Dear Partner,

Hazelton Capital Partners, LLC (the “Fund”) gained 7.4% from July 1, 2017 through September 30, 2017, gained 16.2% year-to-date and has returned 114% since its inception in August 2009. By comparison, the S&P 500 gained 4.5% in the same quarter, increased 14.2% year-to-date and has returned 187% since the Fund’s inception.

The Quarter in Review – Position Updates Hazelton Capital Partners ended the 3rd quarter with a portfolio of 16 equity positions and a cash level equivalent to 27% of assets under management. The top five portfolio holdings . . .

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