The Imperalith Fund

A solo-managed equity research fund designed and led by Josh Zhuang. Powered by long-term thinking, value investing, and macro insight.

Meet Our Founder →

Our Philosophy

Capital isn't sentimental. Investors trust us for one reason: to generate returns.

At Imperalith, we build high-conviction positions from first principles — grounded in value, macro, and asymmetric risk-reward. It’s not about being first. It’s about being right.

View Portfolio →

Imperalith Key Metrics

AUM

$28,300

YTD Return

+6.21%

Reports Published

11

Sectors Covered

Tech, Utilities, Consumer

Featured Insight

Why Vistra Corp Might Be the Most Mispriced Utility in 2025

We believe the market is severely underestimating Vistra’s generation upside and regulatory tailwinds. Our latest report dissects balance sheet flexibility, FCF potential, and forward valuation under various rate regimes.

Read Full Research →

Have a question or a potential investment inquiry?

We're always open to serious conversations.

Contact Us →

Privacy Policy

At Imperalith Capital Management, your privacy is important to us. We do not collect personal information, nor do we sell or share user data with third parties.

This website uses anonymous cookies and basic analytics tools (such as Google Analytics) to help us understand visitor behavior and improve site performance. No personally identifiable information is collected or stored.

Josh Zhuang is the founder of Imperalith Capital Management.