ET - Patient Capital Management Q2 2024 Investment Review

2024-07-18 12:45:00 ET

Summary

• During the first quarter of 2024, the Patient Opportunity Equity representative account generated a total return of -1.9% net of fees.
• The representative account portfolio added one position, Everi Holdings Inc. and eliminated two positions, Capital One Financial Corp. and Uber Technologies Inc. during the quarter.
• We see more attractive opportunities elsewhere and have increased our exposure to idiosyncratic opportunities in underfollowed and underappreciated ideas.
• We think the Health Care space is ripe with idiosyncratic opportunities that the market is not yet focused on.

By Christina Siegel Malbon

Strategy Highlights

During the first quarter of 2024, the Patient Opportunity Equity ( LMNOX ) representative account generated a total return of -1.9% net of fees. In comparison, the Strategy's unmanaged benchmark, the S&P 500 Index ( SP500 , SPX ) , returned 4.3%....

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