Kingdom Capital Advisors Q4 2024 Investor Letter

2025-01-22 09:30:00 ET

Summary

• Kingdom Capital Advisors (KCA Value Composite) returned 2.07% (net of fees) in the fourth quarter, vs. 0.33% for the Russell 2000 TR, 2.41% for the S&P 500 TR, and 4.93% for the NASDAQ 100 TR.
• Our top contributors to Q4 returns were United Natural Foods and National Presto Industries, while Superior Industries and Enzo Biochem were our largest detractors.
• In terms of detractors, we are disappointed in the decline in Superior Industries, but we continue to think SUP is making the most of a tough environment.

Fellow Investors,

The conclusion of 2024 marks the third year of Kingdom Capital Advisors’ existence. Since our inception, small cap stocks (as measured by the Russell 2000 TR) have returned about 7% cumulatively, versus 89% for KCA. We continue to apply our concentrated approach, seeking to maximize the growth of your entrusted capital....

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