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Argosy Investors is a fee-only investment adviser seeking to earn above-average returns through a risk-conscious approach that allows us to maintain significant amounts of cash if the conditions warrant, and to deploy capital quickly and aggressively when opportunities are more plentiful.
We ended the quarter with 51.8% of the portfolio in cash and short-term government bonds.
During the quarter, we trimmed our position in Dream Finders Homes, and sold out of the Zero-coupon bond fund and Fallen Angel ETF.
I purchased shares of Mesa Labs during the fourth quarter.