DANOY - Leaven Partners Q1 2024 Letter To Partners
2024-04-16 03:15:00 ET
Summary
- Leaven Partners is a hedge fund management firm based in Michigan. The firm utilizes a deep value investing approach.
- In the first quarter of 2024, fund assets appreciated by 10%, before fees and expenses. For the three-year period, the fund is up 25.6% 1compared to the three-year S&P 500 return of 38.5%.
- In the quarter, our core holdings followed pace with the vibrant S&P 500, contributing 9.8% to the total gross return.
- With a tough road ahead and no news of any suitors, the share price traded lower for the remainder of the year.
| Q1 2024 |
| 1-Year |
| 3-Year |
| 5-Year |
| Inception † |
| Leaven Partners, LP* |
| 10.0% |
| 22.9% |
| 25.6% |
| 67.7% |
| 50.5% |
| 10.5% |
| 34.4% |
| 38.5% |
| 102.9% |
| 110.9% |
| MSCI EAFE (EFA) |
| 5.9% |
| 18.5% |
| 14.1% |
| 43.1% |
| 35.4% |
| Vanguard Total World (VT) |
| 7.8% |
| 26.5% |
| 20.8% |
| 69.0% |
| 66.2% |