2024-07-11 12:45:00 ET
Summary
- As reported by our fund administrator, the Master Account, in which I am personally invested alongside SMA clients, returned -2.7% net in Q2 2024 vs 4.3% for the S&P500.
- Refining strategy to focus on better risk management and portfolio adjustments, including protecting the downside, being more willing to change positions, and being more nimble.
- I exited Enovis, Wayfair, IAC, and trimmed positions in Burford and Cogent.
- I initiated a starter position in Terravest Industries intending to invest more in the future.
Performance
As reported by our fund administrator, the Master Account, in which I am personally invested alongside SMA clients, returned -2.7% net in Q2 2024 vs 4.3% for the S&P500 ( SP500 . SPX ) . As of June 30, 2024, the top ten positions comprised approximately 66% of the portfolio, and the portfolio held approximately 16% in cash....
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For further details see:
Alphyn Capital Management Q2 2024 Letter To Investors