The GoodHaven Fund 2024 Annual Letter To Shareholders
2025-02-12 11:05:00 ET
Summary
- The GoodHaven Fund achieved a 32.97% return in fiscal 2024, slightly underperforming the S&P 500 but outperforming it since GoodHaven 2.0's inception.
- Our portfolio boasts lower valuations and better earnings growth than the S&P 500, achieved without leverage and despite high cash levels.
- We focus on both relative and absolute long-term returns, emphasizing high-quality companies and special situations with significant upside potential.
- Key investments include Jefferies, Berkshire Hathaway, and TerraVest, with recent additions in Berkshire, Chubb, Arrow Electronics, and Exor.
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PERFORMANCE as of November 30, 2024
1 Year Ended 11/30/2024 | 2 Year Annualized as of 11/30/2024 | 12/31/19-11/30/24 Annualized as of 11/30/2024 | 5 Years Annualized as of 11/30/2024 | 10 Years Annualized as of 11/30/2024 | Since Incept. 1 Annualized as of 11/30/2024 | |
32.97% | 26.45% | 16.80% | 17.60% | 8.41% | 8.61% | |
S&P 500 Index 2 | 33.89% | 23.43% | 15.33% | 15.77% | 13.35% | 13.88% |
FT Wilshire 5000 Full Cap Index | 33.22% | 21.52% | 12.96% | 13.32% | 10.66% | 11.16% |
CS Hedge Fund Index 3 | 10.64% | 7.89% | 6.34% | 6.56% | 4.42% | 4.43% |
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The GoodHaven Fund 2024 Annual Letter To Shareholders
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