UNVGY - McIntyre Partnerships Q4 2023 Letter To Partners

2024-01-31 07:30:00 ET

Summary

• McIntyre Partnerships is a private investment company focused on long-term investments and acquisitions in the natural resources and infrastructure sectors.
• Through YE 2023, McIntyre Partnerships returns were approx. 48% gross and 38% net.
• At quarter end, our exposures are 102% long, 6% short, and 96% net.
• We are sitting tight, continuing to look for new ideas, and seeing if anything interesting shakes free.

Dear Partners,

McIntyre Partnerships Quarterly Returns(1)

Performance and Positioning Review - FY 2023

Through YE 2023, McIntyre Partnerships returns were approx. 48% gross and 38% net. This compares to the Russell 2000 Value's return including dividends of 15%. This brings our five-year return CAGR to 21% net and returns since inception to 16% net versus 10% and 6% for the Russell 2000 Value....

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