Established in 2002, Osmium Partners, LLC is a leading investment management firm headquartered in the San Francisco Bay Area. We focus on investing in high-quality, small capitalization public equities via an exhaustive, bottom-up research process.

Investment Strategy

We seek to generate strong, risk-adjusted returns by investing in undervalued, small capitalization companies across US equity markets. Our research process is based on eight simple factors involving balance sheet strength, aligned interests, attractive reinvestment opportunities, a low valuation, and reasonable growth prospects. As engaged owners, we actively discuss corporate strategy and capital structure with management teams and boards of directors. We prefer to conduct these discussions in private, but we will publicly debate important items with all shareholders when appropriate.


John Lewis

Chief Investment Officer & Managing Partner

Osmium Partners, 2002 – Present

Member of the Board of Directors of Tuesday Morning Corporation
January 2021 – September 2022

Member of the Board of Directors of Intersections Inc.
October 2015 – August 2017

Member of the Board of Directors of Spark Networks
July 2014 – November 2017

Director of Research, Retzer Capital, 2001 – 2002

Equity Research Analyst, Heartland Funds, 1999 – 2001

MBA, University of San Francisco, 1998

BA, University of Maryland, 1996

Adam Hoydysh


Osmium Partners, 2020 - Present

Vice President of Hotel Sales, Plum, Inc., 2015 - 2018

Director of Sales, Juniper Networks, 2012 - 2014

Director of Strategic Sales Initiatives, Paychex, 2001 – 2010

BA, University of Colorado Boulder, 2001

Oliver Richner

Senior Advisor & Research Analyst

Osmium Partners, 2015 - Present

Managing Partner, Richner Capital 2010 - Present

Partner, Osmium Partners 2005 - 2009

Senior Analyst, StarMine - Thomson Reuters 2002 - 2004

Senior Consultant, Baseline - Thomson Reuters 1999 - 2001

MBA, University of California at Berkeley, 2005

BA, Rensselaer Polytechnic Institute, 1994

Daeyoung Choi, CFA

Financial Operations Manager

Osmium Partners, 2022 — Present

SVB Asset Management, 2015-2019

FactSet Research Systems, 2007-2015

BA, Cornell University, 2006

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