Ace River Capital: Vox Royalty Corp. (VOXR) Delivered 160% Since Initial Purchase

Core Insights - Ace River Capital's Fund returned -4.55% in Q4 2025, underperforming the S&P 500's +2.7% and the Russell 2000's +2.2% [1] - For the full year, the Fund delivered -21.95%, while the S&P 500 and Russell 2000 returned +18.0% and +12.8%, respectively [1] - The unfavorable performance was attributed to valuation pressures and unique events [1] Company Highlights - Vox Royalty Corp. (NASDAQ:VOXR) is a mining royalty company based in Westminster, Colorado, with a market capitalization of $364.943 million [2] - As of February 9, 2026, Vox Royalty Corp. stock closed at $5.29 per share, with a one-month return of 8.18% and a twelve-month increase of 116.80% [2] - Since initiating a position in Q4 2023, Vox Royalty Corp. has become the Fund's largest holding, returning approximately 160% [3] Market Context - Gold prices are reaching record highs, driven by inflation concerns, geopolitical instability, and inconsistent trade and fiscal policy [3] - Vox Royalty Corp. is not among the 30 most popular stocks among hedge funds, with 12 hedge fund portfolios holding the stock at the end of Q3, up from 9 in the previous quarter [4] - While Vox Royalty Corp. shows potential, certain AI stocks are considered to offer greater upside potential with less downside risk [4]