Opportunistic Appreciation is a fundamental long/short strategy with the objective of producing uncorrelated alpha. It is based on the investment process of the Opportunistic Value team, which has more than two decades of investment success. It seeks to profit from stock prices that significantly deviate from intrinsic value. Fundamental analysis coupled with macro perspectives allow the strategy to dynamically allocate capital. Risk is actively managed with position limits and defined exposure parameters. All positions, long and short, are alpha-seeking.