CCRN - Long Cast Advisers Q3 2021 Letter

• Long Cast Advisers, LLC, is an independent registered investment adviser investing on behalf of individuals, family offices and endowments. It is concentrated on long-term investing, focused on small-cap companies.
• For the 3Q21 quarter (ended September 30 2021), cumulative net returns were flat. Individual account returns ranged from flat to +4%. Year to date cumulative net returns through 3Q21 were 43%.
• Plusses in the quarter were Intelligent Systems Corp. and Cross Country Healthcare. Minuses were S&W Seed Company, Pro-Dex Inc. and CynergisTek.

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