Ross Klein of Changebridge: Thesis for DME Quipt

Ross Klein of Changebridge Capital presented a pair of ideas at a recent webinar with ValueWalk. Changebridge Capital manages two active exchange-traded funds. The firm uses a quant, fundamental and sustainable process to select high-conviction names. It keeps 30 to 40 long positions and 15 to 20 short positions in one of its funds, and the other fund is a long-only fund. Neither fund has much overlap with the S&P 500. Q2 2021 hedge fund letters, conferences and more Background on Quipt One of the two ideas Klein presented was Quipt, a durable medical equipment supplier with a $180 million…