Palais Capital Management, LLC is a Bay Area-based investment firm managing a concentrated long/short equity fund through an incubator structure. We focus on large, public companies with strong fundamentals, durable cash flows, and long-term growth potential. Our goal is to deliver superior, risk-adjusted returns by identifying mispriced equities through deep fundamental research and disciplined capital allocation. We maintain a flexible approach, using short positions and selective options strategies to hedge risk and enhance performance, while emphasizing simplicity, focus, and long-term value creation.

We invest in undervalued, high-quality businesses with strong cash generation, low leverage, and clear competitive advantages. Our long-biased portfolio reflects our highest conviction ideas, typically holding 3 to 20 positions for three to five years. Short positions are used selectively in overvalued companies with weakening fundamentals. Valuation discipline and risk management are core to our process, with careful attention to entry points, position sizing, and downside protection through optionality and ongoing due diligence.

Disclaimer: Any and all content on our page is provided on an “as is” basis, for general information only. As such, it has not been audited or verified by any third party and is subject to change at any time, without notice. It does not amount to or constitute advice on which individuals should rely. We expressly note that our site and any information contained herein is not, and must not be treated as, investment advice, investment recommendations, or investment research and no person must take (or refrain from taking) any investment decision on the basis of the information set out on this page. Prior to making any investment decision, you should seek independent investment, legal, tax, accounting or other professional advice as appropriate. 
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