UNTCW - Kingdom Capital Advisors Q4 2023 Investor Letter

2024-02-11 08:10:00 ET

Summary

• Kingdom Capital Advisors is a Registered Investment Advisor. Using separately-managed accounts, KCA provides investors access to its actively-managed portfolio of small-cap and micro-cap equities.
• Kingdom Capital Advisors (KCA Value Composite) returned 5.35% (net of fees) in the fourth quarter.
• The KCA Value Composite returned 34.02% (net of fees) in Calendar Year 2023.
• We are firm believers that there’s always opportunities in the market, even at highs, and we think we’ve found quite a few that haven’t recovered nearly as much as would be justified in the current environment.

Fellow Investors,

From the bottom of my heart, thank you for the role you have played in making my dream of launching an investment firm a reality. I wanted to start by sharing the lyrics to a song that reminds me how lucky I am to be doing what I love - "The Men That Drive Me Places," by Ben Rector:

Danny showed up early, fifteen minutes till five thirty

Making sure that I'd be on my morning flight

He said he'd love to fix computers, but that he can't until he's fluent

So he spends his driving money taking class at night

He wore a neatly ironed dress shirt, and he helps his kids with homework

Deep inside I couldn't help but ask myself

Why that at night I'm up on stage, everybody knows my name

While Danny's early picking up somebody else

Oh, isn't that just the way it goes

You're dealt a good hand, and you get celebrated

Oh, how am I the only one who knows

I'm half the man of the men that drive me places

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