About
Clear Waters Capital is a quiet, long-term investment partnership focused on structurally advantaged businesses in China and Hong Kong. We study geopolitics, industry structure, psychology, and management behaviour to understand how a business compounds over time.
We manage a concentrated portfolio and view the partnership as the primary vehicle for compounding our own capital alongside a small group of like-minded investors.
Investment Philosophy
We invest in a small number of businesses with durable economics, simple value propositions, and rational capital allocation. The portfolio typically holds 8–10 positions; we prefer depth of understanding over breadth of exposure.
Our orientation is long-cycle. We think in years rather than quarters and accept volatility as the cost of compounding, provided intrinsic value remains intact.
We aim to communicate clearly — sharing our market commentary and letting the results of our performance speak for itself over time.
01
Durable economics
Simple value propositions, rational capital allocation and structural advantages that compound.
02
Concentration
Eight to ten positions. Depth of understanding over breadth of exposure.
03
Long cycle
Years, not quarters. Volatility is the cost of compounding while intrinsic value holds.
Read how we think in our investor letters and research.
Contact
We're a small partnership and read every message. If you'd like to learn more about the partnership or our research, write to us.
info@clearwaterscapital.com
Existing clients can sign in through the client portal.
Disclosure
Clear Waters Capital LP may hold positions in securities mentioned in this website. This document is for informational purposes only and does not constitute investment advice, a solicitation, or an offer to buy or sell any security. All opinions are those of Clear Waters Capital LP and are subject to change without notice. Past performance is not indicative of future results. Investing involves risk, including the possible loss of principal.