ALVA CAPITAL MANAGEMENT

ALVA CAPITAL MANAGEMENT

Alva Capital Management was founded in 1997 by Thomas L. Kempner and J. Hiram Moore in New York. Kempner previously served as a general partner at Omega Advisors, while Moore's background traces to Tiger Management, embedding the firm with the analytical rigor of the Julian Robertson lineage. The firm operates as an employee-owned registered investment adviser. Alva runs a long/short equity strategy concentrated in technology, healthcare, and digital infrastructure. The portfolio typically holds 15–25 core names, with position sizing reflecting deep fundamental research rather than index-weight considerations. The firm invests across the market-cap spectrum in North America and developed Europe, with a public-equity track record spanning more than two decades. Alva has held positions in companies including Mastercard, Microsoft, and Salesforce over different market cycles. The firm maintains a deliberately lean team structure in New York, with the three named managing partners — Kempner, Moore, and David J. Wermuth — directly involved in research and portfolio construction. The firm does not operate adjacent credit vehicles, separate private funds, or a multi-family office arm. Recent regulatory filings indicate continued concentration in public technology and payments exposure. Alva's structural differentiator is its adherence to the Tiger Cub model of deep company-level research married with a partnership platform that does not scale headcount to chase asset growth. The firm has intentionally avoided product proliferation — no ETF launches, no expansion into private markets, and no sub-advisory relationships — preserving a single mandate across decades.