Painting of the Sutter Buttes above the farmed fields of the Sacramento Valley.

Sutter County, California

West Butte Investments

Long-term, value-oriented investing on behalf of families and like-minded investors.

Sutter Buttes · Miles Hermann, 2007 · reproduced with permission

Investment objective

A Margin of Safety.

West Butte Investments is an investment holding company structured as a closed-ended fund principally engaged in acquiring ownership interests in a concentrated portfolio of public and private businesses. We seek to invest in companies with durable competitive advantages, exceptional management teams, strong balance sheets, and the ability to generate attractive returns on capital over the long term.

Our investment philosophy is risk-averse in nature. We seek opportunities where market prices diverge meaningfully from intrinsic value, allowing us to invest with a margin of safety. We focus on investments with asymmetric risk-return characteristics, where the potential for long-term appreciation outweighs the risk of permanent capital impairment.

Founded
2026
Structure
Closed-ended fund
Holding period
Long term
Positions
<20
Headquarters
Yuba City, CA
10 Years investing
11 Companies owned
$120M Capital committed

Figures as of June 30, 2026, and include the principals' experience prior to the fund's formation. Past results do not predict future results.

Where we invest

Across markets.

The New York Stock Exchange facade draped with an American flag.

Public equities

Meaningful stakes in a handful of listed businesses with durable economics and management we would trust with our own money — because it is our own money.

  • Concentrated positions
  • Held as long as the case holds
  • Bought at a discount to intrinsic value
Farmed fields of the Sacramento Valley with the Sutter Buttes on the horizon.

Private companies

Businesses we own outright, and others where we hold a minority interest beside operators who know their trade. No auction, no quoted price, no quarter to answer to.

  • Whole and minority ownership
  • Operators left to operate
  • Bought at a discount to intrinsic value

Contact

We answer our own phone.

Office

1000 West Butte Road
Yuba City, California 95993

General inquiries

hello@westbutte.com
(530) 555-0100

Investor relations

partners@westbutte.com