BBWI - Sandbrook Capital Partners Q2 2024 Letter
2024-07-12 10:00:00 ET
Summary
- Sandbrook Capital Partners, LP is a long/short equity fund with a flexible net exposure targeting companies in the software, consumer, and internet sectors.
- June was our worst performance in our single name book since launching.
- YTD, we’ve realized over 6% returns from our earnings strategy.
Performance
June and 2Q Commentary
June was our worst performance in our single name book since launching. Our short book continues to be biased towards growth and momentum factors in the consumer sector, and our long book was hurt by a net long software bias as we added names in the sector. We executed well on our earnings print strategy once again, adding 92bp from [[GTLB]] and [[BBWI]] earnings. YTD, we’ve realized over 6% returns from our earnings strategy; we expect a similarly rich earnings alpha period for Q2 and Q3. For Q2, the acquisition of our HCP Core Long added 1 point to returns....
Sandbrook Capital Partners Q2 2024 Letter