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| Quarter | Letter Date | Fund Name | QTD | YTD | Tickers | Themes | Quick Take |
|---|---|---|---|---|---|---|---|
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"New West Partners posted a stellar 41.38% YTD return by leveraging mispriced volatility and a highly successful asymmetric bet on ad-tech firm Magnite following Google's antitrust ruling. The fund is currently transitioning to an SEC-registered structure."
New West Partners, LP achieved an exceptional 41.38% YTD return through Q2 2025, significantly outperforming the S&P 500's 5.68%. The outperformance was driven by a directionally agnostic volatility hedge on the semiconductor industry and a highly successful, asymmetric options position in Magnite (MGNI). The MGNI thesis played out following a landmark antitrust ruling that found Google's digital ad practices monopolistic, positioning smaller ad-tech players for rapid EBITDA expansion. The manager also announced that the firm is winding down the legacy partnership to transition to an SEC-registered entity by the end of Q3 2025, offering distinct 'Quality' and 'Special Situations' mandates to investors.
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Algorithmic conviction, macroeconomic posture, and risk appetite signals extracted from this quarterly letter with qualitative explanations.
Market Conviction
High-conviction positioning: New West Partners posted a stellar 41.38% YTD return by leveraging mispriced volatility and a highly successful asymmetric bet on ad-tech firm Magnite following Google's antitrust ...
Growth Outlook
Market outlook remains moderate conviction: New West Partners posted a stellar 41.38% YTD return by leveraging mispriced volatility and a highly successful asymmetric bet on ad-tech firm Magnite following Google's antitrust ...
Risk Appetite
Risk appetite posture is high conviction: New West Partners posted a stellar 41.38% YTD return by leveraging mispriced volatility and a highly successful asymmetric bet on ad-tech firm Magnite following Google's antitrust ...
Capital Deployment
Manager actively deployed capital into high-conviction opportunities. New West Partners posted a stellar 41.38% YTD return by leveraging mispriced volatility and a highly successful asymmetric bet on ad-tech firm Magnite following Google's antitrust ...
Forward Guidance
Forward guidance signal: New West Partners posted a stellar 41.38% YTD return by leveraging mispriced volatility and a highly successful asymmetric bet on ad-tech firm Magnite following Google's antitrust ...
Language Signal
Tone analysis indicates high conviction language: New West Partners posted a stellar 41.38% YTD return by leveraging mispriced volatility and a highly successful asymmetric bet on ad-tech firm Magnite following Google's antitrust ...
Perceived Risk
Perceived risk level is evaluated as moderate conviction. New West Partners posted a stellar 41.38% YTD return by leveraging mispriced volatility and a highly successful asymmetric bet on ad-tech firm Magnite following Google's antitrust ...
Opportunity Density
Opportunity density index indicates above average conviction actionable entry points. New West Partners posted a stellar 41.38% YTD return by leveraging mispriced volatility and a highly successful asymmetric bet on ad-tech firm Magnite following Google's antitrust ...
Time Horizon
Investment time horizon reflects a moderate conviction orientation. New West Partners posted a stellar 41.38% YTD return by leveraging mispriced volatility and a highly successful asymmetric bet on ad-tech firm Magnite following Google's antitrust ...
