Oxwater Partners LP (the "Fund") seeks to maximize its compound annual growth rate in net asset value per share by establishing concentrated, long-term investments in high-quality companies facing transitory headwinds. The substantial majority of the Fund's portfolio is typically allocated to 4-6 core holdings usually comprising liquid, large capitalization public companies. The General Partner focuses on businesses with durable competitive advantages and strong financial profiles, which it believes have limited downside and are positioned to benefit from three total-return levers: double-digit annualized earnings-per-share growth, capital-return programs, and sentiment normalization.