GPDNF - Leaven Partners - Laird Superfood: Our Largest Positive Contributor
2024-04-20 09:45:00 ET
Summary
- Our largest positive contributor to overall fund performance in the quarter came from one of our few American holdings, Laird Superfood Inc.
- I built a position in the stock in June at an average cost of $2.02 per share.
- The management team announced that they had generated a profit, on a GAAP basis, in the fourth quarter of 2023 on gross profit margins of 40%.
- We sold our shares on renewed optimism at an average price of $2.95.
The following segment was excerpted from this fund letter.
Laird Superfood Inc . ( LSF )
Our largest positive contributor to overall fund performance in the quarter came from one of our few American holdings, Laird Superfood Inc ....
Leaven Partners - Laird Superfood: Our Largest Positive Contributor