2024-07-18 08:40:00 ET
Summary
- Leaven Partners is a hedge fund management firm based in Michigan. The firm utilizes a deep value investing approach.
- In the second quarter of 2024, total fund assets declined by -0.4%. For the three-year period, the fund is up 17.4% compared to the S&P 500 return of 33.6%.
- Following strong performance in the first quarter, our core holdings declined slightly this quarter, contributing -0.1% to total gross returns.
- Our hedging strategy continues to be a drag on overall performance.
Q2 2024 | 1-Year | 3-Year | 5-Year | Inception † | |
Leaven Partners, LP* | -0.4% | 20.1% | 17.4% | 55.8% | 49.9% |
4.2% | 26.6% | 33.6% | 102.7% | 119.9% | |
MSCI EAFE ( EFA ) | -0.2% | 12.6% | 7.6% | 38.2% | 35.1% |
Vanguard Total World ( VT ) | 2.4% | 20.2% | 15.5% | 67.2% | 70.3% |
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For further details see:
Leaven Partners Q2 2024 Letter To Partners