2023-05-22 02:46:00 ET
Summary
- Tourlite Fund, LP Founder Class returned 1.0% for the First Quarter of 2023.
- At the end of the quarter, our portfolio’s sector concentration represented: consumer (~40%), industrials (~40%), technology (~15%), other (~5%).
- Our long portfolio increased 11.5%, outperforming both the S&P 500 and the more diversified Russell 2000.
- Our short portfolio was a significant drag for the quarter, driven by the outperformance of shorts in the first 5 weeks of the year and a few large short positions which rose throughout the quarter.
For further details see:
Tourlite Capital Management First Quarter 2023 Investor Letter