Aventine Capital Management

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Investment Philosophy

Aventine Capital is an independent investment manager focused on global public equities. We invest in cost-advantaged businesses where improved capital allocation can unlock long-term shareholder value. Our focus is on non-U.S. markets where such opportunities are most prevalent.

We believe superior returns are achieved through patient ownership of enduring businesses acquired at attractive valuations. We seek partners who share the view that risk is defined by the price paid—and that compelling opportunities often emerge when others are forced or irrational sellers.

Philip Berkman is the Founder and Managing Member of Aventine Capital Management. From 2016 to 2025, he was a Senior Analyst and Partner at Kinney Asset Management in Chicago, investing in global small- and mid-cap equities.

Previously, he was a member of the investment teams at The Xander Group in Singapore and the Penn Office of Investments in Philadelphia. He began his career at Marshall Wace in London in 2008.

Quarterly Commentary

Access to investor materials is restricted to accredited investors. To request our letters or be added to the quarterly distribution, please get in touch.

2026

Price moves more than value

Q1 2026

2025

The Greater-Fool Game

Q4 2025

What’s Not Going to Change / Alight Inc

Q3 2025

Thinking, Fast and Slow

Q2 2025

The Most Unloved Stocks in the World

Q1 2025

2024

Indexed & Correlated / Vistry Group

Q4 2024

What We Own and Why / TT Electronics

Q3 2024

And We’re Off

Q2 2024 — Inaugural Letter

Contact

We welcome inquiries from investors interested in learning more about Aventine Capital Management.

Phone

310.896.5556

Office

10880 Wilshire Blvd, Suite 1101
Los Angeles, CA 90024

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