Selected Quarterly & Annual Newsletters from Funds, Fund Newsletters

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Selected Quarterly & Annual Newsletters from Funds

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<ul><li>Long Cast Advisers, LLC, is an independent registered investment adviser investing on behalf of individuals, family offices and endowments. It is concentrated on long-term investing, focused on small-cap companies.</li><li>For the 3Q22 quarter (ended Sept 30, 2022), cumulative net returns increased 14%. YTD returns are down 16%.</li><li>Since inception in November 2015 through quarter end 3Q22, LCA has returned a cumulative 130% net of fees, or 13% CAGR.</li><li>I continue the effort to upgrade our portfolio by consolidating around whatI believe will be the highest IRR ideas.</li></ul>

Long Cast Advisers, LLC, is an independent registered investment adviser investing on behalf of individuals, family offices and endowments. It is concentrated on long-term investing, focused on small-cap companies.For the 3Q22 quarter (ended Sept 30, 2022), cumulative net returns increased 14%. YTD returns are down 16%.Since inception in November 2015 through quarter end 3Q22, LCA has returned a cumulative 130% net of fees, or 13% CAGR.I continue the effort to upgrade our portfolio by consolidating around whatI believe will be the highest IRR ideas.

United States

Aris Water Solutions Inc provides full-water handling and recycling solutions. The Company develops and operates produced water infrastructure and recycling for the operators in the permian Basin. Aris Water Solutions serves customers in the United States.

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Aris Water Solutions (ARIS US)

Long Cast Advisers Q3 2022 Letter

Long Cast Advisers, LLC, is an independent registered investment adviser investing on behalf of individuals, family offices and endowments. It is...

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