Alphyn Capital Management Q4 2024 Letter To Investors
Source: SeekingAlpha
2025-01-13 07:13:00 ET
Summary
- We closed the year with a respectable overall performance, even as the market cooled in December.
- In the current broader market, there’s uncertainty around whether the Trump administration’s pro-business stance can keep the rally going or if persistent inflation might push rates higher.
- I trimmed positions in KKR and Fairfax for standard portfolio management reasons. I trimmed Exor and replaced the VanEck Gold Miners ETF with a more direct gold ETF.
Performance
As reported by our fund administrator, the Master Account, in which I am personally invested alongside SMA clients, returned 2.6% net in Q3 2024 vs 2.4% for the S&P 500. As of Q4 2024, the top ten positions comprised approximately 67% of the portfolio, and the portfolio held approximately 9% in cash and/or short-term treasuries.
QTD | YTD | 1-year | 3-years | 5-years | Inception | |
ACML | 2.6% | 16.9% | 16.9% | 2.5% | 5.1% | 7.3% |
S&P 500 TR | 2.4% | 25.0% | 25.0% | 8.9% | 14.5% | 17.2% |
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Alphyn Capital Management Q4 2024 Letter To Investors
Melrose Industries Plc
NASDAQ: MLSPF
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$11,156,171,016
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Industrial Goods
Industrials
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Birmingham
