Greenhaven Road Capital Partners Fund Q4 2024 Investor Letter
Source: SeekingAlpha
2025-03-03 03:25:00 ET
Summary
- The Greenhaven Road Capital Partners Fund returned approximately 10% in Q4, bringing year-to-date returns to 23%, thanks to selective investments and strategic SPVs.
- Our investment in CTT, a 500-year-old Portuguese postal service, exemplifies our strategy of esoteric and transformative investments led by exceptional managers like Steven Wood.
- Steven's strategic initiatives, including real estate monetization and capital allocation, have significantly transformed CTT, driving meaningful share price appreciation and future growth potential.
- CTT's recent joint venture with DHL and expansion into e-commerce and Spanish markets position it for substantial future returns, potentially 2-3x the 2024 year-end share price.
Dear Fellow Investors,
I am pleased to report that the Partners Fund returned approximately 10% 1 net in the fourth quarter, bringing our year-to-date returns to approximately 23% 1 net. ...
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Greenhaven Road Capital Partners Fund Q4 2024 Investor Letter
CTT Correios de Portugal S.A.
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