Here’s Why Ace River Capital Decided to Sell MarineMax (HZO)

分组1 - Ace River Capital reported a Q4 2025 return of -4.55%, underperforming the S&P 500's +2.7% and the Russell 2000's +2.2% [1] - For the full year 2025, the Fund delivered -21.95%, while the S&P 500 and Russell 2000 returned +18.0% and +12.8%, respectively [1] - The unfavorable outcomes were attributed to valuation pressures and unique events [1] 分组2 - MarineMax, Inc. (NYSE:HZO) is highlighted as a recreational boat and yacht retailer with a market capitalization of $654.434 million [2] - As of February 9, 2026, MarineMax's stock closed at $29.71, with a one-month return of 8.83% and a twelve-month decline of 2.84% [2] - Ace River Capital views MarineMax as an attractive long-term asset owner but opted to sell in-the-money covered calls due to the cyclical nature of the retail boating business [3] 分组3 - MarineMax, Inc. is not among the 30 most popular stocks among hedge funds, with 19 hedge fund portfolios holding the stock at the end of Q3 2025, an increase from 17 in the previous quarter [5] - While MarineMax has investment potential, the company believes certain AI stocks present greater upside potential and lower downside risk [5]