Solstein Capital, based in California, is a hedge fund manager founded in July 2010 by Juan Carlos Torres and Nadine Terman. The firm focuses on value stocks of high-quality companies with shareholder-oriented management, employing a bottom-up stock-picking approach based on fundamental research.
Nadine Terman, Founder, CEO, and CIO of Solstein Capital, oversees investment and operations, leading the firm as a Managing Member. With over 30 years of experience, she manages global portfolios for an institutional, family office, and high net worth clients. Previously, she was a Partner at Blum Capital Partners, where she served on the Investment Committee and worked with portfolio companies on business, financial, and governance initiatives. Terman also worked as a private equity Associate at Behrman Capital and as an Analyst at Merrill Lynch and Goldman Sachs. She regularly contributes to global media and advocates for diversity in finance, co-founding several diversity conferences. She holds a B.A. with Honors and Distinction from Stanford University and an M.B.A. from the Stanford Graduate School of Business, where she was an Arjay Miller Scholar.
Juan Carlos Torres, Co-Founder and Managing Member of Solstein Capital, is a key investment team member. Previously, he was a Vice President at Blum Capital Partners, where he invested in public and private companies and worked on operational and governance initiatives. Before that, he founded Triton Global Capital and managed a value-oriented long/short portfolio. Torres also worked at SAFECO Asset Management. He holds a B.A. in Philosophy and Business Administration from the University of Washington and an M.B.A. from the Stanford Graduate School of Business.
As of March 2024, Solstein Capital manages discretionary assets totaling $562.4 million across 22 clients. Their Q1 2024 13F filing reported $144.2 million in managed 13F securities, with a top 10 holdings concentration of 43.76%. The firm's largest holding is the SPDR S&P 500 ETF Trust, with 24,766 shares.
