YACAF - Fishtown Capital Q1 Holdings Update
2023-04-10 03:08:14 ET
Summary
- My portfolio returned +7.7% versus +7.5% for the S&P 500, matching the S&P 500's performance despite holding a significant amount of cash and being overweight energy.
- My performance was driven by my January effect plays, Genesis Energy and Dole. H&R Block underperformed badly despite issuing good guidance.
- I'm significantly overweight cash and actively looking for opportunities, although I remain defensive and care more about downside protection than upside gain.
- Energy could surprise the market and outperform again this Summer.
For further details see:
Fishtown Capital Q1 Holdings Update