Christensen Capital, LLC

Christensen Capital provides discretionary portfolio management to individual clients, primarily high‑net‑worth investors, and serves as the managing general partner and adviser to a private pooled vehicle, Target 3 Fund, L.P. The firm manages both separately managed accounts and the Fund, with all accounts operated on a discretionary basis.

The firm’s investment approach focuses on value stocks and special situations, emphasizing analysis of management strength, durable competitive advantages, and one‑time solvable problems, and it draws on public filings, research reports and industry publications. Separate accounts are tailored to client cash and risk profiles while the Fund follows the mandates in its offering documents; Fund investors receive audited financial statements and the Fund is subject to an annual surprise audit.

What distinguishes Christensen Capital from many peers is its role as a private fund adviser and its affiliation with Target 3 Fund while operating a small advisory practice—an arrangement that is relatively uncommon for firms of this size. The firm’s principal also invests a significant portion of his personal assets in the Fund and discloses trading alongside client accounts, with a written code of ethics and procedures intended to address those potential conflicts.