Now read: Orthodoxy loses its brightest light; Metropolitan Ilia (Katre) has reposed in The Lord

Q1 2023 net returns of 218 percent

Shelburne, Vermont, April 11, 2022 —Lemelson Capital Management, LLC (LCM), today announced financial results for Q1 2023.  In the quarter ending March 31, 2022, performance was 218 percent net of all fees and expenses based on preliminary unaudited results.¹  The S&P 500 TR (the "benchmark"), which includes the reinvestment of dividends, returned 7.5 percent during the same period. 

"We concluded Q1 2023 with better than average returns and are satisfied with our long-term performance," said Fr. Emmanuel Lemelson, Chief Investment Officer, LCM. "However, Q1 2023 was an outlier, and Investors should not expect this sort of performance in the future," Lemelson cautioned.

Lemelson Capital Management To Host Q1 2023 Investor Conference Call On April 12, 2023

Please note that The Fund is currently closed to new investors.  

There are a limited number of lines available. This call is expected to be oversubscribed.
Call-in details will be provided upon registration approval.

Lemelson Capital Management To Host Q4 2022 Investor Conference Call On January 18, 2023

To receive a copy of an investor presentation or to submit questions in advance, please contact investor relations at This email address is being protected from spambots. You need JavaScript enabled to view it.

This call is for existing partners and prospective (qualified) investors only.
There are a limited number of lines available. This call is expected to be oversubscribed.
Call-in details will be provided upon registration approval.

For the last few weeks, there were dreams of death. As shared with Presbytera, there was no escape from these dreams. The last time there was such a dream, a friend had passed away. A restless night, and upon waking at 4 a.m., within a few hours, the phone rang, and immediately, before answering, the realization that he had departed this life.

Metropolitan Ilia, by his person, revealed what many other bishops are not. He was a man of exceptional intelligence who was poor and humble. When hyenas within the Church colluded with the SEC  (as part of a corrupt and religiously bigoted persecution of one of his priests) to cast dispersions, lie, and commit federal process crimes, Bishop Ilia stood up, writing directly to the court—putting his name and reputation on the line (καὶ τὸ φῶς ἐν τῇ σκοτίᾳ φαίνει, καὶ ἡ σκοτία αὐτὸ οὐ κατέλαβεν - John 1:5). No other bishop would have had the courage to do the same. 

He was a part of the lives of countless families, and one in particular for about twenty years, like a father. Blessing a holy union and baptized the fruit of the marriage. Later, praying at an ordination, for which, as was so often the case, he was pushed back, though he was greater than those who pushed him back. You only need to meet someone like Metropolitan Ilia once to know what a bishop is and is meant to be. He was "above reproach... sober-minded, self-controlled, respectable, hospitable, and able to teach." (1 Tim 3:2).

 Bishop Ilia blessing a union (July 4, 2004)

Lemelson Capital Management To Host Q3 2022 Investor Conference Call On October 21, 2022

To receive a copy of an investor presentation or to submit questions in advance, please contact investor relations at This email address is being protected from spambots. You need JavaScript enabled to view it.

This call is for existing partners and prospective (qualified) investors only.
There are a limited number of lines available. This call is expected to be oversubscribed.
Call-in details will be provided upon registration approval.

Father Emmanuel joined the Invezz Podcast this week, sitting down with Dan Ashmore to discuss his background, short-selling, and inflation. After his prescient and highly publicized WWE short, Lemelson discusses why he believes “shorting is a terrible investment” despite his success as a short-seller.  Lemelson also covers monetary policy, economic inequality, the Biden administration's student loan forgiveness plan, and much more.

Today World Wrestling Entertainment (NYSE: WWE) said in an SEC filing that its quarterly report for the period ending June 30, 2022, will be filed late, noting additional previously unrecorded payments made by its former CEO Vince McMahon amid the company's investigation of allegations of misconduct.  

In the filing, the company said that since it had previously determined payments of $14.6M made by McMahon (between 2006 and 2022) were not appropriately recorded, its learned of two additional, improperly recorded payments totaling $5M (also made by McMahon), bringing the total to $19.6M in unrecorded expenses.   The company also said it will revise previous financial statements for multiple years.

On June 17, 2022, World Wrestling Entertainment (NYSE: WWE) CEO Vince McMahon stepped away from his duties as the company's board investigated allegations of misconduct.  According to The Wall Street Journal, McMahon, World Wrestling Entertainment Inc.’s longtime leader, agreed to pay more than $12 million over the past 16 years to suppress allegations of sexual misconduct and infidelity.  On July 22, 2020, McMahon "retired" amid ongoing probes into the alleged misconduct.   

Almost two years earlier, on January 31, 2020, Forbes reported that WWE had fired its co-presidents, including George Barrios.

About eight years earlier, on March 17, 2014, and again on April 8, 2014, Rev. Fr. Emmanuel Lemelson authored and published analysis that WWE was substantially overvalued and should be shorted. Lemelson's analysis was credited by USA Today, The Street, Seeking Alpha, and other major media outlets with an $800 million drop in the market capitalization of the stock between March 18 and April 20, 2014. 

On May 16, 2014, following a $1.4 billion (63 percent) loss in WWE's market capitalization since Lemelson's initial March 17, 2014, short call, Lemelson announced that he had reversed his short position and was now long WWE stock. Simultaneously, Lemelson called for the replacement of WWE's executive management team or a sale of the company.  This followed what Lemelson said was "a period of ongoing losses, execution failures, and material misstatements."

On July 25, 2022, CNBC reported that The company expects to conclude that its “internal control over financial reporting was not effective as a result of one or more material weaknesses.”

