Merion Road Capital Q4 2024 Investor Letter
2025-01-16 10:40:00 ET
Summary
- The Merion Road Small Cap Fund similarly had a good quarter, up 5.5%, bringing our 2024 returns to 17.4%.
- The Long Only portfolio had good performance for the quarter and year, increasing 9.0% and 32.4% respectively.
- For the year, the risk-free rate account for 4.8% return, our market exposure added another 2.3%, and stock selection accounted for the balance of 10.3%.
Merion Road Small Cap Fund | IWM (Russell 2000) | Barclay Hedge Fund Index | MRCM Long Only Large Cap | SPY (S&P 500) | |||
Annualized Since Inception | 16.7% | 9.4% | 5.9% | Annualized Since Inception | 14.6% | 13.5% | |
Q4 2024 | 5.5% | 0.3% | (0.1%) | Q4 2024 | 9.0% | 2.5% | |
2024 | 17.4% | 11.4% | 9.4% | 2024 | 32.4% | 24.9% | |
2023 | 11.5% | 16.4% | 9.3% | 2023 | 38.7% | 25.7% | |
2022 | (16.9%) | (20.4%) | (8.5%) | 2022 | (34.9%) | (18.2%) | |
2021 | 42.5% | 14.5% | 10.0% | 2021 | 20.4% | 28.7% | |
2020 | 29.5% | 20.0% | 11.0% | 2020 | 54.3% | 18.3% | |
2019 | 17.9% | 25.4% | 10.6% | 2019 | 25.2% | 31.2% | |
2018 | 15.7% | (11.1%) | (5.2%) | 2018 | (6.0%) | (4.6%) | |
2017 | 35.7% | 14.6% | 10.3% | Dec 18 - Dec 31 | 0.1% | (0.5%) | |
2016 (Jul-Dec) | 1.3% | 18.7% | 5.4% |
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Merion Road Capital Q4 2024 Investor Letter
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