.
| Ticker | Name | Portfolio % | Return |
|---|---|---|---|
| DHR | Danaher Corporation | 15.8% | -0.4% |
| MIDD | Middleby Corp | 10.5% | -16.2% |
| SGI | Somnigroup International Inc. | 9.1% | -23.7% |
| SBAC | SBA Communications Corp | 7.9% | -6.4% |
| LDGYY | Landis+Gyr Group AG | 7.5% | 0.0% |
| WDAY | Workday Inc | 7.4% | -16.5% |
| MA | Mastercard Inc | 7.3% | -1.2% |
| LSTR | Landstar System Inc | 6.8% | +42.3% |
| COO | The Cooper Companies, Inc | 5.5% | -18.8% |
| CCC | CCC Intelligent Solutions Holdings Inc. | 5.0% | -27.2% |
| PTC | PTC Inc | 4.6% | -32.9% |
| SSD | Simpson Manufacturing Company Inc | 4.4% | +2.7% |
| FIS | Fidelity National Information Services Inc | 3.7% | -46.1% |
| NICE | Nice Ltd ADR | 3.4% | -24.6% |
| RUSHA | Rush Enterprises A Inc | 1.1% | +109.5% |
Recent activity
| Date | Action | Ticker | Weight |
|---|---|---|---|
| Oct 1, 2025 | BUY | MIDD | 0.0% → 9.6% |
| Oct 1, 2025 | BUY | WDAY | 0.0% → 9.1% |
| Oct 1, 2025 | BUY | SGI | 0.0% → 8.4% |
| Oct 1, 2025 | BUY | SBAC | 0.0% → 8.1% |
| Oct 1, 2025 | BUY | DHR | 0.0% → 14.3% |
Investment Style Analysis
Rivulet Capital, LLC is widely recognized for employing a Long/Short Equity strategy. As of Sep 18, 2026, the firm oversees approximately $0.0B in assets under management (AUM). The portfolio demonstrates a clear preference for the Software - Application and Diagnostics & Research sectors, reflecting a high-conviction approach to capital allocation.
Recent Market Moves
During the latest rebalancing period ending Oct 1, Rivulet Capital, LLC made a significant move by increasing exposure to MIDD. This adjustment aligns with the fund's dynamic approach to risk management and capital deployment in current market conditions.
Investment Philosophy
Rivulet Capital’s investment philosophy is rooted in fundamental, bottom-up research to identify misunderstood companies with significant potential for long-term capital appreciation. The firm maintains a concentrated portfolio of high-conviction long and short positions, primarily focusing on mid-cap stocks in North America and Western Europe. Rivulet seeks businesses with durable competitive advantages, strong management, and attractive growth prospects. Short positions are utilized not only for risk management but also to generate alpha. This research-intensive strategy aims to achieve superior risk-adjusted returns by investing in companies whose intrinsic value is not fully recognized by the market.
Disclaimer
The content provided on this page, including the simulated portfolio performance, holdings analysis, and AI-generated insights, is for informational and educational purposes only. It does not constitute financial advice, investment recommendations, or an offer to buy or sell any securities. All data is derived from historical SEC 13F filings and other public disclosures, which have a reporting lag. The "Simulated Performance" is a hypothetical reconstruction based on past disclosures and does not represent the actual returns of the institution. Past performance is not indicative of future results. Tritonix.ai is not affiliated with Rivulet Capital, LLC.
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Frequently asked questions
How is the simulated portfolio for Rivulet Capital, LLC constructed?
This simulation is powered by Tritonix AI using official SEC filings. We focus on the "Best Ideas" by filtering for only the Top 20 largest holdings and rebalancing them to 100%. The simulation tracks performance starting from Oct 1, 2025. Our AI monitors for updates every Monday to capture major shifts. This concentrated approach highlights the manager's true stock-picking skill and mirrors their actual investment returns.
What is Rivulet Capital, LLC's largest holding?
As of the latest filing, Rivulet Capital, LLC's top position is Danaher Corporation (DHR), representing 15.8% of the portfolio. This reflects a high-conviction bet by the institution.
What is Rivulet Capital, LLC's historical performance and risk profile?
Our simulation indicates a total return of -9.7% with a win rate of 20%. Notably, the portfolio maintains a Sharpe Ratio of -3.47, suggesting an standard level of risk-adjusted returns compared to the broader market.
What sectors does Rivulet Capital, LLC primarily invest in?
Rivulet Capital, LLC has a strong preference for the Software - Application sector, which makes up 20.4% of their disclosed assets. The portfolio also has exposure to Diagnostics & Research, indicating a specific thematic focus.
Is Rivulet Capital, LLC's portfolio concentrated or diversified?
Rivulet Capital, LLC runs a highly concentrated portfolio with 15 disclosed positions. The top 3 holdings alone account for 35.4% of the total portfolio weight, suggesting a strategy that favors deep research into a few key names.
How has Rivulet Capital, LLC performed in 2026?
Our AI-simulated model portfolio for Rivulet Capital, LLC tracks a Year-to-Date (YTD) return of -10.1%. This metric helps investors gauge the institution's effectiveness in the current market environment.
Does Barry Lebovits manage Rivulet Capital, LLC directly?
Yes, Barry Lebovits serves as the key portfolio manager for Rivulet Capital, LLC, overseeing the investment strategy and final capital allocation decisions.