ACGYF - Upslope Capital's Q2 2021 Investor Letter

• Upslope Capital Management is a Colorado registered investment adviser. Upslope's core investment approach is a concentrated, long/short equity strategy, focused on mid-cap businesses. Upslope also manages a long-only version of the strategy.
• While I’m excited about our longs, the outlook today for a thoughtfully-executed short-selling strategy with effective risk management appears as good as it’s been in over two decades.
• In Q2 we exited two longs (MarketAxess and Subsea 7) and added long positions in Envestnet (ENV) and a European healthcare business (to be discussed at a later date, as the position is material but not yet “full”).
• At quarter-end, gross and net exposures were 129% and 67%, respectively.

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