Dear Investor: The volatility that returned to the markets in the first quarter continued, albeit at lower levels, ultimately giving way to a back and forth market which pushed the Russell 2000 and S&P 500 up +7.8% and +3.4%, respectively. Together these results put our Small / Large Blended Benchmark +6.7% for the quarter. Choice Equities Fund (CEF) posted another solid quarter, up +8.4% and +6.9% on a gross and Continue Reading →
Dear Partner, Hazelton Capital Partners, LLC (the “Fund”) gained 6.7% from April 1, 2018 through June 30, 2018, gained 8.7% year-to-date, and has returned 147% since its inception in August 2009. By comparison, the S&P 500 gained 3.4% in the same quarter, gained 2.6% year-to-date, and has returned 214% since the Fund’s inception. Full letter for subscribers below: Please login to view the rest of this article – Not subscribed? Continue Reading →
Here is a short roundup (for premium subscribers) of some of the best ideas we’ve seen so far from Q2 letters of funds previously profiled in Hidden Value Stocks. Please login to view the rest of this article – Not subscribed? Get our adfree exclusive content for only a few dollars a month. It also helps us fund our operations so think of it as supporting quality journalism.
Dear Partners, The quarter just ended was a lackluster period for Alluvial Fund, LP. While market indexes turned in respectable gains, Alluvial declined 0.8%. Though certainly frustrating, this is not at all unusual for a portfolio made up of esoteric and obscure holdings. As I have often stated, partners should expect to experience periods of uninspiring returns in the pursuit of superior long-term results. Now and then our holdings will Continue Reading →
Although the first half of the year has been challenging for the fund, we are starting to see an uptick in certain stocks that were purchased earlier in the year. As of the date of this letter, the fund is up 3.43% for the year and for the month of June, the fund was up 4.79% versus 1.97% for the S&P 500 in CAD, 0.62% for the S&P in USD Continue Reading →