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GTYH - Miller Value Partners Opportunity Equity Q2 2021 Letter
GTY Technology Holdings Inc.
Miller Opportunity Equity gained 3.81% (net of fees) in the second quarter, lagging the S&P 500's 8.55% return.
At the beginning of 2021, we estimated ~65% upside in the portfolio. Year-to-date through June 30, 2021, we delivered returns of 20.59% (net) and currently estimate the portfolio’s upside potential at 68%.
A strong economic recovery could eventually lead to upward pressure on interest rates.