Read more history on Lemelson Capital management here

Disclosure: Lemelson Capital Management is short shares of WWE for its clients

In '14 @Lemelson called for the ouster of @VinceMcMahon amid what he called "material misstatements" $WWE now says there is $19.6M in unrecorded exp's between '06 + '22 made by McMahon + will restate several yrs of financials#CorpGov #WWE #Activistshortshttps://t.co/pXTVRqFJTA

— Lemelson Capital (@LemelsonCapital) August 10, 2022

On June 17, 2022, World Wrestling Entertainment (NYSE: WWE) CEO Vince McMahon stepped away from his duties as the company's board investigated allegations of misconduct.  According to The Wall Street Journal, McMahon, World Wrestling Entertainment Inc.’s longtime leader, agreed to pay more than $12 million over the past 16 years to suppress allegations of sexual misconduct and infidelity.  On July 22, 2020, McMahon "retired" amid ongoing probes into the alleged misconduct.   

Almost two years earlier, on January 31, 2020, Forbes reported that WWE had fired its co-presidents, including George Barrios.

About eight years earlier, on March 17, 2014, and again on April 8, 2014, Rev. Fr. Emmanuel Lemelson authored and published analysis that WWE was substantially overvalued and should be shorted. Lemelson's analysis was credited by USA Today, The Street, Seeking Alpha, and other major media outlets with an $800 million drop in the market capitalization of the stock between March 18 and April 20, 2014. 

On May 16, 2014, following a $1.4 billion (63 percent) loss in WWE's market capitalization since Lemelson's initial March 17, 2014, short call, Lemelson announced that he had reversed his short position and was now long WWE stock. Simultaneously, Lemelson called for the replacement of WWE's executive management team or a sale of the company.  This followed what Lemelson said was "a period of ongoing losses, execution failures, and material misstatements."

On July 25, 2022, CNBC reported that The company expects to conclude that its “internal control over financial reporting was not effective as a result of one or more material weaknesses.”

Read the full history here:  https://lemelsoncapital.com/history 

Long time coming. In '14 @Lemelson said $WWE management had to go (in '20 co-presidents, including Barrios, were fired). Read history at https://t.co/9eaUFg9uaE https://t.co/q7k10Tlga4#WWE #VinceMcMahon

@Spus @Benzinga @SeekingAlpha @IKrietzberg @joe_palazzolo @JBFlint

— Lemelson Capital (@LemelsonCapital) July 13, 2022

Lemelson Capital Management To Host Q2 2022 Investor Conference Call On July 15, 2022

To receive a copy of an investor presentation or to submit questions in advance, please contact investor relations at This email address is being protected from spambots. You need JavaScript enabled to view it.

This call is for existing partners and prospective (qualified) investors only.
There are a limited number of lines available. This call is expected to be oversubscribed.
Call-in details will be provided upon registration approval.

Lemelson Capital Management To Host Q1 2022 Investor Conference Call On April 15, 2022

To receive a copy of an investor presentation or to submit questions in advance, please contact investor relations at This email address is being protected from spambots. You need JavaScript enabled to view it.

This call is for existing partners and prospective (qualified) investors only.
There are a limited number of lines available. This call is expected to be oversubscribed.
Call-in details will be provided upon registration approval.

January 2022 net returns of 49.12 percent

Shelburne, Vermont, February 10, 2022, (Access Newswire) —Lemelson Capital Management, LLC (LCM), today announced returns for January 2022. 

In the month ending January 31, 2022, The Spruce Peak Fund LP's (SPF) performance was 49.12 percent net of all fees and expenses based on preliminary unaudited results.¹ The S&P 500 TR (the "benchmark"), which includes the reinvestment of dividends, returned minus (-5.17) percent during the same period. 

"We concluded January 2022 with better than average returns," said Fr. Emmanuel Lemelson, Chief Investment Officer, LCM “However, these returns are outliers, and Investors should not expect this sort of performance in the future," Lemelson concluded.

In 2021 Lemelson Capital Management posted combined returns of 56.05 percent net of all fees and expenses.²  The benchmark, S&P 500 TR returned 28.72 percent during the same period.

Lemelson Capital Management To Host January 2022 Investor Conference Call On February 11, 2022

To receive a copy of an investor presentation or to submit questions in advance, please contact investor relations at This email address is being protected from spambots. You need JavaScript enabled to view it.

This call is for existing partners and prospective (qualified) investors only.
There are a limited number of lines available. This call is expected to be oversubscribed.
Call-in details will be provided upon registration approval.

Short and long positions contribute to FYE 2021 combined¹ net returns of 56 percent.  Estimated MTD January 2022 net returns over 30 percent.²

Shelburne, Vermont, January 14, 2022, (Access Newswire) —Lemelson Capital Management, LLC (LCM), today announced financial results for FYE 2021.  The firm posted combined net returns of 56.05 percent for FYE 2021, comparing favorably against the benchmark S&P 500 Total Return Index,³ which returned 28.72 percent during the same period. 

As of January 13, 2022, estimated MTD net returns exceed 30 percent net of all fees and expenses.

"We concluded 2021 with a better than average rate of return and kicked off January 2022 with strong returns," said Fr. Emmanuel Lemelson, Chief Investment Officer. "Notably, Generac Holdings, Inc. (NYSE: GNRC), Revolve Group, Inc. (NYSE: RVLV) and Trex Company Inc (NYSE: TREX) contributed to our returns on the short side, while Berkshire Hathaway, Inc. (NYSE BRK.B) First American Financial (NYSE: FAF), and Progressive Insurance (NYSE: PGR) which we are long, performed well," Lemelson continued.  "However, investors should not expect these sorts of returns in the future," Lemelson cautioned.