Mittleman Value Partners

Mittleman Value Partners

Mittleman Value Partners was established by Philip Mittleman in Mamaroneck, New York, continuing an investment discipline his father, Robert Mittleman, practiced at Mittleman Brothers. The firm runs a concentrated, benchmark-agnostic public equities portfolio for a small base of high-net-worth and family-office clients. The strategy targets underfollowed, deeply undervalued mid-cap public companies where the firm believes intrinsic value will compound over multi-year holding periods. The portfolio is deliberately narrow — typically fewer than 20 positions — and carries no market-cap or sector mandate beyond value. Historically reported holdings have included complex, misunderstood businesses across media, business services, and industrial sectors. Geographic focus is primarily North American public markets. Philip Mittleman is the sole named portfolio manager, maintaining an investment process that mirrors single-family-office discipline: permanent capital time horizons, minimal turnover, and a willingness to hold positions through illiquidity or restructuring events. The firm has not publicly disclosed AUM or team headcount. In 2015, the firm filed for the Gadsden ETF, a proposed actively managed ETF, though the vehicle was withdrawn before launch (per SEC records, 2015). Mittleman Value Partners functions as a rare public-markets specialist structured more like an investment partnership than a traditional RIA. Unlike multi-strategy allocators that blend private deals, the firm stays exclusively within listed equities, offering a pure-play on deep-value public-market investing for allocators who would otherwise access that style only through a single-family office's in-house desk.