NVDA - Leaven Partners Q2 2024 Letter To Partners
2024-07-18 08:40:00 ET
Summary
- Leaven Partners is a hedge fund management firm based in Michigan. The firm utilizes a deep value investing approach.
- In the second quarter of 2024, total fund assets declined by -0.4%. For the three-year period, the fund is up 17.4% compared to the S&P 500 return of 33.6%.
- Following strong performance in the first quarter, our core holdings declined slightly this quarter, contributing -0.1% to total gross returns.
- Our hedging strategy continues to be a drag on overall performance.
| Q2 2024 |
| 1-Year |
| 3-Year |
| 5-Year |
| Inception † |
| Leaven Partners, LP* |
| -0.4% |
| 20.1% |
| 17.4% |
| 55.8% |
| 49.9% |
| 4.2% |
| 26.6% |
| 33.6% |
| 102.7% |
| 119.9% |
| MSCI EAFE ( EFA ) |
| -0.2% |
| 12.6% |
| 7.6% |
| 38.2% |
| 35.1% |
| Vanguard Total World ( VT ) |
| 2.4% |
| 20.2% |
| 15.5% |
| 67.2% |
| 70.3% |