RILYP - White Brook Capital Partners Q1 2024 Commentary
2024-04-13 09:45:00 ET
Summary
- White Brook Capital LLC is an independent investment advisory firm. The Firm was founded with the belief that there is a shortage of managers who charge a reasonable price, invest for the long term, and maintain a socially responsible threshold while also beating the market.
- In my view, the S&P 500 continues to be expensive on a historical and relative basis, while mid-cap and small-cap stocks are cheap both relatively and absolutely.
- However, shifting interest rate expectations and the release of competitive AI chips by major customers in April have introduced a degree of uncertainty regarding the potential profitability of this investment theme.
Performance Review
As of March 31st, 2024
| NAV increase, net |
| Cum Incept |
| PF 2019 |
| 2020 |
| 2021 |
| 2022 |
| 2023 |
| 1Q/24 |
| WBCP |
| 82.04% |
| 17.60% |
| 19.05% |
| 37.16% |
| (15.38%) |
| 8.38% |
| 3.36% |
| S&P 400 |
| 66.88% |
| 5.72% |
| 13.66% |
| 24.76% |
| (13.06%) |
| 16.45% |
| 9.96% |