CFRHF - GreensKeeper Value Fund Q2 2024 Letter

2024-07-24 11:25:00 ET

Summary

• The Value Fund was up +1.6% net of fees and expenses in the second quarter, is up +11.5% year to date (YTD), and +19.3% over the past 12 months.
• Must-own” AI stocks are not for us: we are immune from the FOMO virus.
• Our top contributor in the second quarter was Alphabet Inc.
• Our biggest laggard in the quarter was Berkshire Hathaway (BRK.B).

Playing the Long Game

The Value Fund was up +1.6% net of fees and expenses in the second quarter, is up +11.5% year to date (YTD), and +19.3% over the past 12 months. The US dollar added about +1.0% to our returns for the quarter.

The Value Fund's first-half performance beat both the S&P/TSX (+6.1%), and the DJIA (+8.2%), and trailed the S&P 500 (+19.1%). ¹ ...

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