2024-04-16 03:15:00 ET
Summary
- Leaven Partners is a hedge fund management firm based in Michigan. The firm utilizes a deep value investing approach.
- In the first quarter of 2024, fund assets appreciated by 10%, before fees and expenses. For the three-year period, the fund is up 25.6% 1compared to the three-year S&P 500 return of 38.5%.
- In the quarter, our core holdings followed pace with the vibrant S&P 500, contributing 9.8% to the total gross return.
- With a tough road ahead and no news of any suitors, the share price traded lower for the remainder of the year.
Q1 2024 | 1-Year | 3-Year | 5-Year | Inception † | |
Leaven Partners, LP* | 10.0% | 22.9% | 25.6% | 67.7% | 50.5% |
10.5% | 34.4% | 38.5% | 102.9% | 110.9% | |
MSCI EAFE (EFA) | 5.9% | 18.5% | 14.1% | 43.1% | 35.4% |
Vanguard Total World (VT) | 7.8% | 26.5% | 20.8% | 69.0% | 66.2% |
Read the full article on Seeking Alpha
For further details see:
Leaven Partners Q1 2024 Letter To Partners